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asted on Gieonhil Secondary Market ireixls 3 Outlook. January MIS: and Dow Jones. Private Equity Antilyst Guide to the Secondary Market, June 2917 Glendower Capital STRICTLY CONFIDENTIAL 25% 20% 15% 10% 5% 0% CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0055089 SDNY_

rming solutions make managers unlikely targets Illustrative transachons ......... le BC Partners DIAMOND CAIST1.! FEC:7 One Equity Partners WARMINGPI:W2)N DNUANC, • Lt^zir1/2.t.1 Can in!. DUKE STREET ilka:Yr-..• :Anna Prikst zit • GMT Zurmont Madison STAGE ZOMBIE GPs USSIdn 15 14 13

basted rn Gieenhil Secondary Market 'Timis 3 Outlook. January MIS; and Dow Jones Private Equity Anislyst Guide to the Secondary Market, June 2917 Glendower Capital STRICTLY CONFIDENTIAL 25% 20% 15% 10% 5% 0% CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0097397 SDNY_

nagers performing funds or fund term extension Illustrative transachons ......... le BC Paltrier% DIAMOND CAIST1.! YE C:7 One Equay Partners WARMINGPI:W2)N NAN( ED • Lt^zir1/2.t.1 Can in!. Mid-market GPs looking to provide a DUKE STREET Quality • liquidity option in ilka:Yr-..• :Anna mid-

based rn Gieenhil Secondary Market ireixls 3 Outlook. January MIS: and Dow Jones. Private Equity Anislyst Guide to the Secondary Market, June 2917 Glendower Capital STRICTLY CONFIDENTIAL 25% 20% 15% 10% 5% 0% CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0099934 SDNY_

ming solutions make managers unlikely targets Illustrative transachons ......... le BC Partners DIAMOND CAIST1.! YE C:7 One Eccety Partners WARMINGPI:W2)N NAN( ED • Lt^zir1/2.t.1 Can in!. DUKE STREET ilka:Yr-..• :Anna Etitkio SbnA • city zit GMT Zurmont Madison STAGE ZOMBIE GPs USSbn

based on Gt eenhil Secondary Market -II ~is. 3 Outlook. January MIS; and Dow Jones Private Equity Amtlyst Guide to the Secondary Market, June 2017 Glendower Capital STRICTLY CONFIDENTIAL 25% 20% 15% 10% 5% 0% CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0 100813 SDNY

managers performing funds or fund term extension Illustrative transachons ......... he Paltrier% DIAMOND CAIST1.! FEC:7 One Ecp.hty Partners WARMINGPI:W2)N DNUANC, • Lt^zir1/2.t.1 Can in!. Mid-market GPs looking to provide a DUKE STREET Quality • liquidity option in ilka:Yr-..• :Anna mid-