• Glendower Capital

Deutsche Asset Management

the SOF Team

DPI

Capital

• Newly

Deutsche Bank's

the SOF Program

Deirdre Davies

IRR

New York

Charles Smith

Joshua Glaser

Glendower Capital • Privately

Deutsche Bank

Cambridge Associates Secondaries

Partners

Deutsche Bath

Garr

Deutsche Bar*

Carlo Pirao

Aden

Confidential Private Placement Memorandum

Chi Cheung

SOUTHERN FINANCIAL LLC Section 1: Executive Summery Glendower Capital Secondary Opportunities Fund IV

Carla Pero-Buck Charles Sonnh