Epstein Secrets

GLDUS183 Dimension Capdal Management SOF IV - Project Sunrise Sole deal lead Expected Closing Date: April 2018 K Fund Secondary St ' GP-led Secondary D Single Asset Deal Seller t

ow-cost and high-value Investment rationale / Glendower Team angle Glendower Team angle - Ability to quickly deliver a bespoke solution leveraging Glendower's track record in complex transactions - Ability to perform extensive diligence, including onsite visits, full access to companies' management and

GLDUS183 Dimension Capdal Management Buyout-like returns with a secondary risk profile' SOF Funds outperform Cambridge Associates buyout top-quartile benchmark TVPI in line with top-q

the Individual fund IRRs included in a vintage year and are used in conjunction with the median to determine quartile placement (minimum R4 funds. Glendower Capital STRICTLY CONFIDENTIAL 18 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0038589 CONFIDENTIAL SDNY_GM_00184773 EFTA0135399

GLDUS183 Dimension Capdal Management Why invest in secondary private equity today? Secondaries market is strong at with US$58 billion of deal volume in 2017 Pricing for funds stab

secondary transactions growing faster than market Distinctive investment strategies continue to seek attractive deals imsos only and summarizes Glendower's analysis of certain information set out over the slides in Section 3 'Secondary Market Update' of the. oresentabrAi Glendower Capital STRICT

GLDUS183 Dimension Capdal Management What is secondary private equity A primary private equity ("PE") investment is a direct investment into a PE fund at its inception - These funds t

erally called GP-led restructurings including spin-outs, tail-end restructurings, asset liquidations, LP replacements and bespoke fund extensions Glendower Capital STRiCTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0038580 CONFIDENTIAL SDNY_GM_00184764 EFTA01353988

GLDUS183 Dimension Capdal Management Important Information for Recipients in Certain Jurisdictions (1/6) For' Residents of the European Economic Area. For the purposes of the EU Alte

es is the information contained herein to be construed as investment advice. Brazilian Securities Commission has not reviewed the material herein. Glendower Capital S•F•R Om), CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0038632 CONFIDENTIAL SDNY_GM_00184816 EFTA01354039

GLDUS183 Dimension Capdal Management Important Information (2/2) Past performance is not necessarily iudisative ui suture results and thoe can be no assurance that the Fund will achiev

d all projections, forecasts or statements relating to ekpectations regarding future events or the possible future performance of the Fund represent Glendower's own assessment and interpretation of information available to it as at the date of this Presentation. No representation is made or assurance given

GLDUS183 Dimension Capdal Management Important Information for Recipients in Certain Jurisdictions (4/6) For. persons in Japan. The information in aviation to any interest and( or inv

ly, this Presentation is not intended to lead to the conclusion of any contract of whatsoever nature within the territory of the Sultanate of Oman Glendower Capital SIR Om), CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0038635 CONFIDENTIAL SDNY_GM_00184819 EFTA01354042