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I. STRICTLY CONFIDENTIAL FOR INVESTMENT PROFESSIONAL AND QUALIFIED INVESTOR USE ONLY 6 EFTA01398152 IIIIIIIIIIIkre g Martin Glendower Capital Secondary Opportunities Fund IV, LP 2nd QUARTER 2018 ACCREDITED INVESTORS AND QUALIFIED PURCHASERS ONLY STRICTLY CONFIDENTIAL EFTA01398153 Greg Martin Disclaimer This confi

compliant valuation policy — General Partner share and carried interest disclosure — Detailed due diligence provided LP = limited partner; ILPA = Institutional Limited Partner Association. The full guidelines can be found at http://ilpa.org/principles-version-2-0/. STRICTLY CONFIDENTIAL 44 EFTA01398215 Greg Martin Contents 1 I

Y CONFIDENTIAL FOR INVESTMENT PROFESSIONAL AND QUALIFIED INVESTOR USE ONLY 6 EFTA01396792 GLDUS126 Pacific Life Insurance Co Glendower Capital Secondary Opportunities Fund IV, LP 2nd QUARTER 2018 ACCREDITED INVESTORS AND QUALIFIED PURCHASERS ONLY STRICTLY CONFIDENTIAL EFTA01396793 GLDUS126 Pacific Life Insurance Co

compliant valuation policy — General Partner share and carried interest disclosure — Detailed due diligence provided LP = limited partner; ILPA = Institutional Limited Partner Association. The full guidelines can be found at http://ilpa.org/principles-version-2-0/. STRICTLY CONFIDENTIAL 44 EFTA01396855 GLDUS126 Pacific Life Insur

STRICTLY CONFIDENTIAL FOR INVESTMENT PROFESSIONAL AND QUALIFIED INVESTOR USE ONLY 6 EFTA01397465 GLDUS127 Annandale Capital Glendower Capital Secondary Opportunities Fund IV, LP 2nd QUARTER 2018 ACCREDITED INVESTORS AND QUALIFIED PURCHASERS ONLY STRICTLY CONFIDENTIAL EFTA01397466 GLDUS127 Annandale Capital Disclai

compliant valuation policy — General Partner share and carried interest disclosure — Detailed due diligence provided LP = limited partner; ILPA = Institutional Limited Partner Association. The full guidelines can be found at http://ilpa.org/principles-version-2-0/. STRICTLY CONFIDENTIAL 44 EFTA01397528 GLDUS127 Annandale Capital

DBSI. STRICTLY CONFIDENTIAL FOR INVESTMENT PROFESSIONAL AND QUALIFIED INVESTOR USE ONLY 6 EFTA01396115 GLDUS125 Gerald Ford Glendower Capital Secondary Opportunities Fund IV, LP 2nd QUARTER 2018 ACCREDITED INVESTORS AND QUALIFIED PURCHASERS ONLY STRICTLY CONFIDENTIAL EFTA01396116 GLDUS125 Gerald Ford Disclaimer T

compliant valuation policy — General Partner share and carried interest disclosure — Detailed due diligence provided LP = limited partner; ILPA = Institutional Limited Partner Association. The full guidelines can be found at http://ilpa.org/principles-version-2-0/. STRICTLY CONFIDENTIAL 44 EFTA01396178 GLDUS125 Gerald Ford Conte