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than 18 months after the First Closing), with up to five one-year extensions. 4 years from the last closing of the Fund. As soon as practicable. General Partner's Share The General Partner will receive from the Fund an annual profit share as follows: (i) (ii) (iii) during the Investment Period, 1.25% per a
econdary Pricing Trends & Analysis, January 2018. 52 Glendower Capital analysis based on Greenhill Secondary Market Trends & Outlook, January 2018; Greenhill GP Solutions Discussion Materials, May 2017; and Dow Jones Private Equity Analyst Guide to Secondary Market, June 2017. Confidential Private Placement Memorandum 18 EFTA01397966
than 18 months after the First Closing), with up to five one-year extensions. 4 years from the last closing of the Fund. As soon as practicable. General Partner's Share The General Partner will receive from the Fund an annual profit share as follows: (i) (ii) (iii) during the Investment Period, 1.25% per a
econdary Pricing Trends & Analysis, January 2018. 52 Glendower Capital analysis based on Greenhill Secondary Market Trends & Outlook, January 2018; Greenhill GP Solutions Discussion Materials, May 2017; and Dow Jones Private Equity Analyst Guide to Secondary Market, June 2017. Confidential Private Placement Memorandum 18 EFTA01395924
than 18 months after the First Closing), with up to five one-year extensions. 4 years from the last closing of the Fund. As soon as practicable. General Partner's Share The General Partner will receive from the Fund an annual profit share as follows: (i) (ii) (iii) during the Investment Period, 1.25% per a
econdary Pricing Trends & Analysis, January 2018. 52 Glendower Capital analysis based on Greenhill Secondary Market Trends & Outlook, January 2018; Greenhill GP Solutions Discussion Materials, May 2017; and Dow Jones Private Equity Analyst Guide to Secondary Market, June 2017. Confidential Private Placement Memorandum 18 EFTA01396488
than 18 months after the First Closing), with up to five one-year extensions. 4 years from the last closing of the Fund. As soon as practicable. General Partner's Share The General Partner will receive from the Fund an annual profit share as follows: (i) (ii) (iii) during the Investment Period, 1.25% per a
econdary Pricing Trends & Analysis, January 2018. 52 Glendower Capital analysis based on Greenhill Secondary Market Trends & Outlook, January 2018; Greenhill GP Solutions Discussion Materials, May 2017; and Dow Jones Private Equity Analyst Guide to Secondary Market, June 2017. Confidential Private Placement Memorandum 18 EFTA01395460
than 18 months after the First Closing), with up to five one-year extensions. 4 years from the last closing of the Fund. As soon as practicable. General Partner's Share The General Partner will receive from the Fund an annual profit share as follows: (i) (ii) (iii) during the Investment Period, 1.25% per a
econdary Pricing Trends & Analysis, January 2018. 52 Glendower Capital analysis based on Greenhill Secondary Market Trends & Outlook, January 2018; Greenhill GP Solutions Discussion Materials, May 2017; and Dow Jones Private Equity Analyst Guide to Secondary Market, June 2017. Confidential Private Placement Memorandum 18 EFTA01397161
Entities connected to both General Partner's and Greenhill GP Solutions Discussion Materials

United States
LOCATIONthe Carried Interest
ORGANIZATION
New York
LOCATIONInvestment Company
ORGANIZATION
Cambridge University
ORGANIZATION
Norway
LOCATION
Hungary
LOCATION
Belgium
LOCATION
Estonia
LOCATION
Denmark
LOCATION
Finland
LOCATIONPretoria
LOCATION
George Soros
PERSON
Michael Douglas
PERSON
European Union
ORGANIZATION
Romania
LOCATION
Lithuania
LOCATION
Cyprus
LOCATION
Elena
PERSON
Northern Ireland
LOCATION