Q2 2013 Preqin Private Equity Benchmarks: All Private Equity Benchmark Report

Preqin Private Equity Benchmarks: All Private Equity Benchmark Report

As of 30th June 2013

alternative assets. intelligent data. Preqin Private Equity Benchmarks: All Private Equity Benchmark Report

As of 30th June 2013

Report Produced on 12th March 2014

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While reasonable efforts have been used to obtain information from sources that are believed to be accurate, and to conﬁ rm the accuracy of such information wherever possible, Preqin Ltd. Does not make any representation or warranty that the information or opinions contained in the report are accurate, reliable, up-to-date or complete.

Although every reasonable effort has been made to ensure the accuracy of this publication Preqin Ltd. does not accept any responsibility for any errors or omissions within the report or for any expense or other loss alleged to have arisen in any way with a reader’s use of this publication. Preqin Private Equity Benchmarks: All Private Equity Benchmark Report

As of 30th June 2013

Report Produced on 12th March 2014

Median Benchmark - All Private Equity All Regions - As of 30th June 2013 ...... p4. Median Benchmark - All Private Equity North America - As of 30th June 2013 ...... p6. Median Benchmark - All Private Equity Europe - As of 30th June 2013 ...... p8. Median Benchmark - All Private Equity Asia - As of 30th June 2013 ...... p10. Weighted Benchmark - All Private Equity All Regions - As of 30th June 2013 ...... p12. Pooled Benchmark - All Private Equity All Regions ...... p14. Horizon IRRs - As of 30th June 2013...... p16. List of Constituent Funds ...... p20.

Preqin Private Equity Benchmarks ® are calculated using performance information available from our online Performance Analyst database, the world’s most extensive, transparent database of private equity fund performance. Users of the online database have access to all of the underlying fund performance data used to calculate these benchmarks. With performance for over 6,700 private equity funds, the Performance Analyst online database is regularly updated and fully searchable. Further information can be found at www.preqin.com/pa.

All the performance ﬁgures used to generate the Preqin Private Equity Market Benchmarks are net position to investor – i.e. all commitments, contributions, distributions, remaining values and IRRs are all based on the net position for the institutional investor before tax but after the management fees and carry of the general partner.

The Preqin All Private Equity Market Benchmark is based on performance data for 3,929 funds of vintages 1981 to 2013 as of 30th June 2013.

Preqin gathers fund returns information from a very wide and diverse range of sources, including public institutions via freedom of information legislations, published reports of a number of listed fund of funds vehicles and GP voluntary contributions. The sheer extent of the data sources that we now use provides many opportunities to crosscheck and verify data for an individual partnership from different sources, and increases our conﬁdence in the data.

A growing number of GPs have concluded that it is in their best interests to voluntarily share information on their partnerships: given that many prospective investors are seeing this information, it is better that they should have access to the most current and accurate figures possible. Even where data comes direct from the GP, however, our aim is still to show the net position for LPs, after management fees and carry. We are again very grateful to the significant number of GPs who now share data with us in this way; currently 800 GPs are contributing data on their funds. If you would like further details on contributing information on your firm please contact us at [email protected]. Q2 2013 Preqin Private Equity Benchmarks: All Private Equity Benchmark Report

