EFTA01389508.pdf

GLOUSI 33 Georgetown University Endowment Benefits of secondary private equity investing Attractiveness of secondary opportunities' Secondaries can result in earlier cash flows' In 'WO Timeframe of secondary investment 1.400 Pricing - Re-price existing funded assets 1,200 Flexibility — Capitalise on pricing inefficiencies 1,000 800 Hypothetical — Knowledge of existing underlying companies timing of Mitigate Blind secondary 600 Pool Risk — Mature assets typically yield more predictable cash flows transaction 400 \`I 200 Mitigate J- - Shorter duration of investments Curve — Earlier cash distributions 5 6 7 8 9 10 11 (200) Years Complement — Accelerate deployment of capital (400) Portfolio — Provides back-seasoned diversified exposure across vintage, Construction strategy, industry and geography (WO) Capital calls and managen*nt fees Distributions tE00) Cumilabve cash flows (1) This information is for rii,x.uz<nm purposes and i efIrrcts Glendower Capitals own analysis. The graph is an example roe illtrstrative purposes only and the actual profile of any given investment may vary substantially. Glendower STRICTLY CONFIDENTIAL Capital CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0093867 CONFIDENTIAL SDNY_GM_00240051 EFTA01389508