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icholas Section 1: Executive Summery Glendower Capital Secondary Opportunities Fund IV. LP Established track record"• 2° As of September 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and
e Glendower Capita* proprietary information The Ceulune Bath proprietary private equty restructunng took dace between 2003 and 2006 Chanel Smith and Carlo Pirtioaroli played a rote alongside other Deutsche Bank cdleagues in the transactions that contributed to the dispassion of Deutsche &inlet, proprietary pnvate
ld Ford Section 1: Executive Summary Glendower Capital Secondary Opportunities Fund IV, LP Established track record"• 2° As of September 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and
Glendower Captors proprietary information The Deutsche Bark proprietary private equty restructunng took pace between X03 and 2006 Charles Smith and Carlo Pirtioaroli played a rote alongside ether Deutsche Bank cdleagues in the transactions that comnbuted to the dispassion of Deutsche Bank's proprietary pnvate equ
Martin Section 1: Execultre Summary Glendower Capital Secondary Opportunities Fund IV, LP Established track record"• 2° As of September 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and
ndower Capitals proprietary information The Deuter.he Bark proprietary private equty restructunng took place between 2CO3 and 2006 Charles Smith and Carlo Pirtioaroli played a rote alongside ether Deutsche Bank cdleagues in the trans.adons that coMnbuted to the dispassion of Deutsche Bank's proprietary pnvate equi
Capital Section 1: ExeCulive Surn•ry Glendower Capital Secondary Opportunities Fund IV, LP Established track record"• 2° As of September 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and
Glendower Capitals proprietary information The Demsone Bark proprietary private equty restructunng took dace between X03 and 2006 Charles Smith and Carlo Pirtioaroli played a rote alongside other Deutsche Bank cdleagues in the Bansactiors that comnbuted to the dispassion ci Deutsche Bank's proprietary pnvate equi
rprises Section 1: ExeCuero Summary Glendower Capital Secondary Opportunities Fund IV. LP Established track record19• 2° As of September 30, 2017 the SOF Program has delivered a strong performance with aggregate gross performance since inception of 1.6x gross multiple and 28% IRR (Internal Rate of Return) and
e Glendower Captors proprietary information The Dedsone Bark proprietary envie equty restructunng took dace between 21:03 and 2006 Charles Smith and Carlo Pirtioaroli played a rote alongside other Deutsche Bank cdleagues in the transactions that comnbuted to the dispassion of Deutsche Bank's proprietary pnvate equ
Entities connected to both the SOF Program and Carlo Pirtioaroli

Prince Charles
PERSONCharles Smith
PERSONGlendower Capital
ORGANIZATIONthe SOF Team
ORGANIZATIONInternal Rate of Return
ORGANIZATIONDeirdre Davies
PERSONJoshua Glaser
PERSON
Deutsche Bank
ORGANIZATIONSOF H
ORGANIZATION
Josh Brolin
PERSONCarlo Pirao
PERSONAdam Greer
PERSONthe SOF Furds
ORGANIZATIONCh Cheung
PERSONAdam Grater Name
PERSON