EFTA Document EFTA01386453

GLOUS238 SOUTHERN FINANCIAL LLC Consistent top returns among peers SOF Funds vs Cambridge Associates' secondary funds performance' 7'3 Secondary funds: Net IRR4 to limited partners Secondary funds: Net multiples to limited partners 50% - 45% - 40% - 35% - 5% - 0% +Upper Quartile SOF 22% Lower Quartile • Median SOF D 29% SOF II 20% 4*.S. t SOF III 30% 04 05 06 07 08 09 10 11 12 13 14 2 5x 2.0x ci lb 1.5X (2 a d tox 0.5x 0.0x SOF TVPI = 1.84x DPI = 1.80x