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Investor Presentaiton

23 CONFIDENTIAL T}} Secondary Market Landscape 9% 9% 10% 2022 Sellers by Type (Based on $) 8% 4% 2% 11% 38% 10% ■ Public Pension ■Corporate Pension ■SWF FoF ■ Other Endowment / Foundation ■Insurnace Company ■ Bank ■Family Office 74% Seller's Primary Motivation 13% 6% 5% 3% Active Portfolio Regulatory Management Pressure Retracting from Asset Class Distressed/ Liquidity Driven FOF Wind Down Source Evercore Private Capital Advisory, 2022 Secondary Market Survey Results; totals may not sum due to rounding Source: Evercore Private Capital Advisory, 2022 Secondary Market Survey Results; totals may not sum due to rounding Various investor types sell assets, and while motivations vary, active portfolio management has become the primary catalyst.
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