Epstein Secrets

aggregate of each deal at dosing and may include sane double counting TVPI = Taal Value to Paid in Capes'. DPI e Dstritutons to Pad In Capital IRR = Internal Rate of Return SOF D rs a Euro denomnated fund USS valued have teen converted at September 30 2017 EURAJSS rate of 1 1822 Both SOF and SOF D are invested in the D

GLDUS141 Greg Martin Section 2: Investment Performance Glendower Capital Secondary Opportunities Fund IV. LP Investment Performance Secondaries Performance Highlights

ber 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and 1.5x TVPI (Total Value to Paid-in Capital), 0.9x DPI (Distributions to Paid-in Capital) and 23% Net IRR to investors. More specifically: • SO

GLDUS141 Greg Martin Section 1: Execultre Summary Glendower Capital Secondary Opportunities Fund IV, LP Established track record"• 2° As of September 30, 2017 the SOF

deal at ckatIrsa Leal may inek4i, wive double courting. fib 7VPI 17 Total Value to Paid in Capital; DPI ci Distributions to Paid in Capital: IRR r Internal Rate of Return. Glendower Capital STRICTLY CONFIDENTIAL 16 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0040759 CONFIDENTIAL SDNY_GM_0018694

GLOUSI41 Greg Martin Established track record SOF Funds as of September 30, 2017A 2 3 Fund SOF Vintage 2006 (development stage) (harvesting) SOF D 2010 (harvest

er 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and 1.5x TVPI (Total Value to Paid-in Capital), 0.9x DPI (Distributions to Paid-in Capital) and 23% Net IRR to investors. More specifically: SOF

Greg Martin U.S. Securities Exchange Act of 1934. It is not expected that the Access Fund will be required to register the Interests under Section 12(g) or an