Epstein Secrets

ted marine caohflok replicated n the irdex and the theoretical teiminalv9lue. Recallable distributions have been treated using the 'all in mennid' Glendower Capital STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0100364 CONFIDENTIAL SDNY_GM_00246548 EFTA01394362

GLDUS129 DF Enterpnses SOF Program compares favourably to public markets Performance data as of September 30, 2017'-',•5 SOF Funds have delivered attractive performance c

neral Electric; The Boston Consulting Group Based in London. Carlo is a Managing Partner & Chief Executive Officer of Glendower Capital. Prior to Glendower. Carlo spent 15 years at Deutsche Bank where he co-founded and has led the SOF business since 2006. From 2003 to 2006 he participated in the restr

GLDUS129 DF Enterpnses Team Bios CARLO PIR210-BIROLI Managing Partner Chief Executive Officer Deutsche Bank: CDB Web Tech: General Electric; The Boston Consulting Gr

ears from final closing 7 years from final closing plus up to 5 one-year extensions (the first three one-year extensions being at the discretion of Glendower and the final two one-year extensions requiring the consent of the SOF IV advisory committee) USS5 million Min of 1% of aggregate commitments 1.25

GLDUSI 29 DF Enterpnses SOF IV - Master Fund Key Terms Same key terms as SOF III with an increased team commitment The Fund Target Size Structure Investment Period Te

because nit the additional amounting and adMirosIr atm', expenses The aggregate net multiple of this SPV, Including the lees and expenses is 1.9x Glendower Capital STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0100401 SONY_GM_00246585 EFTA01394397

GLDUS1 29 DF Enterpnses SOF & SOF D Overall transaction summary as of September 30, 2017 Invested capital: Funded capital: Initial Gross Project name Sourcing Soler t