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= Forecast There is Elowarmitee the eVirnate tiFhliatted wilmerraze. Past market volume is not a prediction or guarantee of future market volume. Glendower Capital STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRI M. P. 6(e) CONFIDENTIAL DB-SDNY-0039033 SDNY_GM_00185217 EFTA01354439
rket volumes 2006 - 2018F 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018F GP-led Secondary ■ Fund Secondary Source. Glendower Gapils analysis. and own estimates Lased on Greenhill Secondary Market Trends & LASlook, Jancay 2018: Geenmli GP Sulutiorm DIscr.Ntwn 1Mterals. May 2017: an
orecast There la rte warmitee the eVirnate tiFhliatted wilmerraze. Past market volume is not a prediction or gttarantE•e of future market volume. Glendower Capital STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0039468 SDNY_GM_00185652 EFTA01354870
rket volumes 2006 - 2018F 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018F GP-led Secondary ■ Fund Secondary Source. Glendower Gapils analysis. and own esainates based on Greenhill Secondary Markel Trends & LASlook, Jancay 2018: G•eertrill GP &Attica% DIscr.Ntwn 1Mterats. May 2017:
st There is r•io warmitee the eVirnate €!rjhl!0!ttd t< n:ateraFzb. Past market volume is not a prediction or gttarantE•e of future market volume. Glendower Capital STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0094753 SDNY_GM_00240937 EFTA01390296
rket volumes 2006 - 2018F 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018F GP-led Secondary ■ Fund Secondary Source. Glendower Gapils analysis. and own est:Oates based on Greenhill Secondary Markel Trends & LASlook, Jemmy 2018: G•eertrill GP &Attica% DIscr.Ntwn 1Mterats. May 2017: a
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