31.4M $127.2M 4.0x $3.9B today / $2.0B at time of Valar's major exit Accel, Matrix Capital, Fidelity, Blackstone, TCV VALAR / 5 EFTA00810479 Valar Fund 2 / Pei for Fund 2 Performance Inception: January 2015 Capital Commitments: $102.3M Current FMV: $243.9M Multiple (Gross & Net): 2.7x / 2.1x IRR (G