Investor Presentaiton

MEDIAN CURRENT ALLOCATION Limited Partners Are Increasing Allocations to Private Markets Median current allocations of public pension funds increase by 75%+ over last decade 23% 3% 30% INCREASE IN MEDIAN ALLOCATION TO PRIVATE EQUITY & VENTURE CAPITAL 13% 3% 31% INCREASE IN MEDIAN ALLOCATION TO REAL ESTATE 2% 9% 7% 4% 2% 6% 59% INCREASE IN MEDIAN ALLOCATION TO INFRASTRUCTURE 2010 Natural Resources Infrastructure Real Estate 2020 Private Debt 168% INCREASE IN PRIVATE DEBT AUM FROM $315 BN IN 2010 TO $845 BN IN 2019 Private Equity & Venture Capital Source: Global Preqin Data, January 2021. There is no guarantee these trends will continue. INVESTOR DAY 2021 9

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