Epstein Secrets

% 23% 12.5% or a whole fund basis Praire; car trib.ted carrel 76% 51% 42% 44% Hurdle rate: Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds performancew twt I RR Irii:ec pa:WES SA.03“:d. y 'u Wt Ne:riultik to kruted pinnet0 SOF 2006 thoretscro US$565r SCf 0' 2010

13x 5. Invested Capital 6suibutr0(DPO lax 2 Ix 1.h 0.34 094 Carded Interest: Net IRR 22% 29% 20% 30% 23% 12.5% or a whole fund basis Praire; car trib.ted carrel 76% 51% 42% 44% Hurdle rate: Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds perfo

% 23% 12.S% or a whole fund basis Praire; car to% 'et! carrel 16% 51% 11% 44% Hurdle rate: Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds performancew twt i RR Irii:tc pa:WES S•03“: do y 'voids Ne:multik to kruted ;mimes' %I.P•Ift O.-; • • • • m a u. er t. Is

. 5. Invested Capital Net 6•10butriffDPO lax 21. lb 03* 09. Carded Interest: Net IRR 22% 29% 20% 30% 23% 12.S% or a whole fund basis Praire; car to% 'et! carrel 16% 51% 11% 44% Hurdle rate: Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds perfo

23% 12.5% or a whole fund basis Praire; car trib.ted capr.31 76% 51% 12% 44% Hurdle rate: Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds performancew pa:WES SA.03.;:e. y 'void Ne:inultilk to kruted pig:WO nro•Ift l! . 03 ie w r A y r i. t, a :4 %di nn. s>

x 5. Invested Capital 6suibutr0(DPO lax 2 Ix 1.h 0.34 094 Carried Interest: Net IRR 22% 2916 20% 30% 23% 12.5% or a whole fund basis Praire; car trib.ted capr.31 76% 51% 12% 44% Hurdle rate: Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds perf

12* 034 09. Net IRR 22% 29% 20% 30% 23% Praire; car lob. 'et! carrel 16% 51% 11% 44% Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds performancew vscm. nu, twt i RR Irii:tc pa:frets SrO3 r: do y ' void S Net inultik to 0-..ted wines' nro•Ift O.-; • • • • 0

5114912,837 t/S$15.40ri Net roultyle (TWO 18. 23x 1.5. 13. 5. Net ilsulbutrif(DPO lax 21. 12* 034 09. Net IRR 22% 29% 20% 30% 23% Praire; car lob. 'et! carrel 16% 51% 11% 44% Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds performancew vscm

. 1.h 20% Sef 7014 (earystor) 1,551.654m 1./5$),440n 15/:49/2%37 13x 0.3. 30% 42% 44% Consistent top returns among peers: SOF Funds vs Cambridge Associates' secondary funds performancew twt I RR IroKtc pa:WES y 'u Wt Ne:inultilk to knot ;mimes' • r• • j • • 03 ie w r A y r i. t, a :4 nro•I

c Strong and consistent track record2 lurd Vrt.ht fdevetopmenesto5r, Further Trtr-auens. %or% torpsion't her mac* (TWO 6•10butrO(DPO Net IRR Praire; car tol% 'et! capr.31 SOF 2006 thorwescrtgj US5S65r 2111541:.774 18. lax 22% SCC 0' 2010 Mann:AGO 1./S$14/r, 1/28/193 2 3. 2 I. 29%