Epstein Secrets

% Fray Ob. arm 60% 66% 2606.06 Pre.crisa 40% 43% VrnoI instaatiens 12% 20% • Asset 14Ineger 11% <2006 PM-COSI' 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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Fray 0114. arm BD% 66% 210606 Pre.crise 40% 43% Franoal instaatiens 12% 20% • Asset 14Ineger le% <2006 PM-COSI' 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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nd N, LP Exhibit 14: 2017: Seller composition breakdowno Exhibit 15: Funds marketed by vintage General Pones 24% VrnoI instaatiens 12% 0.koc Penvens SW! 24% Emergence of tail-end sales Prey Obi/ arm Asset Meager le% 100% - 2016 >20013 Post-onus 410% • 39% BD% 443% 210606 Procne* 40%

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rmly OOP aria 60% Se% 203666 Precasts 40% 43% VrnoI instaatiens 12% 20% • Asset 14Ineger fcf 11% <2006 PM-COSI' 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

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y Gas aue au /30% .93% 200606 Precast; 40% 43% VrnoI instaatiens 12% Asset 14Ineger fcf 20% 11% •2006 PM-COSI' 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

9 144 129 100 92 50 67 48 S 11 0 zo 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 iiimrtmairoain " Greenhill Cogent Secondary Market Trends 8 Ouleok January 2018 f' 2017 Preps Glotel Pena* Equity 8 Verdure Captal Report - Private Equity and Venture Cispdai Unrealized Value by Fund

24% Fray 064. arm 60% Se% 20:36.06 Theorise 40% 43% VrnoI instaatiens 12% Asset repot 20% • 11% <2006 PM-COSI' 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

9 144 129 100 92 50 67 48 S 17 0 20 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 iiimrtmairoain " Greenhill Cogent Secondary Market Trends 8 Oilcok January 2016 f' 2017 Preps Glotel Pena* Equity 8 Venture Centel Report - Prwate Equity and Venture Cispdal Unrealized Value by Fund