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of safety Purchased 350+ mature fund interests at a discount over 10 years: ■ Average 20% discount to FMV ■ Average —80% funded at time of entry Francesco Rigamonti 18 Senior Advisor — London Deutsche Bank; Gallo & Co. EFTA01395063 GLDUS183 Dimension Capital Management Strictly Confidential Endnotes (1)
L.P. will invest substantially all of its investable assets into Glendower Capital Secondary Opportunities Fund IV, L.P. (the "Underlying Fund"). ACCESS & UNDERLYING FUND TERMS ACCESS FUND GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. GENERAL PARTNER Glendower Access Secondary Opportunities IV GP, LLC
of safety Purchased 350+ mature fund interests at a discount over 10 years: ■ Average 20% discount to FMV ■ Average —80% funded at time of entry Francesco Rigamonti 18 Senior Advisor — London Deutsche Bank; Gallo & Co. EFTA01395728 GLDUS143 Henry Nicholas Strictly Confidential Endnotes (1) Glendower Capi
L.P. will invest substantially all of its investable assets into Glendower Capital Secondary Opportunities Fund IV, L.P. (the "Underlying Fund"). ACCESS & UNDERLYING FUND TERMS ACCESS FUND GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. GENERAL PARTNER Glendower Access Secondary Opportunities IV GP, LLC
of safety Purchased 350+ mature fund interests at a discount over 10 years: ■ Average 20% discount to FMV ■ Average —80% funded at time of entry Francesco Rigamonti 18 Senior Advisor — London Deutsche Bank; Gallo & Co. EFTA01397428 GLDUS127 Annandale Capital Strictly Confidential Endnotes (1) Glendower C
L.P. will invest substantially all of its investable assets into Glendower Capital Secondary Opportunities Fund IV, L.P. (the "Underlying Fund"). ACCESS & UNDERLYING FUND TERMS ACCESS FUND GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. GENERAL PARTNER Glendower Access Secondary Opportunities IV GP, LLC
of safety Purchased 350+ mature fund interests at a discount over 10 years: ■ Average 20% discount to FMV ■ Average —80% funded at time of entry Francesco Rigamonti 18 Senior Advisor — London Deutsche Bank; Gallo & Co. EFTA01396755 GLDUS126 Pacific Life Insurance Co Strictly Confidential Endnotes (1) Gle
L.P. will invest substantially all of its investable assets into Glendower Capital Secondary Opportunities Fund IV, L.P. (the "Underlying Fund"). ACCESS & UNDERLYING FUND TERMS ACCESS FUND GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. GENERAL PARTNER Glendower Access Secondary Opportunities IV GP, LLC
Entities connected to both Francesco Rigamonti and ACCESS & UNDERLYING FUND

Prince Charles
PERSONCharles Smith
PERSONGlendower
LOCATIONAdam Graev
PERSONDeirdre Davies
PERSONSOF IV
ORGANIZATIONChi Cheung
PERSONthe Glendower SOF Team's
ORGANIZATIONPomona
LOCATION
J. Robert Oppenheimer
PERSON
General Electric
ORGANIZATION
Bankers Trust
ORGANIZATION
Financial Services
ORGANIZATION
Abu Dhabi
LOCATIONABN Amro
ORGANIZATIONGuernsey
LOCATIONDeutsche Bank Securities Inc.
ORGANIZATIONthe Securities Commission
ORGANIZATIONthe Private Placement Memorandum
ORGANIZATIONHistorical
ORGANIZATION