Epstein Secrets

econdary Opportunities Fund IV, LP The Offering Glendower Capital Secondary Opportunities Fund IV, 1P1 ("S0F IV" or the "Fund") is being formed by Glendower Capital ("GC"): • An independent secondary manager spun-off from Deutsche Asset Management in August 2017 • fully owned by its partners who worked together

13x 5. Invested Capital 6suibutr0(DPO lax 2 Ix 1.h 0.34 094 Carded Interest: Net IRR 22% 29% 20% 30% 23% 12.5% or a whole fund basis Praire; car trib.ted carrel 76% 51% 42% 44% Hurdle rate: Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds perfo

econdary Opportunities Fund IV, LP The Offering Glendower Capital Secondary Opportunities Fund IV, 1P1 ("S0F IV" or the "Fund") is being formed by Glendower Capital ("GC"): • An independent secondary manager spun-off from Deutsche Asset Management in August 2017 • fully owned by its partners who worked together

. 5. Invested Capital Net 6•10butriffDPO lax 21. lb 03* 09. Carded Interest: Net IRR 22% 29% 20% 30% 23% 12.S% or a whole fund basis Praire; car to% 'et! carrel 16% 51% 11% 44% Hurdle rate: Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds perfo

econdary Opportunities Fund IV, LP The Offering Glendower Capital Secondary Opportunities Fund IV, 1P1 ("S0F IV" or the "Fund") is being formed by Glendower Capital ("GC"): • An independent secondary manager spun-off from Deutsche Asset Management in August 2017 • fully owned by its partners who worked together

x 5. Invested Capital 6suibutr0(DPO lax 2 Ix 1.h 0.34 094 Carried Interest: Net IRR 22% 2916 20% 30% 23% 12.5% or a whole fund basis Praire; car trib.ted capr.31 76% 51% 12% 44% Hurdle rate: Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds perf

econdary Opportunities Fund IV, LP The Offering Glendower Capital Secondary Opportunities Fund IV, 1P1 ("S0F IV" or the "Fund") is being formed by Glendower Capital ("GC"): • An independent secondary manager spun-off from Deutsche Asset Management in August 2017 • fully owned by its partners who worked together

5114912,837 t/S$15.40ri Net roultyle (TWO 18. 23x 1.5. 13. 5. Net ilsulbutrif(DPO lax 21. 12* 034 09. Net IRR 22% 29% 20% 30% 23% Praire; car lob. 'et! carrel 16% 51% 11% 44% Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds performancew vscm

econdary Opportunities Fund IV, LP The Offering Glendower Capital Secondary Opportunities Fund IV, 1P1 ("S0F IV" or the "Fund") is being formed by Glendower Capital ("GC"): • An independent secondary manager spun-off from Deutsche Asset Management in August 2017 • fully owned by its partners who worked together

c Strong and consistent track record2 lurd Vrt.ht fdevetopmenesto5r, Further Trtr-auens. %or% torpsion't her mac* (TWO 6•10butrO(DPO Net IRR Praire; car tol% 'et! capr.31 SOF 2006 thorwescrtgj US5S65r 2111541:.774 18. lax 22% SCC 0' 2010 Mann:AGO 1./S$14/r, 1/28/193 2 3. 2 I. 29%