EFTA01364558.pdf

GLOUS238 SOUTHERN FINANCIAL LLC SOF III Overall transaction summary as of September 30, 2017 Invested capital' Funded capital' Initial Gross Project name Sourcing Seller type Deal type Funds Companies' Portfolio detail (lS54n) (US5m) closing mullples 1- Porter Limited Process Mulipkt GP-Ad Socondary 2 8 144.9 117.2 O4 14 1.9x US - rod-market buyoul 2- Fitzgerald II Proprietary Ftancial Institution Single Assol Deal 1 1 36.8 36.8 O4 14 1.6x US - buyoul 3- Malcolm Limited Process Pension Fund Secondary 1 15 109.4 46.0 O4 14 1.0x ROW -buyout 4- Costa Limited Process Pension Fund Secondary 1 6 12.9 13.0 O1 15 1.0x Europe - buyoul 5- Diamond Limited Process Alternative Funds Fund Secondary 11 60 23.0 9.7 O2 15 1.6x Global -diversified 6- Mozart Proprietary Muliple GP-led Secondary 1 2 25.5 25.5 O2 15 0.8x Europe - growth equity 7- Leibowitz Proprietary Multiple GP-led Secondary 1 4 61.2 65.7 O3 15 I.2x Europe - growth equity 8- POSCOli Proprietary Corporate Single Asset Deal 1 1 27.5 27.5 O3 15 0.0x Global - buyout 9- Clegane Proprietary Corporate Single Asset Deal 1 1 14.7 14.7 O3 15 1.8x US rod-market buyout 10- Steinbeck II Limited Process Multiple Fund Secondary 2 24 100.0 49.0 O3 15 1.2x Global -Microfilm' 11- Mammy Syndication Pension Fund Secondary 1 40 65.3 93 O4 15 2.9x Global - real estate 12- Neon United Process Financial Institution Fund Secondary 2 10 7.2 6.5 O4 15 1.2x Europe - real estate 13- Gonzaga Proprietary Corporate Single Asset Deal 1 1 14.3 15.1 O4 15 1.0x Europe - nucl.markel buyout 14- Drive United Process Financial Institution Fund Secondary 1 2 17.6 17.6 O4 15 2.6x RoW - buyout 15- Flute Leaded Process SwF Fund Secondary 17 1.294 54.7 13.9 O4 15 I.4x Global - buyout 16- Iskar Proprietary Multiple GP-led Secondary 1 34.6 26.6 O1 16 2.3x Europe - real estate 17- Bosch Limited Process Family Office Fund Secondary 14 169 86.6 40.2 O1 16 1.5x Global diversified 18- Staccato Propnetary Multiple GP-led Secondary 2 3 40.2 26.0 O2 16 1.5x Europe - mid-market buyout 19- Rose Proprietary Famiky Office Single Asset Deal 1 1 27.0 26.7 O2 16 1.0x Europe - mid market buyout 20- Janos Proprietary Family Office Single Assol Deal 1 1 29.9 29.9 O2 16 1.2x US - mid-market buyout 21- Aurum Proprietary Alternative Funds Single Asset Deal 1 1 23.1 22.9 O3 16 0.7x Europe - mid-marker buyout 22- Laurel Limited Process Financial Institution GP-led Secondary 11 33 101.6 40.7 O3 16 2.1x Europe - diversified 23- TCrirei 18 II Landed Process Multiple Fund Secondary 1 4 41.8 27.6 O3 16 1.7x US - mod anarket buyout 24- Falco Proprietary Alternative Funds Fund Secondary 4 19 13.7 7.1 O3 16 1.7x US - real estate 25- Peak Looted Process Multiple GP-led Secondary 4 79.0 57.2 O4 16 1.2x Europe - ned.markel buyout 26- Amy Proprietary Family Office Fund Secondary 13 95 35.7 15.0 O4 16 1.8x Global -diversified 27- Chaucer Proprietary Fund Secondary 5 1549 81.6 O1 17 1.0x Europe growth equity 28- Westerns Limited Process Multiple GP-led Secondary 2 8 239.7 178.6 O1 17 1.2x US - mid-marker buyout 29- Eddard Limited Process Alleinative Funds Fund Secondary 6 35 51.3 27.6 O1 17 1.5x Europe - mid-market btryoul 30- Sutherland Limited Process Alternative Funds Fund Secondary 1 4 9.5 9.8 O1 17 1.6k Europe - mid-market bewail 31- Christophe Proprietary (WA Fund Secondary 1 12 44.2 3.4 O1 17 0.9x Global - real estate 32- Newton United Process Alternative Funds Fund Secondary 41 968 118.0 4.4 O2 17 4.1x US - doer-sired 33- Maned Proprietary Public lo Private Single Asset Deal 1 1 32.0 31.9 O3 17 1.0x Europe - buyout 34- Gini Proprietary Family Office r HNW Single Asset Deal 1 1 42.0 27.4 O3 17 1.0x US - mid-market buyout 35- Artemis Landed Process SWF Fund Secondary 1 3 11 4 10.5 O3 17 1.3x Eur - mid•marke. b SOF III Closed Total 149 2,837 1,931.2 1162.6 1.4x Cl/ Nonbei of ciarepanies. are INV eMirnate (2) Invested Capital is the Transaction Size and is described as purchase price plus unfunded obligations. Funded capital is the amount funded in each 'Transaction The Net Multiple (TVPI) for SOF III is 1.3x. C31 The pinformarice figures have been calculated based on unauetted fair kthies and slxxiid be and reviewed in cogruncbgfc ;MS; the 'imp tant kxbrunation' and linprtant Performance nionnatice sector performance is not a guerartee or indicator of future results. and there can be no assurance that the Fund will achieve comparable results. Glendower STRICTLY CONFIDENTIAL Capital CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055106 CONFIDENTIAL SDNY_GM_00201290 EFTA01364558