loci To 5% Quactilt US VC US VC Average IRR for the indices represents years 2007 — 2016. Average IRR for the Median, Top Quartile, and Top 5% US VC's represents years 2007 — 2014 (Source: Cambridge Associates). 2 EFTA00292376 AAndra Capital THE OFFERING Inception Offering Investment Objecti

S VC Quartile VC US VC Source: Average 1R1:2 for the indices represents years 2007 - 2076. Average IRR for the Median, Top Quartile, and Top 5% US VC's represents years 2007 - 2074 (Source: Cambridge Associates). As demonstrated by the graph above, the average IRR thresholds for the median and top