EFTA Document EFTA01394747

GLDUS140 Lawrence Hirsch Benefits of secondary private equity investing Attractiveness of secondary opportunities' Secondaries can result in earlier cash flowsl In 'WO 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 secon