EFTA01364562.pdf

GLIDUS236 SOUTHERN FINANCIAL LLC SOF & SOF D Overall transaction summary as of September 30, 2017 Invested capital' Fused capital' Initial Gross Project none Sourcing Seller type Deal type Funds Companies' (US5m) (LISSm) dosing multiple' Portfolio detail 1- Leonardo Proprietary Financial Instilution Fund Secondary 96 609 205.3 166.0 01 07 2.0x US / Europe - dreerscred 2- Sprint Syndication Public to 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- Grovel 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 buyout 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 Office Fund Secondary 2 104 04 0.4 04 08 19x US/Asia - dreersilied 8- Hoover Proprietary Financial institution Fund Secondary 1 4 0.1 0.3 01 09 8.8x US - mezzanine 9- Amadeus I Listed 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 1 2.7 2.6 02 09 0.8x Europe - mid-market buyout 11. Amadeus II Linied Process Allemative Funds Fund Secondary 1 1 5.4 5.5 02 09 3.3x Europe - buyout 12- Hoover IV' Listed Process Alternative Funds Fund Secondary 1 8 3.3 2.6 02 09 2.2x Europe - mid-merket 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 OP-led Secondary 1 7 39.0 32.3 04 09 2.0x Europe - venture capital 15- Hoover VI4 Listed Process Alternative Funds Fund Secondary 2 22 4.8 5.8 01 10 1.7x US / Europe - mid-market buyout 18. Hoover Vila Proprietary HNW/Famty office Fund Secondary 4 78 2.9 2.8 02 10 3.4x US - mid-market buyout 17- Hoover VIII Proprietary HNW/Farmly office 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 IXA Proprietary HNW/Family office Fund Secondary 7 294 0.8 0.7 04 10 2.6x US / Europe - diversified SOF Sub Total 154 1.774 548.8 4313 2.1x 18- DaVinci Proprietary Financial Institution Fund Secondary 28 193 138.1 67.2 03 10 3.0x US Europe - diversified SOF and SOF D Total 154 1.774 606.9 500.5 224 t.lonbei of compzinatx are ben estimate (2) Invested Capital is the Transaction Faze and is described as purchase price plus unfunded obligations Furrieti capital is the amount torsied n each Transaction. The Net Multiple jTVPI) for SOF and SOF D is 1.8x and 2.3x respectively Core erted from FUR to UST using a rate of 1.1821 cfa The performance figures are based on unaudited fair values and shcand be read and renewed rn conµnction with Ire "Important Informaison- and "Impmtarrt Performance Iniognatii-rn- sections. Gross returns are gross of lees, oexailenwv and atoned interest, which aro hot clared at tlw investawitt. level so pedormance is not expected to be represtatative of itiVeRtnlett lOttlrr-4 to investors. Investors Vtltalati CtarittUtt with their Mil ,advisees Os to the appropriate `factors to be considered in ewe:mane this intormation. Past performance is not a pedroaon of future performance, but 0 a imludad to d-smonstraa true Irac record a the Gleinower SOF Tea-m and there can be no assurance that SOF IV will achieve comparable results or tint any target results will be achieved. isft Hoover tfarS.SCOOn4 represent the investments made by SOF via a s.,x6al purpose vehicle r-SFV) attracting iiddkional aio.monter-j, and administrative expenses The aoreat performance for the SP.: may be lower than the performance of the individual uweitmer4s. because the addition amounting and admirosIr arm', 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-0055110 CONFIDENTIAL SDNY_GM_00201294 EFTA01364562