Preqin Median Benchmarks: All Private Equity All Regions as of 30th June 2013

Median Fund Multiple Quartiles (X) IRR Quartiles (%) IRR Max/Min (%) No. Called Dist Value Vintage Q1 Median Q3 Q1 Median Q3 Max Min Funds (%) (%) DPI (%) RVPI 2013 72 8.9 0.0 91.0 1.00 0.92 0.72 n/m n/m n/m n/m n/m 2012 179 20.3 0.0 95.3 1.12 0.99 0.84 n/m n/m n/m n/m n/m 2011 230 39.5 1.2 99.6 1.20 1.07 0.95 n/m n/m n/m n/m n/m 2010 174 65.0 7.8 102.9 1.31 1.16 1.04 17.7 10.1 4.0 77.8 -92.9 2009 138 76.7 16.9 99.3 1.48 1.25 1.05 20.1 12.5 4.8 451.0 -33.0 2008 336 82.5 22.1 95.1 1.39 1.22 1.07 14.8 8.6 3.7 55.6 -30.2 2007 378 89.6 30.0 88.9 1.44 1.25 1.06 13.1 7.9 2.9 59.7 -76.2 2006 337 94.3 41.8 78.0 1.47 1.27 1.02 10.7 6.7 0.9 28.0 -100.0 2005 288 97.0 57.7 62.4 1.54 1.28 1.00 11.3 6.9 2.1 104.9 -100.0 2004 164 98.0 73.8 52.6 1.74 1.38 1.03 14.6 7.8 0.8 79.9 -26.0 2003 130 98.6 115.6 37.0 1.87 1.54 1.28 20.8 12.6 6.7 59.4 -49.9 2002 114 100.0 130.1 17.9 1.88 1.55 1.26 24.2 12.5 6.7 78.8 -17.5 2001 151 100.0 132.3 17.7 2.10 1.55 1.20 24.0 11.0 4.1 94.0 -23.9 2000 223 99.0 128.0 12.5 1.96 1.45 1.09 18.3 8.7 1.5 137.9 -66.2 1999 151 100.0 141.3 2.7 1.81 1.46 0.92 14.4 9.0 0.4 154.7 -40.6 1998 140 100.0 144.5 0.0 1.85 1.47 1.09 16.7 9.3 2.1 1015.7 -100.0 1997 124 100.0 162.0 0.0 2.30 1.66 1.17 24.1 12.5 3.9 267.8 -45.7 1996 92 100.0 157.7 0.0 2.13 1.58 1.16 20.8 10.6 5.1 188.4 -33.3 1995 73 100.0 187.2 0.0 2.43 1.88 1.23 31.6 17.0 5.9 218.3 -22.0 1994 70 100.0 187.5 0.0 2.31 1.86 1.37 35.4 17.9 9.8 94.1 -15.9 1993 68 100.0 232.4 0.0 3.41 2.32 1.52 42.7 20.0 10.7 87.4 -29.1 1992 50 100.0 176.8 0.0 2.44 1.77 1.18 25.7 16.8 5.8 87.2 -49.9 1991 29 100.0 219.2 0.0 2.98 2.19 1.68 28.4 21.7 11.6 63.0 -0.5 1990 40 100.0 197.4 0.0 2.45 1.97 1.38 24.7 16.0 8.7 74.4 -4.2 1989 47 100.0 220.2 0.0 3.09 2.20 1.60 25.0 16.4 11.0 198.5 -42.1 1988 28 100.0 215.6 0.0 3.00 2.16 1.82 30.0 13.9 10.1 54.3 -9.3 1987 32 100.0 200.5 0.0 2.47 2.01 1.45 18.6 10.1 6.1 31.3 -12.4 1986 18 100.0 194.8 0.0 4.29 1.95 1.45 24.0 9.9 5.7 280.0 1.4 1985 20 100.0 266.1 0.0 3.24 2.66 1.95 19.4 13.7 10.4 27.0 7.7 1984 15 100.0 199.2 0.0 2.85 1.99 1.44 13.8 10.6 7.3 96.2 1.7 1983 10 100.0 173.1 0.0 2.89 1.73 1.31 15.9 8.4 3.6 35.4 -3.5 1982 8 100.0 210.7 0.0 3.16 2.11 1.48 n/a 9.3 n/a 39.2 -1.6

Source: Preqin Performance Analyst

Preqin Median Benchmarks: All Private Equity All Regions is calculated using data for 3,929 funds of vintages between 1982 and 2013 with performance as of 30th June 2013 and includes liquidated funds. Preqin holds performance data for more than 6,600 private equity funds. All returns are net of management fees, expenses and carry.

All Private Equity All Regions - Median Called, Distributions and Residual Value Ratios by Vintage as of 30th June 2013

180 160 140 120 100 % 80 60 40 20 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Distributions to Paid-in Capital (%) Residual Value to Paid-in Capital (%) Called-up to Committed Capital (%)

Source: Preqin Performance Analyst

All Private Equity All Regions - Median Net IRRs and Quartile Boundaries by Vintage as of 30th June 2013

5 Net IRR since Inception (%) 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Top Quartile IRR Boundary Median IRR Bottom Quartile IRR Boundary

