EFTA Document EFTA01391534

GLDUS124 BBR Partners SOF Funds show consistent performance1 Across different fund sizes, fund vintages and economic cycles Net Contributed Capital (as % of Fund Size) Net IRR 30% 100% min SOF -SOF 11 60% 40% 20% 0% 20% -40% -60% 25 27 29 31 33 35 37 39 41 43 45 DPI (Distributed to Paid-In Capital) 20A 1.6x 1.4X I 24 1.0x 0.40t 0.6x 0 4x 0,2x 0.0x Quarters from inception -$PF se"'"*SOF 80% 40% - 20% ESOP •••• 940F 4 HI 1 3 5 7 9 11 13 15 17 19 21 23