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

Milan Univ. Elena Smirnova 7 Vice President, London 2 years with the team Helena Turley 12 Client Relations, London Re-joined team in 2017 Maria Gianoli-Franklin 10 Executive Assistant New York Joined in 2017 STRICTLY CONFIDENTIAL 15 EFTA01398167 Greg Martin Established track record SOF Funds as of

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

Milan Univ. Elena Smirnova 7 Vice President, London 2 years with the team Helena Turley 12 Client Relations, London Re-joined team in 2017 Maria Gianoli-Franklin 10 Executive Assistant New York Joined in 2017 STRICTLY CONFIDENTIAL 15 EFTA01396807 GLDUS126 Pacific Life Insurance Co Established track r

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

Milan Univ. Elena Smirnova 7 Vice President, London 2 years with the team Helena Turley 12 Client Relations, London Re-joined team in 2017 Maria Gianoli-Franklin 10 Executive Assistant New York Joined in 2017 STRICTLY CONFIDENTIAL 15 EFTA01397480 GLDUS127 Annandale Capital Established track record S

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

Milan Univ. Elena Smirnova 7 Vice President, London 2 years with the team Helena Turley 12 Client Relations, London Re-joined team in 2017 Maria Gianoli-Franklin 10 Executive Assistant New York Joined in 2017 STRICTLY CONFIDENTIAL 15 EFTA01396130 GLDUS125 Gerald Ford Established track record SOF Fun