Epstein Secrets

Deal Volume it) Source: Glendower Capital estirea (2? $ourcee Glendowe t".ada€ Report 20'8. Glendower Capital Secondaries Buyout a sed on Greenhil Secondary Pricing Trends & Analysis. January 2018. 2018 Preget t31obai Petvato Fcraty & \immure. Capital Repent: Greenhill Seecerdary Pricsnp Trans & analysis. January 2018 and Bain &

125 ... but US$bn 700 600 dry powder/deal volume remains balanced2 Dry Powder 3.7x • Deal volume <1- Cry Fbw der., Deal Volurre 100 - 500 GlendowerCapital estimates that 2.2x annual deal volume is 80 available to deployin Secondaries 400 60 58 300 40 • 200 ••• a:, 2.2s 20 100 ill ill 0

Deal Volume ii) Source: Glendower Capital estirr (21 ource, Glendower C..t.wit Report 2018 Glendower Capital Secondaries Buyout a sed on Greenhil Secondary Pricing Trends & Analysis. January 2018. on 2018 Primp Global Private Forirty & %Immure Carat Repolt. GreentiO Seculdary Pri6ra Trends & Analysis. Jws.ery 2018 and Bain & Com

t dry powder/deal volume remains balanced2 US$bn 140 700 125 Dry Powder 3.7x 120 600 • Deal volume <1- Cry Fbw der Deal Volurre 100 - 500 GlendowerCapital estimates that 2.2x annual deal volume is 80 available to deployin Secondaries 400 60 58 300 40 • 200 ••• 1: 2.2x 20 100 iil MI 0 0

Deal Volume it) Source: Glendower Capital entire at (21 ource, Glendower vital Report 2018. Glendower Capital Secondaries Buyout a sed on Greenhil Secondary Pricing Trends & Analysis. January 2018. on 2018 Primp Global Private Fcrirty & %Immure Carat Repolt. GreentiO Seculdary Pri6ra Trends & Analysis. Jws.ary 2018 and Bain & Com

. ... but US$bn 700 125 600 dry powder/deal volume remains balanced2 Dry Powder 3.7x • Deal volume <1- Cry Fbw der Deal Volume 100 - 500 GlendowerCapital estimates that 2.2x annual deal volume is 80 available to deployin Secondaries 400 60 58 300 40 • 200 ••• a:, 2.2s 4, 20 100 iil MI

l Volume it) Source: Glendower Capital estirrai (2) $ource, Glendower C.:twtau Report 2018. Glendower Capital Secondaries Buyout a sed on Greenhil Secondary Pricing Trends & Analysis. January 2018. on 2018 Proton Global Private Foridif & Velure Carat Repoit: Graentia Saan-idary Pri6rµy Trends & Analysis. Jwnsary 2018 and Bain & C

. 125 ... but US$bn 700 600 dry powder/deal volume remains balanced2 Dry Powder 3.7x • Deal volume <1- Cry Fbw der Deal Volume 100 - 500 GlendowerCapital estimates that 2.2x annual deal volume is 80 available to deployin Secondaries 400 60 58 300 40 • 200 ••• 1: 2.2x 20 100 iil MI 0 0

olume it) Source: Glendower Capital estir•a (2? $ourcet Glendoute t".ada€ ets!, Report 20'8. Glendower Capital Secondaries Buyout a sed on Greenhil Secondary Pricing Trends & Analysis. January 20l$. 2018 Preget seka Petvato Ferny & \immure Carat Report: Greentifl Saamdapi Pricsnp Trends & Analysis. January 2018 and Bain & Company

. 125 ... but US$bn 700 600 dry powder/deal volume remains balanced2 Dry Powder 3.7x • Deal volume <1- Cry Powder! Deal Volume 100 - 500 GlendowerCapital estimates that 2.2x annual deal volume is 80 available to deployin Secondaries 400 60 58 300 40 • 200 ••• a:, 2.2s 4, 20 100 ill ill

Capital US$bn 700 600 500 400 300 200 100 0 Dry Powder • Deal volume <1- Cry Fbw der Deal Volurre Secondaries 3.7x Buyout a sed on Greenhil Secondary Pricing Trends & Analysis. January 2018. on 2018 Preget Gietal Nato Fcrety & \immure Capital Repent: Greenhill Sacceidary Pricsnp Trans & analysis. January 2018 and Bain & Co

apitalization Strong secondary capital supply'... ... but dry powder/deal volume remains balanced2 US$bn 140 120 100 - 80 60 40 • 20 0 125 GlendowerCapital estimates that 2.2x annual deal volume is available to deployin Secondaries 58 Dry Powder Annual Deal Volume it) Source: Glendower Capital esti