EFTA01386467.pdf

GLDUS238 SOUTHERN FINANCIAL LLC SOF Ill Portfolio - Highlights Gross invested capital breakdown Overview Investment strategy Sector composition Vintage 2014 • Large Buyout Fund size US$1.654m Consumer Gross invested capital 1 931m • Mid-Market Buyout Healthcare Performance as of September 30, 2017 Growth Equity Capital called 1.036m Real Estate I* Industrials co Distributions. net 316m 0.30x Other Remaining NAV 1.026m 0.99x Real Estate 58% Total net return US$1.342m 130x 30% Financial Services Asset geography Vintage year Business Services 12% 10% • Pre 2005 17% 24% • 2005 - 2006 CI Technology 0 2007 - 2008 Europe Asia Comrrunications & Media 45% Pacific 2009 -2011 North 8% li America 2012 - 2015 3% Natural Resources 4,4% RoW Alit flit II 2016 - 2017 3% 26% Other 5%1i As at fripttisthor ?O. 2017. Past performwsze is not a gutgantee or inrIcator ci ilitE6 results . and :heft. Pan be no assurance that the fund will achieve cuntrAseble results TI,i, page should be reviewed in conjunction with the 'Important Irdonnation• and 'Notes to Irrrestment Peiforrnonce' sections of this Presentation Glendower STRICTLY CONFIDENTIAL Capital CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0088181 CONFIDENTIAL SDNY_GM_00234365 EFTA01386467