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ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require
nds & Outlook, January 2018. 62 2017 Preqin Global Private Equity & Venture Capital Report — Private Equity and Venture Capital Unrealized Value by Fund Vintage Year as of June 2016. Confidential Private Placement Memorandum 22 EFTA01397973 Greg Martin ec ion . Glendower Capital Secondary Opportunities Fund
ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require
nds & Outlook, January 2018. 62 2017 Preqin Global Private Equity & Venture Capital Report — Private Equity and Venture Capital Unrealized Value by Fund Vintage Year as of June 2016. Confidential Private Placement Memorandum 22 EFTA01395931 GLDUS125 Gerald Ford Section 4. Glendower Capital Secondary Opportu
ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require
nds & Outlook, January 2018. 62 2017 Preqin Global Private Equity & Venture Capital Report — Private Equity and Venture Capital Unrealized Value by Fund Vintage Year as of June 2016. Confidential Private Placement Memorandum 22 EFTA01396495 GLDUS126 Pacific Life Insurance Co Section 4. Glendower Capital Sec
ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require
nds & Outlook, January 2018. 62 2017 Preqin Global Private Equity & Venture Capital Report — Private Equity and Venture Capital Unrealized Value by Fund Vintage Year as of June 2016. Confidential Private Placement Memorandum 22 EFTA01395467 GLDUS143 Henry Nicholas Section 4. Glendower Capital Secondary Oppo
ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require
nds & Outlook, January 2018. 62 2017 Preqin Global Private Equity & Venture Capital Report — Private Equity and Venture Capital Unrealized Value by Fund Vintage Year as of June 2016. Confidential Private Placement Memorandum 22 EFTA01397168 GLDUS127 Annandale Capital Section 4. Glendower Capital Secondary O
Entities connected to both European Union and Fund Vintage Year

United States
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United Kingdom
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Prince Charles
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New York
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Finland
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Belgium
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Hungary
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Cyprus
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Romania
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Ireland
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Julie K. Brown
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Latvia
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