GLDUS183 Dimension Capital Management
Benefits of secondary private equity investing
Attractiveness of secondary opportunities1 Secondaries can result in earlier cash flows'
In 'WO
Timeframe of secondary investment
1.400
Pricing - Re-price existing funded assets 1,200
Flexibility - Capitalise on pricing inefficiencies
1.000
800 Hypothetical
- Knowledge of existing underlying companies timing of
Mitigate Blind secondary
600
Pool Risk - Mature assets typically yield more predictable cash flows transaction
400
.* I
200
Mitigate J- - Shorter duration of investments
Curve - Earlier cash distributions
6 7 8 9 10 11
(Z10) Years
Complement - Accelerate deployment of capital
(400)
Portfolio - Provides back-seasoned diversified exposure across vintage,
Construction strategy, industry and geography (COO) Capital calls and management fees
Distributions
(8001 Cumtlabve cash flows
(It This information is for riiiP .0 t`,5 purposes an<1 reflrrcts Glendower Capitals own analysis. The graph is an example roe illtrstrative purposes only and the actual profile of any given investment may vary substantially.
Glendower STRICTLY CONFIDENTIAL
Capital
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0038581
CONFIDENTIAL SDNY_GM_00184765
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