Epstein Secrets

8 2009 2010 2011 2012 2013 2014 2015 2016 2017 GP-led secondaries GP-led secondaries as % of total (1) Source: Glendower Capital analysis based on Greenhill Secondary Market Trends & Outlook, January 2018; and Dow Jones Private Equity Analyst Guide to the Secondary Market, June 2017. STRICTLY CONFIDENTIAL 35 2.7 2.7

an Roome 3 Associate, London 2 years with the team Louise Schoeman 10 EFTA01398165 Vice President, Finance, London Re-joined team in 2017 Devrup Banerjee 9 Vice President, London 5 years with the team Doug O'Connell 3 Associate, New York Joined in 2017 Katherine Weaver 15 Principal, Funds C

8 2009 2010 2011 2012 2013 2014 2015 2016 2017 GP-led secondaries GP-led secondaries as % of total (1) Source: Glendower Capital analysis based on Greenhill Secondary Market Trends & Outlook, January 2018; and Dow Jones Private Equity Analyst Guide to the Secondary Market, June 2017. STRICTLY CONFIDENTIAL 35 2.7 2.7

an Roome 3 Associate, London 2 years with the team Louise Schoeman 10 EFTA01396805 Vice President, Finance, London Re-joined team in 2017 Devrup Banerjee 9 Vice President, London 5 years with the team Doug O'Connell 3 Associate, New York Joined in 2017 Katherine Weaver 15 Principal, Funds C

8 2009 2010 2011 2012 2013 2014 2015 2016 2017 GP-led secondaries GP-led secondaries as % of total (1) Source: Glendower Capital analysis based on Greenhill Secondary Market Trends & Outlook, January 2018; and Dow Jones Private Equity Analyst Guide to the Secondary Market, June 2017. STRICTLY CONFIDENTIAL 35 2.7 2.7

an Roome 3 Associate, London 2 years with the team Louise Schoeman 10 EFTA01397478 Vice President, Finance, London Re-joined team in 2017 Devrup Banerjee 9 Vice President, London 5 years with the team Doug O'Connell 3 Associate, New York Joined in 2017 Katherine Weaver 15 Principal, Funds C

8 2009 2010 2011 2012 2013 2014 2015 2016 2017 GP-led secondaries GP-led secondaries as % of total (1) Source: Glendower Capital analysis based on Greenhill Secondary Market Trends & Outlook, January 2018; and Dow Jones Private Equity Analyst Guide to the Secondary Market, June 2017. STRICTLY CONFIDENTIAL 35 2.7 2.7

an Roome 3 Associate, London 2 years with the team Louise Schoeman 10 EFTA01396128 Vice President, Finance, London Re-joined team in 2017 Devrup Banerjee 9 Vice President, London 5 years with the team Doug O'Connell 3 Associate, New York Joined in 2017 Katherine Weaver 15 Principal, Funds C