Epstein Secrets

GLOUS141 Greg Martin Section 1: Executive Sunvnary Glendower Capital Secondary Opportunities Fund IV. LP • SOF Il.e the second secondary fund that was formed in 2011

nd there can be no assurance that SOF al roll achieve comparable results or that any target results will be achieved Source Glendower Caput based on Greenhill Secondary Market Trends 8 Outlook January 2018 Source. Glendower Centel based on 2018 Precan Global Private Equity 8 Venture CaptS Report. Barn & Company Global neva

GLDUS141 Greg Martin Section 4. Glendower Capital Secondary Opportunities Fund IV. LP Glendower Capital Secondary Opportunities Fund fV. LP cash flows between signing

ary market pricing has recovered to within a transactable range, resulting in a more robust market. Glendower C00700 analYerS and estimates based on Greenhill Secondary Market Trends 8 Outlook January 2018. Cogent Partners Secondary Market Trends 8 Outlook. July 2014. Cogent Partners Secondary Market Vcdate. March 2009. an

Greg Martin CONFIDENTIAL Glendower Access Secondary Opportunities IV (U.S.), L.P. Overview April 2018 STRICTLY CONFIDENTIAL FOR INVESTMENT PROFESSIONAL AND

8 2009 2010 2011 2012 2013 2014 2015 2016 2017 GP-led secondaries GP-led secondaries as % of total (1) Source: Glendower Capital analysis based on Greenhill Secondary Market Trends & Outlook, January 2018; and Dow Jones Private Equity Analyst Guide to the Secondary Market, June 2017. STRICTLY CONFIDENTIAL 35 2.7 2.7