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OLOUS238 SOUTHERN FINANCIAL LLC Section 2: Investment Performance Glendower Capital Secondary Opportunities Fund IV, LP In Exhibit 2 each of SOF. SOF D. SOF II and SOF III is benchinarked against its vintage peer group reported in the Cambridge Associates Secondaries Benchmark statistics (September 30, 2017
record or the Glendower SOF Team There can be no assurance that SOF af win achieve canceratle MEd% co that any target resultswill be acheved DPI = DistrOutions to Paid-in Capital. RVOI = Residual Value to Peel- In Capital. TVPI = Total Value to Paid in Capital ' 4 Source' Cambridge Associates Global Buyou
OLOUS238 SOUTHERN FINANCIAL LLC Section 2: Investment Performance Glendower Capital Secondary Opportunities Fund IV, LP In Exhibit 2 each of SOF. SOF D. SOF II and SOF III is benchinarked against its vintage peer group reported in the Cambridge Associates Secondaries Benchmark statistics (September 30, 2017
record or the Glendower SOF Team There can be no assurance that SOF af win achieve canceratle MEd% co that any target resultswill be acheved DPI = DistrOutions to Paid-in Capital. RVOI = Residual Value to Peel- In Capital. TVPI = Total Value to Paid in Capital ' 4 Source' Cambridge Associates Global Buyou
OLOUS238 SOUTHERN FINANCIAL LLC Section 2: Investment Performance Glendower Capital Secondary Opportunities Fund IV, LP In Exhibit 2 each of SOF. SOF D. SOF II and SOF III is benchinarked against its vintage peer group reported in the Cambridge Associates Secondaries Benchmark statistics (September 30, 2017
record or the Glendower SOF Team There can be no assurance that SOF af win achieve canceratle MEd% co that any target resultswill be acheved DPI = DistrOutions to Paid-in Capital. RVOI = Residual Value to Peel- In Capital. TVPI = Total Value to Paid in Capital ' 4 Source' Cambridge Associates Global Buyou
Entities connected to both SOF D. SOF II and DistrOutions
Glendower
LOCATIONCambridge Associates Secondary Fund Benchmark
ORGANIZATIONthe Cambridge Associates Global Buyout Benchmark
ORGANIZATIONSOF W
ORGANIZATIONDfeCktell
ORGANIZATIONSCF ha& RYPI
ORGANIZATIONIrripatant Pet matte Information
ORGANIZATION