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sd-10-EFTA01383156Dept. of Justice

EFTA Document EFTA01383156

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GLDUS238 SOUTHERN FINANCIAL LLC Secondary market shows a balanced capitalization Strong secondary capital supply'... US$bn 140 ... but US$bn 700 dry powder/deal volume remains balanced2 125 Dry Powder 3.7x 120 600 • Deal volume <1- Cry Fbw der., Deal Volume 100 - 500 GlendowerCapital estimates that 2.2x annual deal volume is 80 available to deployin Secondaries 400 60 58 300 40 • 200 •••• a:, 2.2X 20 100 ii ill 0 0 Dry Powder Annual Deal Volume it) Source: Gle

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Dept. of Justice
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sd-10-EFTA01383156
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