The document provides an analysis of the investment performance of Glendower Capital's Secondary Opportunities Funds (SOF, SOF II, and SOF III). It highlights the consistency in performance metrics such as Net Contributed Capital, Net IRR, TVPI, and DPI across different economic cycles. The funds show a peak in Net Contributed Capital below 50% around 16 quarters from inception, with Net IRR stabilizing at around 20% after 20 quarters. Capital is typically returned in about 24 quarters, and TVPI converges to a range of 1.65 - 1.65x by liquidation. The document emphasizes that past performance is not indicative of future results.
doj/DataSet10/EFTA01391408.pdf
{}