GLDUS183 Dimension Capital Management Secondary market shows a balanced capitalization Strong US$bn 140 120 secondary capital supply'... 125 ... but US$bn 700 600 dry powder/deal volume remains balanced2 Dry Powder 3.7x • Deal volume (*.„,"' Cry Fbw der., Deal Volume 100 - 500 GlendowerCapital estimates that 2.2x annual deal volume is 80 available to deployin Secondaries 400 60 58 300 40 • 200 1., 1 2.2x 20 100 iil MI 0 0 Dry Powder Annual Deal Volume ii) Source: Glendower Capital estimai (2) osue' Glendower Report 2018. Glendower Capital Secondaries Buyout a sed on Greenhill Secondary Pricing Trends & Analysis. January 2018. on 2018 Preget Global Private Foriity & %lemma Caveat Repoit. Greantia Saezeidary Pr con Trends & Analysis. Jwnsary 2018 and Bain & Company Glottal Private Egius STRICTLY CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00184788 DB-SDNY-0038604 EFTA01354012