Absolute Return Strategies Presentation slide image

Absolute Return Strategies Presentation

Client Private Asset Program Reporting Performance Summary (8 in thousands) Tatal Total [A] Partnership Dom D C June 30 2016 156 5,461,198 3.239,792 1535061 F From Date: 30 June 2016 To Date: 30 September 2016 CLIFFWATER. 2832991 C Tonal W B-A 4267993 1,028,201 10.72% September 30 2016 162 5505435 3374,159 1,756460 2744604 4501,163 1,127,004 1097 Change $134,337 $134.307 $121,407 $111,763 $2303,170 $90,003 li Cumulative Percentage Drawn = ali Cumulative Distributions 2004 2009 2011 2012 13013 2004 201 2018 2001 2008 2013 2014 2018 *parships in the year of liquidation PORTFOLIO Program Summary Since Inception Inception Date January 31, 2006 Total Commitments $5.595 million Total Contributions $3,374 million Total Distributions $1,753 million Fair Values $2,745 million Net IRR 10.90% Net TVPI 1,33x Net DPI 51.95% Dashboard Research & Publications Gabrielle Zadra As of September 30, 2016 Private Equity ANALYTICS QUARTERLY COMMENTARY PORTFOLIO CONSTRUCTION Portfolio Exposure in thousands Capry Вр UHA Exer Meanin in millions) Annual Commitments $700 3000- 1300 2000 2007 2010 2012 2013 2014 2018 Vintage Year BATT 56509 SHETOT STAND 144 1436 Venture Capital 740908 Noniz Pr 3374.959 F M 18:30% 150% 4501-3 關 135 Client private assets portfolio data maintained by Cliffwater Clients can access and export portfolio data via Cliffwater's secure website Cliffwater provides quarterly client reports that include: - Performance by portfolio, strategy, vintage year, and partnership - - Significant partnership events Portfolio characteristics from company level data for funds and for the total portfolio Provided to illustrate client reporting only. CLIFFWATER IC | 33
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