Epstein Secrets

ucturing, is effectively purchasing a levered private equity index with diminished ability to generate alpha. It is important to note that while the Greenhill data of headline pricing captures bids received by sellers, it does not necessarily mean that most funds trade in the 90% range of NAV. The aggregat

ive of the primary market. Exhibit 9: Total PE assets have risen to USS2.8 trillion53 Exhibit 10: Annual Secondary volumes now 1-2% of total PEsO Leith ).060 2.500 1 503 =mull. - 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 • Wroarised 0011.616 vat,. Orypow6e/ 2 2% - 2 0% - 1 II%

ucturing, is effectively purchasing a levered private equity index with diminished ability to generate alpha. It is important to note that while the Greenhill data of headline pricing captures bids received by sellers, it does not necessarily mean that most funds trade in the 90% range of NAV. The aggregat

ive of the primary market. Exhibit 9: Total PE assets have risen to USS2.8 trillion53 Exhibit 10: Annual Secondary volumes now 1-2% of total PEsO Leith 3.0M Zeoo 1 503 =mull. - 2007 2008 2009 2010 2011 2012 2013 2014 2013 2016 2017 • Umansed *we'd* vat,. Dry pow6/ 2 2% - 20% - 18% I6% .

ucturing, is effectively purchasing a levered private equity index with diminished ability to generate alpha. It is important to note that while the Greenhill data of headline pricing captures bids received by sellers, it does not necessarily mean that most funds trade in the 90% range of NAV. The aggregat

ive of the primary market. Exhibit 9: Total PE assets have risen to USS2.8 trillion53 Exhibit 10: Annual Secondary volumes now 1-2% of total PEsO Leith ).060 2.500 1 503 =mull. - 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 • Wroarised 0011.616 vat,. Orypow6e/ 2 2% - 2 0% - 1 II%

ucturing, is effectively purchasing a levered private equity index with diminished ability to generate alpha. It is important to note that while the Greenhill data of headline pricing captures bids received by sellers, it does not necessarily mean that most funds trade in the 90% range of NAV. The aggregat

ive of the primary market. Exhibit 9: Total PE assets have risen to USS2.8 trillion53 Exhibit 10: Annual Secondary volumes now 1-2% of total PEsO Leith ).060 2.500 1 503 =mull. - 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 • Wroarised 0011.616 vat,. Orypow6e/ 2 2% - 2 0% - 1 II%

ucturing, is effectively purchasing a levered private equity index with diminished ability to generate alpha. It is important to note that while the Greenhill data of headline pricing captures bids received by sellers. it does not necessarily mean that most funds trade in the 90% range of NAV. The aggregat

ive of the primary market. Exhibit 9: Total PE assets have risen to USS2.8 trillion53 Exhibit 10: Annual Secondary volumes now 1-2% of total PEsO Leith 000 Zee, 1 503 =mull. - 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 • Umansed 0oado vat,. Dry pow6e/ 2 2% - 2 0% - I a% - 16%

ucturing, is effectively purchasing a levered private equity index with diminished ability to generate alpha. It is important to note that while the Greenhill data of headline pricing captures bids received by sellers. it does not necessarily mean that most funds trade in the 90% range of NAV. The aggregat

ive of the primary market. Exhibit 9: Total PE assets have risen to USS2.8 trillion53 Exhibit 10: Annual Secondary volumes now 1-2% of total PEsO Leith ).060 2.sea 1 503 =mull. - 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 • Wroarised 04411.41.0 va14e Dry pcw6e/ 2 2% - 2 0% - 1

ucturing, is effectively purchasing a levered private equity index with diminished ability to generate alpha. It is important to note that while the Greenhill data of headline pricing captures bids received by sellers, it does not necessarily mean that most funds trade in the 90% range of NAV. The aggregat

ive of the primary market. Exhibit 9: Total PE assets have risen to USS2.8 tfillion53 Exhibit 10: Annual Secondary volumes now 1-2% of total PEsO Leith ).0M idea 1 503 =mull. - 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 • Umansed *we'd* vat,. Dry pow6/ 2 2% - 20% - 18% 16% •

ucturing, is effectively purchasing a levered private equity index with diminished ability to generate alpha. It is important to note that while the Greenhill data of headline pricing captures bids received by sellers. it does not necessarily mean that most funds trade in the 90% range of NAV. The aggregat

ive of the primary market. Exhibit 9: Total PE assets have risen to USS2.8 trillion53 Exhibit 10: Annual Secondary volumes now 1-2% of total PEsO Leith 000 Zam 1 503 =mull. - 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 • Umansed 0o6do vat,. Dry pow6e/ 2 2% - 2 0% - I 8% - I 8%

ucturing, is effectively purchasing a levered private equity index with diminished ability to generate alpha. It is important to note that while the Greenhill data of headline pricing captures bids received by sellers. it does not necessarily mean that most funds trade in the 90% range of NAV. The aggregat

ive of the primary market. Exhibit 9: Total PE assets have risen to USS2.8 trillion53 Exhibit 10: Annual Secondary volumes now 1-2% of total PEsO Leith 3.060 Zeim 1 503 =mull. - 2007 2008 2009 2010 2011 2012 2013 2014 2013 2016 2017 • Wroarised 0011'do va14e Dry pcw6e/ 2 2% - 2 0% - 1 -