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sd-10-EFTA01386625Dept. of Justice

EFTA Document EFTA01386625

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OLOUS238 SOUTHERN FINANCIAL LLC Section 2: Investment Performance Glendower Capital Secondary Opportunities Fund IV, LP In Exhibit 2 each of SOF. SOF D. SOF II and SOF III is benchinarked against its vintage peer group reported in the Cambridge Associates Secondaries Benchmark statistics (September 30, 2017). The SOF Funds present comparatively strong Net IRR. DPI and TVPI across each vintage year. Exhibit 2: SOF Funds performance versus Cambridge Associates Secondary Fund Benchmark " 34

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Dept. of Justice
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sd-10-EFTA01386625
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