EFTA01386462
EFTA01386463 DataSet-10
EFTA01386464

EFTA01386463.pdf

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GLDUS238 SOUTHERN FINANCIAL LLC Secondary market shows a balanced capitalization Strong secondary capital supply'... ... but dry powder/deal volume remains balanced2 US$bn US$bn 140 700 125 Dry Powder 3.7x • Deal volume 120 600 <1- Cry Fbw der., Deal Volume 100 - 500 GlendowerCapital estimates that 2.2x annualdeal volume is 80 available to deployin Secondaries 400 60 58 300 40 • 200 ••• a:, 2.2X 20 100 ii ill 0 0 Dry Powder Annual Deal Volume Secondaries Buyout it) Source: Glendower Capital estima a sed on Greenhill Secondary Pricing Trends & Analysis. January 2018. (2? $ource. Glendowe t".ada€ 2018 Preget Gictal Nato Feritty & \immure Capital Repent. Greenhill Seeceidarg Pricsnp Trans & Analysis. January 2018 and Bain & Company Gleba! Private Eqkt. Report 2018. Glendower STRICTLY CONFIDENTIAL Capital CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0088177 CONFIDENTIAL SDNY_GM_00234361 EFTA01386463
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EFTA01386463
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DataSet-10
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1

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