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Recommendation Report

Hamilton Lane Time-Zero IRR: Write-Down Ratio: Write-Off Ratio: Definitions (cont.) December 2021 | Proprietary and Confidential Represents the gross IRR calculated as if every investment were initiated on the same date The ratio of capital invested in realized investments that have been sold for a value that is less than 1.0x their original cost basis, divided by the total capital invested in all realized investments The ratio of capital invested in realized investments that have been sold for a value that is less than 0.5x their original cost basis, divided by the total capital invested in all realized investments Executive Summary | General Partner | Investment Strategy | Track Record | ESG | Appendices Georgian Growth Fund VI, LP & Georgian Alignment Fund II, LP | Page 28
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