GLDUS183 Dimension Capital Management Benefits of secondary private equity investing Attractiveness of secondary opportunities1 Pricing Flexibility Mitigate Blind Pool Risk Mitigate JCurve Complement Portfolio Construction - Re-price existing funded assets - Capitalise on pricing inefficiencies - Knowledge of existing underlying companies - Mature assets typically yield more predictable cash flows - Shorter duration of investments - Earlier cash distributions - Accelerate deployment of capital - Provides back-seasoned diversified exposure across vintage, strategy, industry and geography Secondaries can result in earlier cash flows' In 'WO 1.400 1,200 1.000 800 600 400 200 (Z10) (400) (COO) (8001 Hypothetical timing of secondary transaction .* I Timeframe of secondary investment 6 7 8 9 10 11 Years Capital calls and management fees Distributions 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 Capital STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0038581 SDNY_GM_00184765 EFTA01353989