Epstein Secrets

he Individual fund IRRs included in a vintage year and are used in conjunction with the median to determine quartile placement (minimum 84 funds.' Glendower Capital STRICTLY CONFIDENTIAL 18 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0082794 CONFIDENTIAL SDNY_GM_00228978 EFTA0138314

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e Individual fund IRRs included es a vintage year and are used in conjunction with the median to determine quartile placement (minims') f.4 funds) Glendower Capital STRICTLY CONFIDENTIAL 18 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0039456 CONFIDENTIAL SDNY_GM_00185640 EFTA0135485

nternal Rate of Return. and DPI are pooled return aggregating all cash flours and ending NAVs in a sample to calculate a doier-weighted Fetish. Not IRRts are nut of fees. erupt:ruses and carried tattiest Cambiktge Associates research shows that 0166l funds lake at least sax yearsto settle into then fil

he Individual fund IRRs included in a vintage year and are used in conjunction with the median to determine quartile placement (minimum 84 funds.' Glendower Capital STRICTLY CONFIDENTIAL 18 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055072 CONFIDENTIAL SDNY_GM_00201256 EFTA0136452

Internal Rate of Return. and DPI are pooled return aggregating all cash flows and ending NAVs in a sample to calculate a doiqr-weighted retail. Net IRRts are nut of fees. wept:ruses and carried tamest Cambridge, Associates research shortie that most funds OKA al least six yearsto SW% into their final q

e Individual fund IRRs included in a vintage year and are used in conjunction with the median to determine quartile placement rinininurn $4 funds) Glendower Capital STRICTLY CONFIDENTIAL 18 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0096484 CONFIDENTIAL SDNY_GM_00242668 EFTA0139153

ternal Rate of Return. TVPI and DPI are pooled return awiegating all cash flows and ending NAVs in a sample to calculate a doier-vonghted renew. Net IRRts ate nut of fees. eve:ruses and veried tilt:rest Cambridge Associates research shows that most funds take al least sue yearsto set% into tires final q

inclitiolual fund IRRs included xi a vintage year and are used in conjunction with the median to determine quartile placement (minimum $4 funds.' Glendower Capital STRICTLY CONFIDENTIAL 18 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0099917 CONFIDENTIAL SDNY_GM_00246101 EFTA0139399

ternal Rate of Return. TVFI and DPI are pooled return awiegating all cast, flows and ending NAVs in a sample to calculate a doiamweighted tenth. Net IRRts ale nut of tees. expenses arid cmtiedaitturest Cambridge Associates research shows that 01661 funds take. at least six yearsto settle fro then final