EFTA Document EFTA01386449

GLOUS238 SOUTHERN FINANCIAL LLC Benefits of secondary private equity investing Attractiveness of secondary opportunities' Secondaries can result in earlier cash flows' In 'WO Timeframe of secondary investment 1.400 Pricing - Re-price existing funded assets 1,200 Flexibility - Capitalise on pricing inefficiencies 1,000 SOS Hypothetical Mitigate Blind - Knowledge of existing underlying companies 600 timing of secondary Pool Risk - Mature assets typically yield more predictable