Epstein Secrets

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

DPI is strong in absolute terms, compares favorably with its peers and shows strong consistency across fund vintages.28 Through September 30. 2017. the SOF Program had invested29 US$3.3 billion in 82 transactions resulting in distributions of over USS1.8 billion and had generated a 1.5x Net Multiple and a 23% N

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

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

GLDUS141 Greg Martin Section 1: Executive Sunvnary Glendower Capital Secondary Opportunities Fund IV, LP Bespoke liquidity solutions or GP-led Secondary deals, another

stors should note that while at Deutsche Asset Management the SOF Team were able to make tree of piaitorm personnel and resources in connection with the SOF Program that Wit not be avertable to the Glendower SOF Teem in conneebon with the management and operation of SOF ry Source Glendower Capitals proprietary

GLDUS141 Greg Martin Section 6: Summary of Terms and Conditions Glendower Capital Secondary Opportunities Fund IV. LP Investment Period Reinvestment Key Person Event

their business time to the affairs of the Fund, any co-investment fund, Parallel Fund (as defined below) or Alternative Vehicle (as defined below), the SOF Program, any Complementary Fund (as defined below), any successor fund and Glendower (the 'Permitted ActivitIer). The Investment Period may be reinstated

GLDUS141 Greg Martin Section 4. Glendower Capital Secondary Opportunities Fund IV. LP Glendower Capital Secondary Opportunities Fund IV. LP Glendower Capital Secondary

e investors Would note that while at Deutsche Anal Management. the SOF Team was able to mike use of pfartorm personnel and mouton in connection with the SOF Program that via not be available to the Glendower SOF Team in connection wah the maregement and operation ad SOF N Past performance at the SCE Funds is no