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onshbe DB WtwIth Managemert, Raymond James, Abx Brown Law firms, %currant agents, banks Preachy top-d
ttl ia' la's citSPSY • Wir-4.1.w., a V.1.00,1 Os PE r/Parttte:'J WS, F Rena Firers Finals Transacted II)bralis: anon c.100 barna:born Sauce. Glendower Capital orcpnetary information Data as of September 33. 2017. Source. Glendower Capital proprietary mformaton Data as of September 30. 2017. Source Glendow
nshee DB WswIth Mane:smart, Raymond James, Alex Brown Law firms, seurcaspaganrs, banks Preachy top-do
. ymn•MI ?JIM. C.PMSY • Wir4.1.1..a a V.:1..010S PS i+.•/MM .'J MO, a F Rena Firers PIMPS Transacted I1)Iry Akk moss c.100 barna:born Sauce. Glendower Capital orcpnetary information Data as ci September 33. 2017. Source. GlerWaver Capital proprietary information Data as of September 30. 2017. Source Glend
hips: DB Wealth Management, Raymond James, Alex Brown • Law firms, sourcing agents, banks Proactive t
dower Access Secondary Opportunities IV (U.S.), L.P. (the "Access Fund"). The Access Fund is expected to invest substantially all of its assets in Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund limited partnership (together with any parallel funds thereto, the "Underlying Fund")
hips: DB Wealth Management, Raymond James, Alex Brown • Law firms, sourcing agents, banks Proactive t
dower Access Secondary Opportunities IV (U.S.), L.P. (the "Access Fund"). The Access Fund is expected to invest substantially all of its assets in Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund limited partnership (together with any parallel funds thereto, the "Underlying Fund")
hips: DB Wealth Management, Raymond James, Alex Brown • Law firms, sourcing agents, banks Proactive t
dower Access Secondary Opportunities IV (U.S.), L.P. (the "Access Fund"). The Access Fund is expected to invest substantially all of its assets in Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund limited partnership (together with any parallel funds thereto, the "Underlying Fund")
hips: DB Wealth Management, Raymond James, Alex Brown • Law firms, sourcing agents, banks Proactive t
dower Access Secondary Opportunities IV (U.S.), L.P. (the "Access Fund"). The Access Fund is expected to invest substantially all of its assets in Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund limited partnership (together with any parallel funds thereto, the "Underlying Fund")
hips: DB Wealth Management, Raymond James, Alex Brown • Law firms, sourcing agents, banks Proactive t
dower Access Secondary Opportunities IV (U.S.), L.P. (the "Access Fund"). The Access Fund is expected to invest substantially all of its assets in Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund limited partnership (together with any parallel funds thereto, the "Underlying Fund")
hips: DB Wealth Management, Raymond James, Alex Brown • Law firms, sourcing agents, banks Proactive t
• Single LP position • Portfolios of LP positions • Fund of funds • LP tenders Marketl • Many participants • 10-15% IRR / 1.3-1.4x MOIC gross Glendower Capital Deal size Expected allocation Deals since 20072 Gross returns2 SOF (harvested)3 SOF II (maturing)3 SOF III (early stage)3 Buy aggressively du
hips: DB Wealth Management, Raymond James, Alex Brown • Law firms, sourcing agents, banks Proactive t
• Single LP position • Portfolios of LP positions • Fund of funds • LP tenders Marketl • Many participants • 10-15% IRR / 1.3-1.4x MOIC gross Glendower Capital Deal size Expected allocation Deals since 20072 Gross returns2 SOF (harvested)3 SOF II (maturing)3 SOF III (early stage)3 Buy aggressively du
hips: DB Wealth Management, Raymond James, Alex Brown • Law firms, sourcing agents, banks Proactive t
• Single LP position • Portfolios of LP positions • Fund of funds • LP tenders Marketl • Many participants • 10-15% IRR / 1.3-1.4x MOIC gross Glendower Capital Deal size Expected allocation Deals since 20072 Gross returns2 SOF (harvested)3 SOF II (maturing)3 SOF III (early stage)3 Buy aggressively du
Entities connected to both Julie K. Brown and Glendower Capital

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