Source: Preqin Performance Analyst

Preqin Median Benchmarks: All Private Equity North America as of 30th June 2013

Median Fund Multiple Quartiles (X) IRR Quartiles (%) IRR Max/Min (%) No. Vintage Called Dist Value Funds Q1 Median Q3 Q1 Median Q3 Max Min (%) (%) DPI (%) RVPI 2013 45 10.0 0.0 93.5 1.02 0.95 0.79 n/m n/m n/m n/m n/m 2012 116 24.0 0.0 98.0 1.13 1.00 0.94 n/m n/m n/m n/m n/m 2011 130 43.3 2.8 102.8 1.22 1.09 1.01 n/m n/m n/m n/m n/m 2010 115 65.6 8.9 103.7 1.31 1.19 1.06 18.4 11.2 6.4 77.8 -92.9 2009 85 80.3 20.1 101.2 1.49 1.28 1.18 20.7 14.0 8.4 88.5 -13.0 2008 197 83.5 26.0 95.0 1.42 1.25 1.11 16.3 9.5 4.9 42.5 -30.2 2007 220 91.2 36.6 88.7 1.47 1.29 1.12 13.7 8.4 4.2 59.7 -36.8 2006 215 95.8 44.0 78.1 1.46 1.26 1.03 10.7 6.7 1.0 26.6 -100.0 2005 179 96.6 55.0 64.0 1.54 1.29 1.04 10.4 6.3 1.6 38.7 -66.3 2004 118 99.2 71.0 53.0 1.67 1.36 0.99 13.9 7.2 -0.3 66.7 -26.0 2003 85 98.7 111.0 36.7 1.79 1.54 1.29 19.4 12.1 6.4 58.0 -49.9 2002 83 100.0 121.3 20.0 1.84 1.52 1.15 22.2 10.6 5.0 78.8 -17.0 2001 105 100.0 126.9 20.1 1.92 1.52 1.17 20.1 10.5 2.6 94.0 -23.9 2000 162 99.1 119.6 16.9 1.87 1.42 1.09 17.0 8.1 1.4 137.9 -66.2 1999 115 100.0 136.2 3.8 1.79 1.41 0.87 13.5 8.0 -2.1 154.7 -40.6 1998 105 100.0 139.4 0.0 1.72 1.40 0.94 14.7 8.6 -0.1 514.3 -46.1 1997 87 100.0 164.2 0.0 2.33 1.72 1.22 24.1 13.3 4.4 267.8 -21.6 1996 75 100.0 157.1 0.0 2.06 1.58 1.16 19.9 10.3 4.3 188.4 -33.3 1995 58 100.0 189.1 0.0 2.55 1.91 1.38 31.6 17.9 10.0 218.3 -22.0 1994 52 100.0 184.7 0.0 2.25 1.83 1.34 32.3 17.9 7.1 94.1 -15.9 1993 56 100.0 230.0 0.0 3.40 2.30 1.56 39.9 18.9 9.9 87.4 -29.1 1992 36 100.0 176.8 0.0 2.54 1.77 1.18 25.7 17.5 6.0 87.2 -49.9 1991 18 100.0 222.0 0.0 3.11 2.22 1.74 40.9 17.3 11.6 63.0 -0.5 1990 28 100.0 211.0 0.0 2.69 2.11 1.66 23.7 16.4 9.4 74.4 -4.2 1989 39 100.0 227.2 0.0 3.12 2.27 1.60 26.2 14.8 10.2 198.5 -42.1 1988 21 100.0 227.9 0.0 3.33 2.28 2.11 31.4 19.4 12.3 54.3 2.4 1987 27 100.0 210.5 0.0 2.84 2.10 1.43 19.6 14.2 5.1 31.3 -12.4 1986 17 100.0 194.2 0.0 3.87 1.95 1.45 18.7 9.5 5.7 280.0 1.4 1985 13 100.0 266.2 0.0 3.17 2.66 1.79 17.5 13.4 9.9 21.3 7.7 1984 9 100.0 198.9 0.0 3.11 1.99 1.44 21.4 11.4 7.3 96.2 6.4 1983 7 100.0 181.3 0.0 n/a 1.81 n/a n/a 8.4 n/a 35.4 -3.5 1982 4 100.0 182.6 0.0 n/a 1.83 n/a n/a 8.9 n/a 39.2 -1.6

Source: Preqin Performance Analyst

Preqin Median Benchmarks: All Private Equity North America is calculated using data for 2,622 funds of vintages between 1982 and 2013 with performance as of 30th June 2013 and includes liquidated funds. Preqin holds performance data for more than 4,400 North American private equity funds. All returns are net of management fees, expenses and carry.

