EFTA01364561

GLOUS238 SOUTHERN FINANCIAL LLC SOF Remaining portfolio construction by FMV1 as of September 30, 2017 Overview Vintage 2006 Fund size US$565m Invested capital 549m Capital called 421m Distributions, net 756m 1 80x Remaining NAV Total net return Asset geography Europe 90% North Amen ca 10% 20m 005x US$775m 1 84x 22% Investment strategy 6% 0% 49% Vintage year 46% 2% I 20°k 33% 45% • Large Buyout • Growth Equity Special Situations Mezzanine • Pre 2006 • 2006 2007 2008 - 2009 1) FM\f= Fair Market 'crake Past perfonnarrTe. is rcrt a guarantee or €ndicstor of future resits, &id tee can be no assurance that the fund will achieve tornpanabte revalts. This page should be reviewed in conjunction tenth the 'important Information' and 'Notes to Investment Performance' sections of this Presentation Glendower Capital STRICTLY CONFIDENTIAL Sector composition 21% 10% 5% Healthcare Industrials Business Services IT and Technology Financial Services CI Other CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0055109 CONFIDENTIAL SDNY_GM_00201293 EFTA01364561