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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
in 2010 with a US$147 million pool of commitments. 1 The Deutsche Bank proprietary private equity restructuring took place between 2003 and 2006. Carlo Pirzio-Biroli and Charles Smith played a role alongside other Deutsche Bank colleagues in the transactions that contributed to the disposition of Deutsche Bank's
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
tal Secondary Opportunities Fund IV, LP CONTACT INFORMATION Glendower Capital, LLP 16 Berkeley Street London, W1J 8DZ United Kingdom Attention: Carlo Pirzio-Biroli Email: [email protected] Glendower Capital (U.S.), LLC 410 Park Avenue New York, NY 10022 United States of America Atten
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
tal Secondary Opportunities Fund IV, LP CONTACT INFORMATION Glendower Capital, LLP 16 Berkeley Street London, W1J 8DZ United Kingdom Attention: Carlo Pirzio-Biroli Email: Glendower Capital (U.S.), LLC 410 Park Avenue New York, NY 10022 United States of America Attention: Joshua C. Glaser Email: Credit Su
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
tal Secondary Opportunities Fund IV, LP CONTACT INFORMATION Glendower Capital, LLP 16 Berkeley Street London, W1J 8DZ United Kingdom Attention: Carlo Pirzio-Biroli Email: [email protected] Glendower Capital (U.S.), LLC 410 Park Avenue New York, NY 10022 United States of America Atten
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
tal Secondary Opportunities Fund IV, LP CONTACT INFORMATION Glendower Capital, LLP 16 Berkeley Street London, W1J 8DZ United Kingdom Attention: Carlo Pirzio-Biroli Email: Glendower Capital (U.S.), LLC 410 Park Avenue New York, NY 10022 United States of America Attention: Joshua C. Glaser Email: Credit Su
Entities connected to both Internal Rate of Return and Carlo Pirzio-Biroli

Prince Charles
PERSONGlendower Capital
ORGANIZATIONCharles Smith
PERSONGlendower
LOCATIONDeirdre Davies
PERSONAdam Graev
PERSONChi Cheung
PERSONthe SOF Program
ORGANIZATIONSOF IV
ORGANIZATION
Deutsche Bank
ORGANIZATIONMichael J. Murphy
PERSON
United Kingdom
LOCATIONJoshua C. Glaser
PERSON
North America
LOCATIONthe SOF Team
ORGANIZATIONDaVinci Portfolio
ORGANIZATIONGlendower Capital SOF IV
ORGANIZATIONthe Glendower SOF Team's
ORGANIZATION
the Cayman Islands
LOCATION
Credit Suisse
ORGANIZATION