Epstein Secrets

Carlo Pirzio-Biroli 21 EFTA01395062 Managing Partner, CEO — London Deutsche Bank; CDB Web Tech; General Electric; The Boston Consulting Group Deirdre Davies 16 Partner, COO — London Deutsche Bank; ABN Amro; KPMG Relevant Years of experience Please refer to the endnotes on p.3 for additional informat

arly stage) US$1,654m 29 / 75 / 737 35 / 149 / 2,837 1.5x 1.2x 20% 42% 1.3x 0.3x 30% 44% Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds performance5,6,7 Secondary funds: Net IRRto limited partners8 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 04 05 Upper Qu

Carlo Pirzio-Biroli 21 EFTA01395727 Managing Partner, CEO — London Deutsche Bank; CDB Web Tech; General Electric; The Boston Consulting Group Deirdre Davies 16 Partner, COO — London Deutsche Bank; ABN Amro; KPMG Relevant Years of experience Please refer to the endnotes on p.3 for additional informat

arly stage) US$1,654m 29 / 75 / 737 35 / 149 / 2,837 1.5x 1.2x 20% 42% 1.3x 0.3x 30% 44% Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds performance5,6,7 Secondary funds: Net IRRto limited partners8 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 04 05 Upper Qu

Carlo Pirzio-Biroli 21 EFTA01397427 Managing Partner, CEO — London Deutsche Bank; CDB Web Tech; General Electric; The Boston Consulting Group Deirdre Davies 16 Partner, COO — London Deutsche Bank; ABN Amro; KPMG Relevant Years of experience Please refer to the endnotes on p.3 for additional informat

arly stage) US$1,654m 29 / 75 / 737 35 / 149 / 2,837 1.5x 1.2x 20% 42% 1.3x 0.3x 30% 44% Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds performance5,6,7 Secondary funds: Net IRRto limited partners8 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 04 05 Upper Qu

Carlo Pirzio-Biroli 21 EFTA01396754 Managing Partner, CEO — London Deutsche Bank; CDB Web Tech; General Electric; The Boston Consulting Group Deirdre Davies 16 Partner, COO — London Deutsche Bank; ABN Amro; KPMG Relevant Years of experience Please refer to the endnotes on p.3 for additional informat

arly stage) US$1,654m 29 / 75 / 737 35 / 149 / 2,837 1.5x 1.2x 20% 42% 1.3x 0.3x 30% 44% Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds performance5,6,7 Secondary funds: Net IRRto limited partners8 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 04 05 Upper Qu

Pomona; Lehman Brothers; Chatterjee/Soros; Cowen BA, Colgate University Chi Cheung 20 Partner — London Deutsche Bank MA, Cambridge University Deirdre Davies 16 Joshua Glaser 22 Partner, COO — London Deutsche Bank; ABN Amro; KPMG BCom, KZN University, South Africa; CA (SA) Partner, Client Coverage —

in Capital; IRR = Internal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01398169 Greg Martin Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%

Pomona; Lehman Brothers; Chatterjee/Soros; Cowen BA, Colgate University Chi Cheung 20 Partner — London Deutsche Bank MA, Cambridge University Deirdre Davies 16 Joshua Glaser 22 Partner, COO — London Deutsche Bank; ABN Amro; KPMG BCom, KZN University, South Africa; CA (SA) Partner, Client Coverage —

ernal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01396809 GLDUS126 Pacific Life Insurance Co Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%

Pomona; Lehman Brothers; Chatterjee/Soros; Cowen BA, Colgate University Chi Cheung 20 Partner — London Deutsche Bank MA, Cambridge University Deirdre Davies 16 Joshua Glaser 22 Partner, COO — London Deutsche Bank; ABN Amro; KPMG BCom, KZN University, South Africa; CA (SA) Partner, Client Coverage —

RR = Internal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01397482 GLDUS127 Annandale Capital Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%

Pomona; Lehman Brothers; Chatterjee/Soros; Cowen BA, Colgate University Chi Cheung 20 Partner — London Deutsche Bank MA, Cambridge University Deirdre Davies 16 Joshua Glaser 22 Partner, COO — London Deutsche Bank; ABN Amro; KPMG BCom, KZN University, South Africa; CA (SA) Partner, Client Coverage —

tal; IRR = Internal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01396132 GLDUS125 Gerald Ford Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%