Epstein Secrets

3 2014 2015 Vintage Year 0.0x 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Vintage Year Buy out Top Quartile SOF Program (1) Source: Cambridge Associates Global Buyout Benchmark as of September 30, 2017. This information reflects a comparison of SOF, SOF D, SOF II & SOF III performance against one benchmark only. Past perf

rce less competitive deals globally Average deal size of US$40m: I Mature fund secondaries of US$5-100m I Mid-market GP-led deals of US$100-250m IISingle-asset deals of US$25-50m 2 Pursue a selective, true value approach I Transacted 1% of total pipeline by value I Mid-sized alpha value investor v

3 2014 2015 Vintage Year 0.0x 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Vintage Year Buy out Top Quartile SOF Program (1) Source: Cambridge Associates Global Buyout Benchmark as of September 30, 2017. This information reflects a comparison of SOF, SOF D, SOF II & SOF III performance against one benchmark only. Past perf

rce less competitive deals globally Average deal size of US$40m: I Mature fund secondaries of US$5-100m I Mid-market GP-led deals of US$100-250m IISingle-asset deals of US$25-50m 2 Pursue a selective, true value approach I Transacted 1% of total pipeline by value I Mid-sized alpha value investor v

3 2014 2015 Vintage Year 0.0x 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Vintage Year Buy out Top Quartile SOF Program (1) Source: Cambridge Associates Global Buyout Benchmark as of September 30, 2017. This information reflects a comparison of SOF, SOF D, SOF II & SOF III performance against one benchmark only. Past perf

rce less competitive deals globally Average deal size of US$40m: I Mature fund secondaries of US$5-100m I Mid-market GP-led deals of US$100-250m IISingle-asset deals of US$25-50m 2 Pursue a selective, true value approach I Transacted 1% of total pipeline by value I Mid-sized alpha value investor v

3 2014 2015 Vintage Year 0.0x 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Vintage Year Buy out Top Quartile SOF Program (1) Source: Cambridge Associates Global Buyout Benchmark as of September 30, 2017. This information reflects a comparison of SOF, SOF D, SOF II & SOF III performance against one benchmark only. Past perf

rce less competitive deals globally Average deal size of US$40m: I Mature fund secondaries of US$5-100m I Mid-market GP-led deals of US$100-250m IISingle-asset deals of US$25-50m 2 Pursue a selective, true value approach I Transacted 1% of total pipeline by value I Mid-sized alpha value investor v