EFTA Document EFTA01389528

GLOUS I 33 Georgetown University Endowment Secondary market volume remains at record levels Market is evolving with GP-led transactions now representing 25% of volume Secondary market volumes 2006 - 2018F 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018F GP-led Secondary ■ Fund Secondary Source. Cleft:lower C-apitri analysis. and own estimates based on Greenhill Secondary Markel Trends & Janurzy 2018: G•eerh'fill GP •cation* Di.ectKiwn f.eaterats. May 2017: and Dow Jon-es Rrvater Eoraty Analyst Guide to the Secondary Marker. June 201! . F = FtneCaSt There la Elf> warm-Iles the eVirerate €Irih!!0!ted Ilt erraze. Past market volume is not a prediction or gm rantE.o of tuts re market volume. Glendower Capital STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0093887 SDNY_GM_00240071 EFTA01389528