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GLOUS238 SOUTHERN FINANCIAL LLC Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance' 7'3 Secondary funds: Net IRR4 to limited partners Secondary funds: Net multiples to limited partners 50% - 45% - 40%
rt its based on the watched results of SOF, SOF 0, -SOF II and SOF !C as vi September :SD. 2017 and should be read and renewed in L-onjteriction with the 'Important Information" and "Naas to irviestinent Performance Int rnabon' sections of this dut meent (31 Paal peeks mance is rat a prediction of the future perlornmeeté o
GLDUS238 SOUTHERN FINANCIAL LLC Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance' 7'3 Secondary funds: Net IRR4 to limited partners Secondary funds: Net multiples to limited partners 50% - 45% - 40%
is chair le based on the waialteg fevers of SOF, SOF 0. SOF II and SOF In as vi September 3D. 2017 and stculd be read and wenn/ad in con)tettion with the 'Important Information" and Wes to investinent Pertramance Int rnation' sections of this 40cOnlielt (31 Past performance is rat a faerhotion of the future I>0110fOtert6 e
GLDUS124 BBR Partners Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance' 7'3 Secondary funds: Net IRR4 to limited partners Secondary funds: Net multiples to limited partners 50% - 45% - 40%
chart ie based an the uraudted results of SOF, SOF 0. SOF II and SOF lit as crt September :SD. 2017 and &'culd be read and renewed in conµ^xlion with the 'Important Information" and Nals to investinent Performance Int rnat-on' sections of this 40c0nlielt (31 Past peeks mars e is rat a prediction of the future I>0110fOtert6
GLOUS142 Ironsides Asset Mgmt Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance' 7'3 Secondary funds: Net IRR4 to limited partners Secondary funds: Net multiples to limited partners 50% - 45% - 40%
esented in this chair is based on the results of SOF, SOF 0. SOF II and SOF c,4 September 3D. 2017 and st d be read and renewed in conjtettion with the 'Important Information" so* Nalii investinent Perframance Int rnation' sections of Otis tiOciallignt (31 Past performance is iv.* a perhotion of the future 1:4100f012t41
Entities connected to both Cambridge Associates' and the 'Important Information