EFTA01389529.pdf

GLDUS133 Georgetown University Endowment Secondary market driven by global PE market growth... ...And increased propensity to trade Total PE assets have risen to US$2.8 trillion' Annual secondary volumes now 1-2% of total PE2 US$bn 3.000 2.2% • 2.0% • 2,500 - 1.8% 1.6% • 2,000 • 1.4% 1,500 1.2% - 1.0% - 1,000 - 0.8% • 0.6% • 500 - 0.4% 0 0.2% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Ni Unrealised portfolo value Dry powder —As % of total PE assets ii) Source: 2015 Preoln Gobs! Private Equity & Venture Capital Report. 2017 values as at June. C2t $ource. Glundower Capital based on 2018 Preqin C4obal Pilate Eat.* & Vegitute Capital Remt Greenhill Se.e..oritiary tslyvket Tftlroli are: ChYti Jorielt Private Ect .ty Analyst Guide 1:: Secondary Itarket. June 2017. Glendower STRICTLY CONFIDENTIAL Capital CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0093888 CONFIDENTIAL SDNY_GM_00240072 EFTA01389529