EFTA01389943.pdf

GLDUS132 EverWatch Financial SOF Funds show consistent performance1 Across different fund sizes, fund vintages and economic cycles Net Contributed Capital (as % of Fund Size) Net IRR 301:5 100% min SOF —SOF 11 l oSOF •••• •$.0F 4 ......e5C3F sl 60% 80% 40% 20% 0% 40% — 25 27 29 31 33 35 37 39 41 43 45 20% 20% Quarters from inception -40% 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 -60% Quarters frominception DPI (Distributed to Paid-In Capital) TVPI (Total Value to Paid-In Capital) 204 1.8x -$PF seem`.SOF SOF --SOF 11 --SOF III 1.6x 2.0x 1.4X 1 21 1 54 1.0X 0.9xt 1.04 0.5x 0 4x 0.5x 0,2x 0.0x 001 1 3 5 7 9 11 13 15 It 19 21 23 25 29 .3i 33 35 37 39 41 43 45 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 Quartets fromincepton Caters tromneeption it) Performance figures have been caloLgated based on the unaudited performance results of SOF. -SOF Il and SOF III as of September Sit 2017 anti should be read and reviewed in conjunction with the "Impoltart Information" and Notes to Per lormance Information sections of this presentation. Past pertoneart* not a predk..a..9 of luttee returns and there can be no assurance that S0F IV will acNeve comparable results or thtit any target results m0 pe.tichreved tr4re is no guarantee ti*t future p.eiforniarce will be ccos--stbrit with past performance of SOF. SOF II and SOF Ill. Performance information on SOF 0 has not teen imitated on Mt..: slide because SOF 0 is a single transaction ..top.up fund tamed in 2010 to Ullfierfilite paripassu the Oa Wr1n transaction with SOF. Glendower does not sopc-ct that ssoilar uam.actions will be avertable to SOF IV. Glendower STRICTLY CONFIDENTIAL Capital CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0094311 CONFIDENTIAL SDNY_GM_00240495 EFTA01389943