Appendix 3 – PME+ Methodology for Comparing Synthetic Private Equity Funds to Public Market Index

The passage merely describes a financial performance measurement method (PME+) for private equity synthetic funds. It contains no names, transactions, dates, or allegations linking powerful actors to Explains PME+ methodology for benchmarking private equity fund performance against a public market i Notes that synthetic funds (NLV and Sprout HC) are presented net of fees, while public index funds