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eutsche Bank, HSBC MSc Global Banking and Finance, European Business School, London JONATHAN ROOME Associate Deutsche Bank BSc Economics, LSE DOUGLAS O'CONNELL Associate Carlyle Metropolitan RE, Deutsche Bank BS Finance, Carnegie Mellon's Tepper School of Business Based in London, Victoria i
pital estimate based on 2018 Preqin Global Private Equity & Venture Capital Report; Greenhill Secondary Pricing Trends & Analysis, January 2018 and Bain & Company Global Private Equity Report 2018. STRICTLY CONFIDENTIAL 33 EFTA01398197 Greg Martin Significant unrealized value still locked in tail-end funds Seller composition
eutsche Bank, HSBC MSc Global Banking and Finance, European Business School, London JONATHAN ROOME Associate Deutsche Bank BSc Economics, LSE DOUGLAS O'CONNELL Associate Carlyle Metropolitan RE, Deutsche Bank BS Finance, Carnegie Mellon's Tepper School of Business Based in London, Victoria i
pital estimate based on 2018 Preqin Global Private Equity & Venture Capital Report; Greenhill Secondary Pricing Trends & Analysis, January 2018 and Bain & Company Global Private Equity Report 2018. STRICTLY CONFIDENTIAL 33 EFTA01396837 GLDUS126 Pacific Life Insurance Co Significant unrealized value still locked in tail-end fu
eutsche Bank, HSBC MSc Global Banking and Finance, European Business School, London JONATHAN ROOME Associate Deutsche Bank BSc Economics, LSE DOUGLAS O'CONNELL Associate Carlyle Metropolitan RE, Deutsche Bank BS Finance, Carnegie Mellon's Tepper School of Business Based in London, Victoria i
pital estimate based on 2018 Preqin Global Private Equity & Venture Capital Report; Greenhill Secondary Pricing Trends & Analysis, January 2018 and Bain & Company Global Private Equity Report 2018. STRICTLY CONFIDENTIAL 33 EFTA01397510 GLDUS127 Annandale Capital Significant unrealized value still locked in tail-end funds Sel
eutsche Bank, HSBC MSc Global Banking and Finance, European Business School, London JONATHAN ROOME Associate Deutsche Bank BSc Economics, LSE DOUGLAS O'CONNELL Associate Carlyle Metropolitan RE, Deutsche Bank BS Finance, Carnegie Mellon's Tepper School of Business Based in London, Victoria i
pital estimate based on 2018 Preqin Global Private Equity & Venture Capital Report; Greenhill Secondary Pricing Trends & Analysis, January 2018 and Bain & Company Global Private Equity Report 2018. STRICTLY CONFIDENTIAL 33 EFTA01396160 GLDUS125 Gerald Ford Significant unrealized value still locked in tail-end funds Seller co
Entities connected to both Michael Douglas and Bain & Company Global Private Equity

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