EFTA01393513.pdf

GLDUS130 Aspen Grove Capital. LLC SOF & SOF D Overall transaction summary as of September 30, 2017 Invested cap& Fused capitall Initial Gross Project none Sourcing Seller type Deal type Funds Companies' (US5m) (LtS5m) dosing multiple Ponfobo detail 1- Leonardo Proprietary Financial Instilution Fund Secondary 96 609 205.3 166.0 01 07 2.0x US / Europe - diversthed 2- Sprint Syndication Public lo private Single Asset Deal 1 1 36.0 36.1 03 07 3.0x Europe - buyout 3- Constellation Syndication Attemative Funds OP-led Secondary 1 34 16.5 16.7 03 07 0.9x US / Europe - growth equity 4- Crown Syndication Financial institution OP-led Secondary 1 22 19.4 21.6 04 07 1.7x Europe - special situations 5- Freedom Syndication Pension OP-led Secondary 1 3 15.0 12.1 02 08 0.3x US - mid-market buyoul 6- Pigeon United Process Alternative Funds Fund Secondary 1 20 22.8 24.7 04 08 1.3x US - mid-market buyout 7- Hoover 14 Proprietary HMN/Family Circe Fund Secondary 2 104 04 0.4 04 08 19x US/Asia - dreersilied 8- Hoover II' Proprietary Financial Institution Fund Secondary 1 4 0.1 0.3 01 09 8.8x US - mezzanine 9- Amadeus I Lasted Process Endowment Fund Secondary 1 11 16.1 16.2 01 09 2.4x Europe - buyout 10- Hoover194 United Process Financial Institution Fund Secondary 1 2.7 2.6 02 09 0.8x Europe - inkl-market buyout 11. Amadeus II Lasted Process Alternative Funds Fund Secondary 1 1 5.4 5.5 02 09 3.3x Europe - buyout 12- Hoover IV' Linired Process Alternative Funds Fund Secondary 1 8 3.3 2.6 02 09 2.2x Europe - mid-market buyout 13- Hoover V Limited Process Financial Institution Fund Secondary 1 14 3.4 3.5 04 09 1.74 US - mezzanine 14/21- Bach Proprietary Multiple GP-led Secondary 1 7 39.0 32.3 04 09 2.0x Europe - venture capital 15- Hoover V14 Lasted Process Alternative Funds Fund Secondary 2 22 4.8 5.8 01 10 1.7x US / Europe - mid-market buyoul 16- Hoover Vila Proprietary HNW/Famty office Fund Secondary 4 78 2.9 2.8 02 10 3.4x US - michinarket buyout 17- Hoover VIII Proprietary HNW/FamJy offioe Fund Secondary 196 0.5 0.5 03 10 2.8x US - mid-market buyout 18- DaVati Proprietary Financial Institution Fund Secondary 28 193 103.3 53.7 03 10 3.0x US Europe - diversified 19- Imperial Proprietary Financial Institution Fund Secondary 2 152 51.1 29.4 04 10 19x US Europe - mezzanine 20- Hoover 1XA Proprietary HNW/Family office Fund Secondary 7 294 0.8 0.7 04 10 2.6x US / Europe - diversified SOF Sub Total 154 1.774 648.8 4313 2.1x 18- DaVanci Proprietary Financial institution Fund Secondary 28 193 138.1 67.2 03 10 3.0x US Europe - diversified SOF and SOF Total 154 1.774 606.9 500.5 2 2* Ii Number of comaliesare best estimate (2) Invested Capitol is the Transaction Size and is described as puicOase pone FAA unfunded obligations. Furrieti capital radii amount fasted n each Transaction. The Net Multiple iTVPI) for SOF and SOF U is 1.8x and 2.3x respectively Core erted Iran FUR to UST using a rate of 1.1821 f2) The performance figures are based on unaudited fair values and shcsnd be read and reviewed in conµnction with Me "Important Information" and "Impatarrt Performance Iniognats-in- sections. Gross returns are gross of lees, isissenssis and caned interest, which are hot Oared at tlw investment level so pedormance is not itpactorl to berepresertative of itiVeRtnlett ,otttn to inVOStr)t S. InvestorsVtltalati CtarittUtt with their czart,advisees Os to the ie.:dr:wrote factors to be considered in ew:mond this intormation. Past performance is not a pedroson of future performance, but 0 a irtliclast to dcmorntrata the trac record a the Glereicriesr SOF Team and there can be no assurance that SOF IV will achieve comparable results or tint any target results will be achieved. (43 Hoover toirsacticiffs represent the iriveStruE-ntS reiride by SOF via a speca€ purporbe vehicle i -SFVT) attracting iiddkional atom...Mind; and administrative expenses The actual performance for the SP.: may be lower than the performance of the individual unrestmer4t because of the additional amounting and admirosIr atm', expenses. The aggregate net multiple of this SPV, Including the lees and expenses is 1.9x Glendower STRICTLY CONFIDENTIAL 56 Capital CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0099090 CONFIDENTIAL SDNY_GM_00245274 EFTA01393513