EFTA01389511.pdf

GLDUS133 Georgetown University Endowment Introductiont" Glendower Capital Secondary Opportunities Fund IV, LP ("SOF IV") Glendower Capital is an independent secondary private equity manager owned by its partners - Fully funded and operational since its team spun-off from Deutsche Asset Management on August 1st, 2017 - Glendower continues to advise and manage the legacy SOF Program with US$3 billion of third-party client assets Our mission is to deliver outstanding results for its investors - Strong buyout-like performance with an attractive risk profile, early cash flows and negligible loss ratio - Mature SOF Funds show 1.7x Net Multiple and over 20% Net IRR, overall program shows 1.5x Net Multiple and 23% Net IRR Glendower Capital is launching SOF IV to continue the successful value-investing strategy pursued since 2006 - Disciplined bottom-up underwriting of attractive assets managed by quality managers globally - Across a range of transactions: traditional fund secondaries, GP-led transactions and single asset deals - With focus on value creation through in-depth fundamental analysis as opposed to deal structuring and leverage The Fund is seeking US$1.75 billion in commitments with same key terms as prior fund - In the process of closing US$1.3 billion in a first close in May with ca. 50 investors - Second close before the summer at or above target and final closing in 4Q18 - Active pipeline with two deals for US$200 million closing in May / June and two near term opportunities for additional US$200 million ;• (2) Perfo.imance ligur:os have been calculated based on tine unaudted mforritarce ,cults of ScF.. S(.1t. SC,I ai SoMori!bo: A aos arrou* be road -rho re,iet Se ars:the zo :tan, Information" and -Notes to the Investment Performance" sections of this presentation. The "Notes to Investment Performance" section in particular includes. among other things. a desciiption of the terms tared in tie &As above and sets forth anponant guidelines and lb.:rulers as to the performers:46 described above. Net perforrname data reflects amourds net of expenses. feel and CEETISti interest. Imieslors should consult with lilts' own kittOWer₹ as to mix appropriate ,actors to be tx.swide.-ed i n evatiatiri this inlarrszdion Past perfcamance is not a prediction of ire Vtra performance of 40F. SOF D. SOF II a SOF Ill but is included to demonstrate the track record of the Glendower SOF Team and there can be no assurance that SOF IV will achieve comparable results or that any target results will be achieved C-iendower Capita Secondary Opportunities Fund IV. L P. fSOF IV or the "Ftesirt is being foymed by CiiVirdo'brig Capqai. LIP r•Glenr weri. which is authorized and regulated by the United Kingdom Financial Conchs:4 Authority The Fund is sec krru USS1 75 billion in total commitments with the aim of generating attractive risk adjusted investment returns principally in the form of capital appreciation. through the, acquisition hokling and disposition of a diverse portelio a investments incitAno buyout growth capital.,Ainti.se capital special sibs:dons, tumaieund. mezzanine. distressed cpcortunities. realestate art indiastructure assets from secondary market The Fund will target globally but prIniarif: in the (15 and Europe (ij the acquisition of inteiests in established generalist and specialist private equity fund stiucturee ;int.:Indira funds of funds. feeaei funds and other similar siructutest on Me secondary market teeOi such fund or structure. a 'Fuld Secondatyi. riit the acquisition of interests in DOIMAXA of private eouty assets on the secondary market in transaction's with greater complexity eicluding SprISM SpfrOttS. taii-end 65structizing. asseurquidatiaes. and LP tendois teach invevment interest. a Secoridarci. arid un inveginents ei an individuai portfolio company alongside private equity find si-4411.ois (each such invei:Inient. a 'Single. Asset Dear). Glendower STRICTLY CONFIDENTIAL Capital CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0093870 CONFIDENTIAL SDNY_GM_00240054 EFTA01389511