EFTA Document EFTA01353857

GL DUS I 83 Dimension Ca prtal Management Section 4. Glendower Capital Secondary Opportunities Fund IV. LP Glendower Capital Secondary Opportunities Fund IV, LP The Manager believes it will be able to source less intermediated deal flow and work directly with sellers to address their objectives. which often include non-monetary factors such as confidentiality, speed of transaction and certainty of execution. Differentiated Sourcing The Glendower SOF Team maintains an extensive network of relationships and referral sources amongst fund investors. fund sponsors, managers, portfolio companies. intermediaries/placement agents. investment banks and other counterparties in the financial industry which they can leverage to source proprietary, less intermediated, deal flow. The Manager believes that its global sourcing approach is critical to achieving attractive risk-adjusted returns for the Fund by allocating capital to what the Manager considers to be the best investment opportunities on a global basis. Since inception, the SOF Program has benefitted from a diversified pool of sellers as well as assets. More specifically: • The secondary investments represented in the SOF Funds are comprised of assets located in (by fair market value) North America 47%, Europe 47%. Asia and Pacific 3% and the rest of the world 4%.45 • Sellers of the assets purchased by the SOF Funds were located in (by value) North America 43%, Western Europe 55% and the rest of the world 3%.0 The Manager expects to leverage non-monetary factors. such as confidentiality. trust, speed and certainty of execution. In Glendower's experience, these factors become particularly relevant to sellers in distressed financial conditions or who are keen to mitigate execution risk in rapidly changing markets. In sourcing transactions for the Fund, the Manager expects the Glendower SOF Team to focus on sellers who ascribe value to non-monetary factors that the Fund may be in a position to offer. Exhibit 6: Established and disciplined sourcing and deal selection process. A wide funnel and a narrow filter:" Access to extensive industry network developed over 15 years • DN. LPs. advisory Board mentors • Close print. benkng rebbonshbe DB WtwIth Managemert, Raymond James, Abx Brown Law firms, %currant agents, banks Preachy top-down approach • Engage sect* cum potenter steer unlverse Leaks. Insurance convenes oensonfunds • On-me-snelf prong for cbsely monitored library of >100funds Investor of reference in GP-led and Single Asset Deals • Completed over 30 dock since 2007 • SubstantwItolknuon deal tow subsequent to frst transaction —3,000 potential deals screened since 2007, for c. US$400bn eVtLIPt S ma saw tope • COO tar:POSPWri. (Mt :0 OSAsir ..SCIU, :osigettl ia' la's citSPSY • Wir-4.1.w., a V.1.00,1 Os PE r/Parttte:'J WS, F Rena Firers Finals Transacted II)bralis: anon c.100 barna:born Sauce. Glendower Capital orcpnetary information Data as of September 33. 2017. Source. Glendower Capital proprietary mformaton Data as of September 30. 2017. Source Glendower Capital proprietary ir4ormaton Data es of March 19, 2018, DEICRarred cleahlw.rkt sr risPreeraln0 ca ter • tratuered rear* to$OF LPs • ni 44 krOle41. tOtCOM40 tOPRM:t. linque CIP-restrv-hrur; Jed snn.o0 ripener.", • •••••• lave nt ••••••,• r•r• •••••ff Confidential Pinto Placement Memorandum 16 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY GM_00184598 DB-SDNY-0038414 EFTA01353857