an in comparison to traditional private equity. Exhibit 12: Strong Secondary Capita! supply/' Exhibit 13: Dry powder/deal volume remains balanced" USabn USSOA 140 • 700 120 • 600 , 100 corbowerCeptaissamafri Net wrraion/ man a 500 masb•rodepty Settrdanos 400 Iso se 300 40 200 20 100