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

n summary as of September 30, 2017 Project name Sourcing 1- Porter 2- Fitzgerald II 3- Malcolm 4- Costa 5- Diamond 6- Mozart 7- Leibovitz 8- Pascoli 9- Clegane 10- Steinbeck II 11- Minnow 12- Neon 13- Gonzaga 14- Drive 15- Flute 16- Iskar 17- Bosch 18- Staccato 19- Rose 20- Janos 21-

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

n summary as of September 30, 2017 Project name Sourcing 1- Porter 2- Fitzgerald II 3- Malcolm 4- Costa 5- Diamond 6- Mozart 7- Leibovitz 8- Pascoli 9- Clegane 10- Steinbeck II 11- Minnow 12- Neon 13- Gonzaga 14- Drive 15- Flute 16- Iskar 17- Bosch 18- Staccato 19- Rose 20- Janos 21-

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

n summary as of September 30, 2017 Project name Sourcing 1- Porter 2- Fitzgerald II 3- Malcolm 4- Costa 5- Diamond 6- Mozart 7- Leibovitz 8- Pascoli 9- Clegane 10- Steinbeck II 11- Minnow 12- Neon 13- Gonzaga 14- Drive 15- Flute 16- Iskar 17- Bosch 18- Staccato 19- Rose 20- Janos 21-

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

n summary as of September 30, 2017 Project name Sourcing 1- Porter 2- Fitzgerald II 3- Malcolm 4- Costa 5- Diamond 6- Mozart 7- Leibovitz 8- Pascoli 9- Clegane 10- Steinbeck II 11- Minnow 12- Neon 13- Gonzaga 14- Drive 15- Flute 16- Iskar 17- Bosch 18- Staccato 19- Rose 20- Janos 21-