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Columbia Business School; MEng, Rome Univ. Charles Smith 28 Managing Partner, CIO — London Deutsche Bank; Bankers Trust; Coopers & Lybrand MA, Cambridge University; ACMA Adam Graev 23 Partner — New York Deutsche Bank; Pomona; Lehman Brothers; Chatterjee/Soros; Cowen BA, Colgate University Chi Cheung 20
129 100 92 Financial 67 50 11 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Pre Crisis Bubble Crisis (1) Source: 2017 Preqin Global Private Equity & Venture Capital Report. (2) Source: Greenhill Secondary Market Trends & Outlook, January 2018. STRICTLY CONFIDENTIAL 34 Post Crisis Public Pensions / SWF 24% 48 2
Columbia Business School; MEng, Rome Univ. Charles Smith 28 Managing Partner, CIO — London Deutsche Bank; Bankers Trust; Coopers & Lybrand MA, Cambridge University; ACMA Adam Graev 23 Partner — New York Deutsche Bank; Pomona; Lehman Brothers; Chatterjee/Soros; Cowen BA, Colgate University Chi Cheung 20
129 100 92 Financial 67 50 11 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Pre Crisis Bubble Crisis (1) Source: 2017 Preqin Global Private Equity & Venture Capital Report. (2) Source: Greenhill Secondary Market Trends & Outlook, January 2018. STRICTLY CONFIDENTIAL 34 Post Crisis Public Pensions / SWF 24% 48 2
Columbia Business School; MEng, Rome Univ. Charles Smith 28 Managing Partner, CIO — London Deutsche Bank; Bankers Trust; Coopers & Lybrand MA, Cambridge University; ACMA Adam Graev 23 Partner — New York Deutsche Bank; Pomona; Lehman Brothers; Chatterjee/Soros; Cowen BA, Colgate University Chi Cheung 20
129 100 92 Financial 67 50 11 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Pre Crisis Bubble Crisis (1) Source: 2017 Preqin Global Private Equity & Venture Capital Report. (2) Source: Greenhill Secondary Market Trends & Outlook, January 2018. STRICTLY CONFIDENTIAL 34 Post Crisis Public Pensions / SWF 24% 48 2
Columbia Business School; MEng, Rome Univ. Charles Smith 28 Managing Partner, CIO — London Deutsche Bank; Bankers Trust; Coopers & Lybrand MA, Cambridge University; ACMA Adam Graev 23 Partner — New York Deutsche Bank; Pomona; Lehman Brothers; Chatterjee/Soros; Cowen BA, Colgate University Chi Cheung 20
129 100 92 Financial 67 50 11 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Pre Crisis Bubble Crisis (1) Source: 2017 Preqin Global Private Equity & Venture Capital Report. (2) Source: Greenhill Secondary Market Trends & Outlook, January 2018. STRICTLY CONFIDENTIAL 34 Post Crisis Public Pensions / SWF 24% 48 2
Entities connected to both Cambridge University and Preqin Global Private Equity & Venture Capital Report

Prince Charles
PERSON
United States
LOCATIONCivil Engineering
ORGANIZATIONColgate University
ORGANIZATIONPomona Capital
ORGANIZATION
Southern Europe
LOCATIONCowen & Co.
ORGANIZATIONthe Italian Navy
ORGANIZATIONDeirdre Davies
PERSON
George Soros
PERSONEmilio Olmos
PERSON
General Electric
ORGANIZATION
Deutsche Bank
ORGANIZATIONGlobal Corporate Finance
ORGANIZATIONGlendower Capital
ORGANIZATIONGlendower
LOCATION
Julie K. Brown
PERSONDeirdre
PERSONEmilio
PERSONCharles Smith
PERSON