Epstein Secrets

in Capital; IRR = Internal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01398169 Greg Martin Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%

compliant valuation policy — General Partner share and carried interest disclosure — Detailed due diligence provided LP = limited partner; ILPA = Institutional Limited Partner Association. The full guidelines can be found at http://ilpa.org/principles-version-2-0/. STRICTLY CONFIDENTIAL 44 EFTA01398215 Greg Martin Contents 1 I

ernal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01396809 GLDUS126 Pacific Life Insurance Co Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%

compliant valuation policy — General Partner share and carried interest disclosure — Detailed due diligence provided LP = limited partner; ILPA = Institutional Limited Partner Association. The full guidelines can be found at http://ilpa.org/principles-version-2-0/. STRICTLY CONFIDENTIAL 44 EFTA01396855 GLDUS126 Pacific Life Insur

RR = Internal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01397482 GLDUS127 Annandale Capital Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%

compliant valuation policy — General Partner share and carried interest disclosure — Detailed due diligence provided LP = limited partner; ILPA = Institutional Limited Partner Association. The full guidelines can be found at http://ilpa.org/principles-version-2-0/. STRICTLY CONFIDENTIAL 44 EFTA01397528 GLDUS127 Annandale Capital

tal; IRR = Internal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01396132 GLDUS125 Gerald Ford Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%

compliant valuation policy — General Partner share and carried interest disclosure — Detailed due diligence provided LP = limited partner; ILPA = Institutional Limited Partner Association. The full guidelines can be found at http://ilpa.org/principles-version-2-0/. STRICTLY CONFIDENTIAL 44 EFTA01396178 GLDUS125 Gerald Ford Conte