EFTA Document EFTA01391858

GLDUS142 Irons:des Asset Mgmt Benefits of secondary private equity investing Attractiveness of secondary opportunities' Secondaries can result in earlier cash flowsl In '000 Timeframe of secondary investment 1.400 Pricing - Re-price existing funded assets 1,200 Flexibility - Capitalise on pricing inefficiencies 1,000 Mitigate Blind Pool Risk - Knowledge of existing underlying companies - Mature assets typically yield more predictable cash flows 800 600 Hypothetical timing of