EFTA01364561.pdf

GLOUS238 SOUTHERN FINANCIAL LLC SOF Remaining portfolio construction by FMV1 as of September 30, 2017 Overview Investment strategy Sector composition Vintage 2006 6% 0% Fund size US$565m • Large Buyout Healthcare Invested capital 549m • Growth Equity 45% Capital called 421m Special Situations 21% Industrials Distributions, net 756m 1 80x 49% Mezzanine Remaining NAV 20m 005x Total net return US$775m 1 84x 22% Business Services Asset geography Vintage year 10% IT and Technology 2% I 20°k • Pre 2006 5% Financial Services Europe • 2006 90% 46% North Amen ca 2007 10% CI Other 33% 2008 - 2009 1) FM\f= Fair Market 'crake Past perfonnarrTe. is rcrt a guarantee or €ndicstor of future resits, &id tee can be no assurance that the fund will achieve tornpanabte revalts. This page should be reviewed in conjunction tenth the 'important Information' and 'Notes to Investment Performance' sections of this Presentation Glendower STRICTLY CONFIDENTIAL Capital CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0055109 CONFIDENTIAL SDNY_GM_00201293 EFTA01364561