d Recap • Returned $230 mm, —84% of cost, to investors Sep. 2017 Debt Refinancing • Replaced 2nd lien debt with larger lg lien tranche Sims (;ross Realized & Unrealized Returns (SmItO 3.0x Fund Total Gross MOIC + Co-Invest: 2.7x Fund only:2.6x $217 $736 $145 2.0x $519 G O S177 S S NI 1.0x $487 O I $342