EFTA Document EFTA01393480

GLOUSI 30 Aspen Grove Capital. LLC Established track record SOF Funds as of September 30, 2017A 2 3 Fund SOF Vintage 2006 (development stage) (harvesting) SOF D 2010 (harvesting) SOF II 2011 (maturing) SOF III 2014 (early stage) Total Fund size US$565m US$147m US$614m US$1,654m US$2,980m Transactions, funds, companies # 21 / 154 / 1,774 1 / 28 / 193 29 / 75 / 737 35 / 149 / 2,837 Gross multiple 2.1x 3.0x 1.7x 1.4x 1.6x Gross IRR 29% 37% 23% 31% 28% Net multiple (TVPI4) 1.8x 2.3x 1.5x 1.3x 1.5x Net distributed (DPI4) 1.8x 2.1x 1.2x 0.3x 0.9x Net IRR 22% 29% 20% 30% 23% Peak net contributed capital 26% 51% 42% 44% (I) Performance figures 113‘re been calculated bayed on the unaudted performance results of SOF. SOF 0. SOF and SOF III as of September 30. 2017 and slxuel he mad and reviewed in oenjunction qetli the "Important !reformation- arid 'Notes to Performance Information' sections of this presentation. Gross returns are prose of fees. expenses arc carried merest. feet performance reflects amounts net of expenses tees and carried interest. Investors should consult with their own advisers as to the appropriate factors to be considerecrin evaluating this information. Past pertomiance is not a prediction of the futise performance of SOF. SOF ID SOF SOF III but rs Eltek1/4104 dal:ion:watts the tiacY record of the Genic:we' SCfF Team and limis can be no assonant that SOF IV vat achy rte comparabm itiveqs or that 'my target hwiltv will ether rd See important information on the Tract. Record- sections of this Pl'erSelliW0t1. (2) SOF 0 is a Euro denominated tint UST vtAues, have been conveittiel at September 30. 2)17 ails:US$ rate of 1 11322. (3) Both SOF and SOF I) are invested in the DaVinci Portfolio — a well diversified portfolio of 2e private equity funds purchased through an SPV. providing exposure to buyout. special situations. venture capital and real estate stratiNyists North Amery:a. Europe And Asia The number of kalttS arid companies IS a best estimate and WM'S* the agfeessite ot &a:i ll deal at ?Kislev text may some double courting. 1VPI M Total Value to Paid in Capital; DPI it Distributions to Paid in Capital: IRR r Internal Rate of Return. Glendower Capital STRICTLY CONFIDENTIAL 16 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0099050 CONFIDENTIAL SDNY_GM_00245234 EFTA01393480