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GLOUS238 SOUTHERN FINANCIAL LLC Scotian 2: Investment Performance Glendower Capital Secondary Opportunities Fund IV, LP Lastly, in Exhibit 5 the SOF Program is compared against public market indexes including the
generated based on the growth of the total ndex Net iRIR is calmasted using the cashflows repeated in the tridex and the theoretical ternvnal value Recaaabae clistrOLItos have been treated temp the all wi method' Confidential Prrvate Placement Memorandum 11 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(
GLOUS238 SOUTHERN FINANCIAL LLC Scotian 2: Investment Performance Glendower Capital Secondary Opportunities Fund IV, LP Lastly, in Exhibit 5 the SOF Program is compared against public market indexes including the
generated based on the growth of the total ndex Net iRIR is calmasted using the cashflows repeated in the tridex and the theoretical ternvnal value Recaaabae clistrOLItos have been treated temp the all wi method' Confidential Prrvate Placement Memorandum 11 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(
GLOUS238 SOUTHERN FINANCIAL LLC Scotian 2: Investment Performance Glendower Capital Secondary Opportunities Fund IV, LP Lastly, in Exhibit 5 the SOF Program is compared against public market indexes including the
generated based on the growth of the total ndex Net iRIR is calmasted using the cashflows repeated in the tridex and the theoretical ternvnal value Recaaabae clistrOLItos have been treated temp the all wi method' Confidential Prrvate Placement Memorandum 11 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(
Entities connected to both Scotian 2: Investment Performance and Recaaabae