anent fund borrowing have been utarzed. Although the manager maintains flexibility to do so, capital has not been recycled to dale. Distributions to Pald-In Capital (OFT} represents aggregate distributions to Investors in the SOF Funds relative to aggregate capital contributions to the SOF Funds. Residual Value

the returns and financial information contained herein are based on the gross returns of the relevant fund as at the indicated date. Total Value to Pald-In Capital CTVPI"): Represents realized proceeds and unrealized value as of the stated date relative to aggregate capital contributions, i.e. TVPI =DPI + RVPI.