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hips: DB Wealth Management, Raymond James, Alex Brown • Law firms, sourcing agents, banks Proactive t
in Capital; IRR = Internal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01398169 Greg Martin Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%
hips: DB Wealth Management, Raymond James, Alex Brown • Law firms, sourcing agents, banks Proactive t
ernal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01396809 GLDUS126 Pacific Life Insurance Co Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%
hips: DB Wealth Management, Raymond James, Alex Brown • Law firms, sourcing agents, banks Proactive t
RR = Internal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01397482 GLDUS127 Annandale Capital Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%
hips: DB Wealth Management, Raymond James, Alex Brown • Law firms, sourcing agents, banks Proactive t
tal; IRR = Internal Rate of Return. STRICTLY CONFIDENTIAL 16 EFTA01396132 GLDUS125 Gerald Ford Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance1,2,3 Secondary funds: Net IRR4 to limited partners Lower Quartile 10% 15% 20% 25% 30% 35% 40% 45% 50% 0% 5%
Entities connected to both Julie K. Brown and Cambridge Associates'

Deutsche Bank
ORGANIZATION
United States
LOCATION
Prince Charles
PERSON
George Mitchell
PERSON
Alexander Acosta
PERSONMaria Farmer
PERSON
Michael Douglas
PERSONthe Securities and Exchange Commission
ORGANIZATION
United Kingdom
LOCATION
J. Robert Oppenheimer
PERSON
Madison
LOCATION
Middle East
LOCATIONGlendower
LOCATION
Bailey
PERSON
New Zealand
LOCATION
North America
LOCATION
Columbia University
LOCATION
Hong Kong
LOCATIONDeutsche Bank Securities Inc.
ORGANIZATION
United Arab Emirates
LOCATION