Epstein Secrets

ek4iriLeame double courting. tat IVPI 17 Total Value to Paid in Capital; DPI it Distributions to Paid in Capital: IRR rr Internal Rate of Return. Glendower Capital STRICTLY CONFIDENTIAL 16 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0096051 CONFIDENTIAL SDNY_GM_00242235 EFTA0139123

rmance is not a prediction of the futise performance of SOF. SOF D SOF ca SOF III but rs Eltek1/4104 dal:ion:watts the track rewd of the Gerrie:we' SOF Team and tPeie can be no assurance that SOF IV :soli ethane., comparabs, revails of that aris target rntilm earl for adto5rd se,/ important information o

because cd the additional amounting and edMirostr atiskt expenses. The aggregate net multiple of this SPV, Including the fees and expenses is 1.9x Glendower Capital STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0096986 SDNY_GM_00243170 EFTA01391890

ing this infermation. Past performance s not a pediMion of future performance, but 0 a iftlusei d to demonstrate the trac record of the Clara-tower SOF Team and. there can be no assurance that SOF IV will achieve comparable results or tint any target results will be achieved. (43 Hoover trotHactiorrs re

id-tie:2*mi. TVPI. RVPI ar4 ;ham€ are pooled retisn aggregating all cacti Pews and endilv *Ws in a sample to calculate a dollarivireighted return. Glendower Capital STRIC"FLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0099916 CONFIDENTIAL SDNY_GM_00246100 EFTA01393995

nce is n'$ a prediction of the future I>0110fOtert6 el SOF. SOF 0, SOF X or SOF HI but is included to oeniont;trae the track record el the Gler4-swer SOF Team. (41 internal rates of returns are net of fees. expenses and canned interest. Cambridge Assoaates research show that most funds take et least six ye

itled to enforce any rights against the Underlying Fund or the Glendower GP or any of their affiliates, assert claims against the Underlying Fund, Glendower or their affiliates or have any voting rights in the Underlying Fund. An investor in the Access Fund will have only those rights provided for in th

ver 90% of non-market deal risk. Pursuing a portfolio construction according to a barbell approach adjusted to market cycles. Since inception, the SOF Team has completed around 58% of its transactions in Fund Secondaries and 42% in GP-led Secondaries and Single Asset Deals16 adjusting to focus on the f

itled to enforce any rights against the Underlying Fund or the Glendower GP or any of their affiliates, assert claims against the Underlying Fund, Glendower or their affiliates or have any voting rights in the Underlying Fund. An investor in the Access Fund will have only those rights provided for in th

ver 90% of non-market deal risk. Pursuing a portfolio construction according to a barbell approach adjusted to market cycles. Since inception, the SOF Team has completed around 58% of its transactions in Fund Secondaries and 42% in GP-led Secondaries and Single Asset Deals16 adjusting to focus on the f

itled to enforce any rights against the Underlying Fund or the Glendower GP or any of their affiliates, assert claims against the Underlying Fund, Glendower or their affiliates or have any voting rights in the Underlying Fund. An investor in the Access Fund will have only those rights provided for in th

ver 90% of non-market deal risk. Pursuing a portfolio construction according to a barbell approach adjusted to market cycles. Since inception, the SOF Team has completed around 58% of its transactions in Fund Secondaries and 42% in GP-led Secondaries and Single Asset Deals16 adjusting to focus on the f

itled to enforce any rights against the Underlying Fund or the Glendower GP or any of their affiliates, assert claims against the Underlying Fund, Glendower or their affiliates or have any voting rights in the Underlying Fund. An investor in the Access Fund will have only those rights provided for in th

ver 90% of non-market deal risk. Pursuing a portfolio construction according to a barbell approach adjusted to market cycles. Since inception, the SOF Team has completed around 58% of its transactions in Fund Secondaries and 42% in GP-led Secondaries and Single Asset Deals16 adjusting to focus on the f

itled to enforce any rights against the Underlying Fund or the Glendower GP or any of their affiliates, assert claims against the Underlying Fund, Glendower or their affiliates or have any voting rights in the Underlying Fund. An investor in the Access Fund will have only those rights provided for in th

ver 90% of non-market deal risk. Pursuing a portfolio construction according to a barbell approach adjusted to market cycles. Since inception, the SOF Team has completed around 58% of its transactions in Fund Secondaries and 42% in GP-led Secondaries and Single Asset Deals16 adjusting to focus on the f

e date of the Underlying Fund's Final Admission Date plus up to 5 1 one-year extensions (the first 3 one-year extensions are at the discretion of Glendower and the final 2 one-year extensions require the consent of the SOF IV advisory committee) For the purposes of making investments and/or paying exp

owth potential, low leverage • Significant downside protection through securities owned (senior, PIK preferred and structured notes) • GP known to SOF Team through prior fund investment Laurel (SOF II & SOF III) US$147m 24% 11 fund 33 assets Europe Southern European bank • Motivated, distress

e date of the Underlying Fund's Final Admission Date plus up to 5 1 one-year extensions (the first 3 one-year extensions are at the discretion of Glendower and the final 2 one-year extensions require the consent of the SOF IV advisory committee) For the purposes of making investments and/or paying exp

owth potential, low leverage • Significant downside protection through securities owned (senior, PIK preferred and structured notes) • GP known to SOF Team through prior fund investment Laurel (SOF II & SOF III) US$147m 24% 11 fund 33 assets Europe Southern European bank • Motivated, distress