EFTA Document EFTA01393510

GLOUS1 30 Aspen Grove SOF III Overall transaction summary as of September 30, 2017 Invested capital' Funded capital; Initial Gross Project name Sourcing Seller type Deal type Funds Companies' 41554n) (US5m) closing mutilate' Portfolio detail 1- Porter Limited Process Multiple GP-kx1 Socondary 2 8 194.9 117.2 04 14 1.9x US - mid-market buyout 2- Fitzgerald II Proprietary Ftancial Institution Single Asset Deal 1 1 36.8 36.8 04 14 1.6x US - buyoul 3- Malcolm Limited Process Pension Fund Secondary 1 15 109.4 46.0 04 14 1.0x RoW - buyout 4- Costa Limited Process Pension Fund Secondary 1 6 12.9 13.0 01 15 1.0x Europe - buyoul 5- Diamond Looted Process Allernatno Funds Fund Secondary 11 60 23.0 93 02 15 1.6x Global - drversalerl 6- Mozart Proprietary Muliple GP-led Secondary 1 2 25.5 25.5 02 15 0.8x Europe - growth equity 7- Leibowitz Proprietary Multiple GP-kid Secondary 1 4 61.2 65.7 03 15 1.2x Europe - growth equity 8- POSCOli Proprietary Corporate Single Asset Deal 1 1 27.5 275 03 15 0.0x Global - buyout 9- Clegane Proprietary Corporate Single Asset Deal 1 1 14.7 14.7 03 15 1,8x US - rod-market buyout 10- Steinbeck II Limited Process Multiple Fund Secondary 2 24 100.0 49.0 03 15 1.2x Global - diver9fitxl 11- Moron: Syndication Pension Fund Secondary 1 40 65.3 9.3 04 15 2.9x Global - foal estate 12- Neon Limited Process Fflancial Institution Fund Secondary 2 10 7.2 6.5 04 15 1.2x Europe - real estate 13- Gonzaga Proprietary Corporate Single Asset Deal 1 1 14.3 15.1 04 15 1.0x Europe - mid-markel buyout 14- Drive Loaned Process Financial Institution Fund Secondary 1 2 17.6 17,6 04 15 2.6x ROW - buyout 15- Flute Limited Process SwF Fund Secondary 17 1.294 54.7 13.9 04 15 1Ax Global - buyout 16- Iskar Proprietary Multiple GP-led Secondary 1 1 34.6 26.6 01 16 2.3x Europe - real estate 17- Bosch Limited Process Family Office Fund Secondary 14 169 86.6 40.2 01 16 1.5x Global diversified 18- Staccato Propnetary Multiple GP-led Secondary 2 3 40.2 26.0 02 16 1.5x Europe - mid-market buyout 19- Rose Proprietary Family Office Single Asset Deal 1 1 27.0 26.7 02 16 1.0x Europe - mid market buyout 20- Janos Proprietary Family Office Single Asset Deal 1 1 29.9 29.9 02 16 1.2x US - mid-market buyout 21- Aurum Proprietary Allernatrye Funds Single Asset Deal 1 1 23.1 22.9 03 16 0.7x Europe - mid-market buyout 22- Laurel Limited Process Financial Institution GP-led Secondary 11 33 101.6 40.7 03 16 2.1x Europe -diversified 23- Tozer I 8 II Limited Process Musiple Fund Secondary t 4 41.8 27.6 03 16 1.7x US - mod-market buyout 24- Falco Proprietary Merrimac, Funds Fund Secondary 4 19 13.7 7.1 03 16 1.7x US - real estate 25- Peak Looted Process Multiple GP-led Secondary 1 4 79.0 57.2 04 16 1.2x Europe - mod-markel buyout 26- Amy Proprietary Family Office Fund Secondary 13 95 35.7 15.0 04 16 1.8x Global - drversified 27- Chaucer Proprietary Fund Secondary 1 5 154.9 81.6 01 17 1.0x Europe -- growth equity 28- Westeros Limited Process Multiple GP-lid Secondary 2 8 239.7 178.6 01 17 1.2x US - mid-market buyout 29- Eddard Looted Process Antonioni° Funds Fund Secondary 6 35 51.3 27.6 01 17 1.5x Europe - mid-market buyoul 30- Sutherland Looted Process Alternative Funds Fund Secondary 1 4 9.5 9.8 01 17 1.6k Europe - mid-market buyout 31- Christophe Proprietary (WA Fund Secondary 1 12 44.2 3.4 01 17 0.9x Global - real estate 32- Newton Lorkled Process Allematrre Funds Fund Secondary 41 968 118.0 4.4 02 17 4.1x US -diversified 33- Mitchell Proprietary Public to Paiute Single Asset Deal 1 1 32.0 31.9 03 17 1.0x Europe - buyout 34- Gini Proprietary Family Office r HNW Single Asset Deal 1 1 42.0 27.4 03 17 1.0x US - mid-market buyout 35- Artemis Limited Process SWF Fund Secondary 1 3 03 17 11 4 10.5 1.3x Eur - mid-market b SOF III Closed Total 149 2,837 1,931.2 1162.6 1Ax Il; Nuinbei of ciorepanies. are beitf eMirnate (2) Invested Capital is the Transaction Size and is described as purchase price plus unfunded obligations. Funded capital is the amount funded in each 'Transaction The Net Multiple (WM for SOF III is 1.3x. (31 The pinformarice figures have been calculated based on unauetted fair Ythitla and slxxid be re and reviewed in conjunction ;Oh the 'imp lant kxbrunation' and "linprtant Performance Mionnatice seciter performance is not a guerartee or indicator of future results. and there can be no assurance that the Fund will achieve comparable results Glendower Capital STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0099086 SDNY_GM_00245270 EFTA01393510