Skip to main content
Skip to content
Case File
sd-10-EFTA01355565Dept. of JusticeOther

EFTA Document EFTA01355565

GLOUStift Greg Martin Stable secondary pricing driven by rational participants n 2017 average pricing of 93% of NAV as of record dates Secondary market pricing of private equity fund interests remains stable Pricing 110 100 90 Overheated m arket in 2006 and 2007 Premiums paid for over-levered companies marked to the top of the market % of NAV 108 104 Few transacbons dosed at this pricing Mostly unfunded LP interests 83 82 80 87 Pricing back to normalized historical levels -

Date
Unknown
Source
Dept. of Justice
Reference
sd-10-EFTA01355565
Pages
1
Persons
0
Integrity
Loading PDF viewer...

Summary

GLOUStift Greg Martin Stable secondary pricing driven by rational participants n 2017 average pricing of 93% of NAV as of record dates Secondary market pricing of private equity fund interests remains stable Pricing 110 100 90 Overheated m arket in 2006 and 2007 Premiums paid for over-levered companies marked to the top of the market % of NAV 108 104 Few transacbons dosed at this pricing Mostly unfunded LP interests 83 82 80 87 Pricing back to normalized historical levels -

Ask AI About This Document

Extracted Text (OCR)

EFTA Disclosure
Text extracted via OCR from the original document. May contain errors from the scanning process.
GLOUStift Greg Martin Stable secondary pricing driven by rational participants n 2017 average pricing of 93% of NAV as of record dates Secondary market pricing of private equity fund interests remains stable Pricing 110 100 90 Overheated m arket in 2006 and 2007 Premiums paid for over-levered companies marked to the top of the market % of NAV 108 104 Few transacbons dosed at this pricing Mostly unfunded LP interests 83 82 80 87 Pricing back to normalized historical levels - Stable for 7 years at 80-90ca Annual volume USSbn 60 55 92 .93 50 90 89 45 40 80 70 35 70 63 30 25 60 20 50 15 10 40 5 30 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Secondary market volume —Secondary market pricing Bubble Crisis Normalized irce- Glendower eapitalartatysitt at estimates base-j Un Gieerthill Secondary Maritsa Trends & Outlook izetti 2iJiS. Cegere Parkins Sect:eatery Attain Treads & Duna* J4 :2014.; f.:4:-.41er-4 Partners Secondwy Artifact Update, March Wet9". aid Dow Jonee Private Equity Analyst Guide to the Secondary Market. June 201? Glendower Capital STRICTLY CONFIDENTIAL 32 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0040775 SDNY_GM_00186959 EFTA01355565

Related Documents (6)

Dept. of JusticeOtherUnknown

EFTA Document EFTA01486250

JPMorgan Private Bank August 1. 2007 throw h Au ust 31. 2007 Account JPMorgan Private Access Checking •••edir..•••••••1‘••••• •••••••••1••••••••,••• pl••••• ota.• %PM rine fall 817O9197 Jeffrey Epstein AUG21 #0000001646$5,000.00 AUG21 #0000001646$5,000.00 ••••••••••••11•••• wee 1•47 I iirilw? si•atIWAriteen1, 1' ;Ai ...2•••••••••• 50or a Ose0OP $.44021.0 onasilftroitirer Mos ci.rowsa Far::::415WIRIAgin; ma " r; 2". 400 # 887C45752? AUG 29 #0000001647 $100,000.00 A

1p
Dept. of JusticeOtherUnknown

EFTA Document EFTA01402977

Deutsche Bank Private Wealth Management Authorization for Asset Movement For Non-Retirement Accounts the ondersignBd hereby aulhoriies and directs Deutsche Bank Alex. Brown ("Deutsche Bank Alex. Brown" or "DBAB") to follow the below asset movement instructions. If you wish to request multiple wires, checks, journals or free delivenes, please use the long form. DBAB Account Name: Zorro Development Corp .A"-cun: #; 42955542 Journal Q Journal Funds in the amount of $ U Journal Holding

3p
DOJ Data Set 10OtherUnknown

EFTA01703829

100p
Dept. of JusticeOtherUnknown

EFTA Document EFTA01401418

Deutsche Bank Private Wealth Management Authorization for Asset Movement For Non-Retirement Accounts The undersigned hereby authorizes end directs Deutsche Bank Alex. Brown ("Deutsche Bank Alex. Brown' or "DBAB'l to follow the below asset movement instructions. If you wish to request multiple wires, checks, journais or free deliveries, please use the long form. DBAB Account Name: NES^ LLC Account #: Journal Q Journal Funds in the amount of £ Q Journal Holdings: Oty/Symbol/Security:

3p
Dept. of JusticeOtherUnknown

EFTA Document EFTA01361536

From: Paul Morris Sent: 4/4/2016 3:11:31 PM To: Stewart Oldfield Subject: FW: 35269691 - JEFFREY EPSTEIN - [II Sony ---Original Message--- From: Paul Morris Sent: Monday, April 04, 2016 03:10 PM Eastern Standard Time To: Armen Brash Cc: Melinda Roy Subject: RE: 35269691 - JEFFREY EPSTEIN - [I] I believe we got it back today ---Original Message-- From: Armen Brash Sent: Monday, April 04, 2016 03:07 PM Eastern Standard Time To: Stewart Oldfield; Paul Morris Subject: FW: 35269691

1p
Dept. of JusticeOtherUnknown

EFTA Document EFTA01282879

Deutsche Asset & Wealth Management DBTCA Deposit Account Opening Application Private Wealth Premium!" Elite Personal Accounts Checking Acct. I O Elite C • • Acct. APY O Elite Mono Market Do os Acct. APY O Certificate of Deposit Acct. I APY Term O DB AG NY Preferred Certificate of Deposit Met. N APY Term Promo term 108TCA deposit account required, along with a DO AG Prelersed 'Terms and Conditions) Private Wealth Premium^. Internet Banking Services O O9 Private Wea

3p

Forum Discussions

This document was digitized, indexed, and cross-referenced with 1,400+ persons in the Epstein files. 100% free, ad-free, and independent.

Annotations powered by Hypothesis. Select any text on this page to annotate or highlight it.