nd I exited over 90% of its position at a blended $2B valuation for aggregate proceeds of $118.8M, including through a $30 million block trade with Technology Crossover Ventures (TCV). 10 I CONFIDENTIAL & TRADE SECRET VALAR EFTA00810520 VALAR FALL 2016 UPDATE Fund 2 Core Investments ® breather Headquarters: Securitie