EFTA Document EFTA01392204

GLOUS144 Glenn Warren 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 S.09 -SOF 11 60% 40% 20% 0% 20% -40% 25 27 29 31 33 35 37 39 41 43 45 DPI (Distributed to Paid-In Capital) 2 OA 1.6x 1.4x I 2x 1.Ox 0.1!ut 0.5x 0 4x 02x 0.0x Quarters from inception -59F sennia.SOF Jt 80% 40% - 20% ESOP ~`cW s -.SOF HI t 3 5 7 9 11 13 15 17 19 21 2