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star) 055614m 1451.654r /9/ 75/ 737 15/149/2.837 1.h 20% 76% 51% 42% 13x 0.3x 30% 44% Consistent top returns among peers: SOF Funds vs Cambridge Associates' seconda ry funds performancemg secohda, %rah hetIRR., t. ... j . J C.“14,Thefuncf Nee abaft.* to Mated partnet0 OX WO. MD 3,3 • Y!. VNi I
ent: MM 1% of total fund sire Contacts: Caro Pirrio-E;roli Managirg Partner & CEO 4.44.2C-3947-7CC1 carlo.oirzio.birotifaelendowercaoital.corn Smitn Managing Partner & CIO 444.2C-3947.70C2 charges setthfioglendowercaoital con"( Joshua C Laser Partner. Client Relaticrs +1-212-653.8402 josh.g
% 23% 12.5% or a whole fund basis Peak re: cart/4,4,4d capr4I 76% 51% 12% 44% Hurdle rate: Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds performancew iwt i RR to InKt• y 'u Wt Ne:inultilk to irote4 hirtnet0 o'N Wr 14o • 0.1 S • I •, I • 03 ie w r A y r i.
inekgrion on fiisliCrite Of tut002 fr30t0. 8% Team commitment: Min 1% of total fund size Contacts: Can° Pirric-E;roli Manaflire Partner & CEO Smitn Managing Partner & CIO lost ia C G aser Partner. Client Relaticrs CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0094714 CONFIDENTIAL
Ix 1.h 0.3x 09. Net IRR 22% 1976 20% 30% 23% Pea re:car tnla.rdc.a, 75% 51% 41% 44% Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondaryfunds performance mg Vats hetIRR., tr j C•ctaiodia fano f Nee abaft.* to Mated pirtnet0 OX V. • MD Y!. VNi I 4 2 I • • ; Oa
ent: MM 1% of total fund sire Contacts: Caro Pirrio-E;roli Managirg Partner & CEO 4.44.2C-3947-7CC1 carlo.oirzio.birotifaelendowercaoital.corn Smitn Managing Partner & CIO 444.2C-3947.70C2 charges setthfioglendowercaoital con"( Joshua C Laser Partner. Client Relaticrs +1-212-653.8402 josh.g
Entities connected to both Cambridge Associates' and Smitn
Glendower
LOCATIONSOF IV
ORGANIZATIONSecondary Opportunities Fund IV
ORGANIZATIONDeutsche Asset & Wealth Management
ORGANIZATIONGlendower Capital
ORGANIZATIONPartner & CIO
ORGANIZATIONRelaticrs
PERSONJoshua C Laser
ORGANIZATIONIcrento
ORGANIZATIONManagirg Partner &
ORGANIZATIONCaro Pirrio-E;roli
PERSON