49 144 129 100 92 67 50 48 20 11 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 issztilas Sourer ar17 Pregin GobiA- Private Equity S Venture Capital Reoon. 1.2) Source. Greenhill Secondary Market Trends 8 Outlook. January• 2018 General Partners 24% Financial Institutions 12% Public Pensions /