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upport existing portfolio companies, release of capital for latest offering etc.). ■ Continued evolution and refinement of transaction structures. Glendower believes that this reality has led to an influx of GP-led liquidity offerings and restructurings Once mere Greennil Cogent Secondary Market Trends 8
ructurings Once mere Greennil Cogent Secondary Market Trends 8 Otte.* January 20W. Greenlet Cogent Secondary Market Trends 8 OLteok JallUaly 2017. Glendower Capra based on Greentril Secondary market trends a OuLkok January 2018 and Barroom Mt 2017 Secondary Market Survey Rents Confidential Prnrate Placement Me
upport existing portfolio companies, release of capital for latest offering etc.). ■ Continued evolution and refinement of transaction structures. Glendower believes that this reality has led to an influx of GP-led liquidity offerings and restructurings Once mere Greenhill Cogent Secondary Market Trends
ucturings Once mere Greenhill Cogent Secondary Market Trends 8 Oalcok January 2018. Greenlel Cogent Secondary Market Trends 8 OLO:ok January 2017. Glendower Capra based on Greenlet Secondary Market Trends 8 Outkok January 2018 and EvercoreHt 2017 Secondary Market Survey Results Confidential Prnrate Placement M
dary market has consistently transacted an average of US$40 billion a year and in 2017 showed another significant jump in volume to US$58 bilfon.'ie Glendower believes that the record volumes are being driven primarily by: (i) increases in the number of transactions, and (ii) a greater number of small to m
ty8 Venture Captal Raped Source. Gmenhll Secondary Pnong Trends 8 Analyse, January 2018. Greenish SeCOncely Priong Trends 8 Analyarl. January 2018 Glendower Capra, analysis based cn Greenhd Secondary Market Trends & Duna* January 2018. Greenhil GP Solutions Discussion Matenals. May 2017, and Dow Jones Private
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