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149 144 129 100 92 50 67 48 11 0 20 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 iiimrtmairoain " Greenhill Cogent Secondary Market Trends & Oileok January 2016 2017 Prozpon Global Private Equity 8 Verdure Captor Report - lorreate Equity and Venture Coda] Unrealized Value by Fund Vintage Year as
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149 144 129 100 92 50 67 48 11 0 20 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 iiimrtmairoain " Greenhill Cogent Secondary Market Trends & Oileok January 2016 f' 2017 Preps Global Private Equity 8 Verdure Centel Report - Private Equity and Venture Coda] Unrealized Value by Fund Vintage Year a
Poesy Osre asa 80% 93% 2C0608 Oncosts 40% 43% VrnoI instaatiens 12% Aug Wrist., /Po le% 20% • <2006 PIIKIISIS 0% 2016 2017 0.koc Penvens SW! 24% Emergence of tail-end sales There has been a recent emergence of traditional secondary buyers and funds-of-funds entering the market as s
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mly Gat. arm BD% 643% 2036.06 Procne* 40% 43% Franoal instaatiens 12% 20% Asset leIneger /Ca 11% •2006 PM-00SI' 0% 2316 2017 0.koc Penvens SW! 24% Emergence of tail-end sales There has been a recent emergence of traditional secondary buyers and funds-of-funds entering the market as s
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