EFTA01394766.pdf

GU/0S140 Lawrence Hirsch Secondary market volume remains at record levels Market is evolving with GP-led transactions now representing 25% of volume Secondary market volumes 2006 - 2018F 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018F GP-led Secondary ■ Fund Secondary Source. Glendower 0-apart analysis. and own esajnates Lased on Greenhill Secondary Markel Trends & LASlook, Jancay 2018: Geensul! GP &Attica,* Discr.Kiwn 1Ml.frials. May 2017: and Dow Jon-es Pr;ate &tasty Analyst Guide to the Secondary Marker. June 201! . F = Forecast There la rte warmitee the eVirnate tiFhliatted wilnt erraze. Past market volume is not a prediction or LatsrantE4e of future market volume. Glendower STRICTLY CONFIDENTIAL Capital CONFIDENTIAL - PURSUANT TO FED. R. CRI M. P. 6(e) DB-SDNY-0 100808 CONFIDENTIAL SDNY_GM_00246992 EFTA01394766