EFTA Document EFTA01355101

GLD0S126 Pacific Lire Insurance Co Secondary market volume remains at record levels Market is evolving with GP-led transactions now representing 25% of volume Secondary market volumes 2006 - 2018F 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018F GP-led Secondary ■ Fund Secondary Source. Glendower C-apitri analysis. and own estimates Lased on Greenhill Secondary Markel Trends & Lk*look, Jemmy 2018: Geenhul! GP Solutiorm DlectNtwn fMterats. May 2017: and Dow Jon-es Rrvater ty Analyst Guide to the Secondary Marker. June 201! . F = FtneCaSt Thece is El* 9:711WIlhe the eVirnate tiFhliatted welmerrafize. Past market volume is not a prediction or Luttarantei of future market volume. Glendower Capital STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0039909 SDNY_GM_00186093 EFTA01355101