EFTA01392597

GLDUS128 Patrick Gerschel SOF II — Portfolio construction Gross invested capital breakdown Overview Vintage 2011 Fund size US$614m Gross invested capital 668m Performance as of September 30. 2017 Capital called 509m Distributions. net 592m 1.16x Remaining NAV 187m 0.37x Total net return US$779m 1.53x 20% Asset geography North America 40% RoW 3% II Investment strategy 4% 4% 16% Vintage year 5% 6% 20% 12% 54% • Large Buyout • Mid-Market Buyout GrovAh Equity Real Estate Other 19% • Pre 2005 • 2005 - 2006 2007 -2008 2009 - 2011 2012 - 2013 38% 2014 -2015 Sector composition lall. Industrials al Consumer Business Services Technology As at September ?O. 2017. Past performs-a-e is not a guarantee or indicator ri future results . and there can be no assurance that the fund will achieve cornptsable results This page should be reviewed in conjunction with the 'Important Infonnation" and 'Notes to Iruestment Performance' sections of this Presentation lall Healthcare III Financial Services Ill Natural Resources Real Estate II 3k Comnrunications & Media 5%11 Other Glendower Capital STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0097846 CONFIDENTIAL SDNY_GM_00244030 EFTA01392597