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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
Capter based on Precm benchmark data for the median 1VPI and Net RR echoer+ by buyout funds trx vintages of 1997 to 2017 Average buyout TVPI = 159x Average Net RR x 155% Data as of September 30 2017 For further benonswarlang of Glendower Captai to tuyoul returns. pease refer to Waal Pas, performance is not a
gregate of each deal at closing and may include sane double ccunbng TVPI = Taal Value to Paid in Capital. DPI = Dstritutions to Pad in Capital IRR = Internal Rate of Return SOF D is a Euro deramnated fund USS valued have been converted at September 30 2017 EURAJSS rate at 1 1822 Both SOF and SOF D are invested in the D
Capital based on Prow benchmark data for the median 1VPI and Net RR achieved by buyout lungs for singers et 1997 to 2017 Average buyout TVPI = 159x Average Net RR v 155% Data as of September 30 2017 For further benchmanang a Glendower Captal to tuyoul returns. Orease refer to Exhibit 3 Pau performance is not
gregate at each deal at closing and may include seine dcubre counong TVPI = Taal Vdue to Paid in Capital. DPI = Dsoitutons to Peel in Capital. IRR = Internal Rate of Return Confidential Pin ate Placement Memorandum 8 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 100614 CONFIDENTIAL SDNY_GM_00246798 EF
wer Capital based on Precm benchmark data fa the median 1VPI and Net RR acheved by buyout funds fix moves of 1997 to 2017 Average buyout TVPI = 159x Average Net RR x 155% Data as of September 30 2017 For further benchmartang of Glendower Can tai to tuyoLt returns. pease refer to Exhibit 3 Past performance is
Entities connected to both Internal Rate of Return and Average Net RR