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sd-10-EFTA01386461Dept. of Justice

EFTA Document EFTA01386461

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GLDUS238 SOUTHERN FINANCIAL LLC 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. Glendower Capita= analysis. and own eskinates Lased on Greenhill Secondary Market Trends & Lk*look, Jemmy 2018: G•eertrill GP •'!char% DlectNtwn 1Mterats. May 2017: and Dow Jon-es

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Dept. of Justice
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sd-10-EFTA01386461
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