EFTA01394768
EFTA01394769 DataSet-10
EFTA01394770

EFTA01394769.pdf

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GLOUS140 Lawrence Hirsch 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 Povaler 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:, 2.2s 4, 20 100 iil MI 0 0 Dry Powder Annual Deal Volume Secondaries Buyout ii) Source: Glendower Capital astir,' ai a sed on Greenhill Secondary Pricing Trends & Analysis. January 2018. (2) ource, Glendower C.L.wit on 2018 Progin Global Private Ferirty & %Immure Cap at Repoit Greenria Secceidary Prit4rgy Trends & analysis. Jwnsary 2018 and Rain & Company Global ••dt Report 2018. Glendower STRICTLY CONFIDENTIAL Capital CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 100811 CONFIDENTIAL SDNY_GM_00246995 EFTA01394769
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EFTA01394769
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DataSet-10
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1

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