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Capital 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
is information Past performance of the SOF Funds is net a prediction of their future performance or that d the Fund Carlo Pero-Bach, Charles Smith. Ch Cheung and Deirdre Davies have worked together since 2003 Adam Greer became part or the SOF Team in 2607 and Joshua Glaser in 2013 rt Source Glendower Ca
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
information Past performance of the SOF Funds is rot a prediction of their future performance or that ci the Fund Carlo Prziciairdi, Charles Smith. Ch Cheung and Deirdre Davies have worked together since 2003 Adam Grater Name part of the SOF Team in 2007 and Joshua Glaser in 2013 rt Source Glendower Cap
Warren Section 1: Executive 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
this information Past perthimance of the SOF Funds a rot a prediction of their Mule performance or that ci the Fund Carla Pero-Bock Charles Smith. Ch Cheung and Deirdre Davies twee waked together since 2003 Adam Grater Name part of the SOF Team in 2007 and Joshua Glaser in 2013 rt Source Glendower Cant
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
s information Past performance of the SOF Funds is nct a prediction of their future performance or that d the Fund Carlo Pero-Birth, Charles Smith. Ch Cheung and Deirdre Davies have worked together since 2003 Adam Grater Name part of the SOF Team in 2007 and Joshua Glaser in 2013 rt Source Glendower Cap
Entities connected to both the SOF Program and Ch Cheung

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
PERSONCarlo Pirtioaroli
PERSONAdam Grater Name
PERSONBansactiors
PERSON