All Private Equity North America - Median Called, Distributions and Residual Value Ratios by Vintage as of 30th June 2013

200 180 160 140 120

% 100 80 60 40 20 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Distributions to Paid-in Capital (%) Residual Value to Paid-in Capital (%) Called-up to Committed Capital (%)

Source: Preqin Performance Analyst

All Private Equity North America - Median Net IRRs and Quartile Boundaries by Vintage as of 30th June 2013

Net IRR since Inception (%) 0

-5 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Top Quartile IRR Boundary Median IRR Bottom Quartile IRR Boundary

Source: Preqin Performance Analyst

Preqin Median Benchmarks: All Private Equity Europe as of 30th June 2013

Median Fund Multiple Quartiles (X) IRR Quartiles (%) IRR Max/Min (%) No. Vintage Called Dist Value Funds Q1 Median Q3 Q1 Median Q3 Max Min (%) (%) DPI (%) RVPI 2013 14 8.3 0.0 80.0 1.00 0.80 0.01 n/m n/m n/m n/m n/m 2012 37 17.0 0.0 91.3 1.08 0.93 0.74 n/m n/m n/m n/m n/m 2011 48 33.8 0.0 91.9 1.10 0.98 0.86 n/m n/m n/m n/m n/m 2010 36 60.9 4.6 101.4 1.31 1.16 1.03 15.4 7.4 2.0 24.0 -7.9 2009 36 67.9 10.8 92.3 1.29 1.10 1.03 14.8 9.9 2.4 451.0 -9.0 2008 77 78.4 12.4 94.7 1.33 1.16 1.02 12.5 7.0 2.4 55.6 -27.7 2007 95 86.0 21.2 89.8 1.35 1.17 0.96 10.3 5.9 0.2 53.7 -76.2 2006 74 90.5 32.1 78.7 1.40 1.23 0.98 9.0 5.9 -1.8 28.0 -20.9 2005 70 98.1 53.9 64.3 1.50 1.26 0.92 13.8 7.4 4.7 68.0 -100.0 2004 30 93.7 96.7 52.9 1.96 1.52 1.20 18.0 9.4 6.0 79.9 -21.0 2003 36 96.8 126.0 38.4 2.23 1.63 1.26 32.8 14.7 7.9 59.4 -1.0 2002 23 96.1 138.8 16.3 2.24 1.59 1.45 30.3 16.5 8.9 52.1 -17.5 2001 36 99.1 135.0 17.6 2.10 1.55 1.41 24.7 11.2 7.5 46.9 -11.3 2000 43 99.0 159.9 4.0 2.34 1.68 1.19 26.7 16.7 3.3 34.0 -12.8 1999 32 99.3 151.5 0.0 1.95 1.56 1.20 19.3 12.3 5.8 39.6 -14.1 1998 22 100.0 161.4 0.0 2.00 1.61 1.19 18.7 10.2 3.4 31.3 -3.0 1997 30 100.0 149.9 0.0 2.14 1.50 1.05 24.0 9.7 2.6 84.0 -45.7 1996 11 100.0 154.4 0.0 2.21 1.54 0.63 21.8 17.2 9.6 22.9 -17.7 1995 12 100.0 168.9 0.0 2.77 1.69 1.07 44.6 11.6 1.9 76.2 -19.9 1994 15 100.0 202.1 0.0 2.55 2.03 1.65 44.4 22.4 11.3 58.0 10.1 1993 10 100.0 251.0 0.0 7.88 2.51 1.26 57.0 25.2 13.0 69.4 0.8 1992 12 100.0 193.3 0.0 2.28 1.94 1.46 40.3 15.9 7.3 53.6 4.8

Source: Preqin Performance Analyst

Preqin Median Benchmarks: All Private Equity Europe is calculated using data for 799 funds of vintages between 1992 and 2013 with performance as of 30th June 2013 and includes liquidated funds. Preqin holds performance data for more than 1,900 European private equity funds. All returns are net of management fees, expenses and carry.

All Private Equity Europe - Median Called, Distributions and Residual Value Ratios by Vintage as of 30th June 2013

180 160 140 120 100 % 80 60 40 20 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Distributions to Paid-in Capital (%) Residual Value to Paid-in Capital (%) Called-up to Committed Capital (%)

Source: Preqin Performance Analyst

All Private Equity Europe - Median Net IRRs and Quartile Boundaries by Vintage as of 30th June 2013

0 Net IRR since Inception (%)

-10 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Top Quartile IRR Boundary Median IRR Bottom Quartile IRR Boundary

Source: Preqin Performance Analyst

Preqin Median Benchmarks: All Private Equity Asia

Median Fund Multiple Quartiles (X) IRR Quartiles (%) IRR Max/Min (%) No. Vintage Called Dist Value Funds Q1 Median Q3 Q1 Median Q3 Max Min (%) (%) DPI (%) RVPI 2013 10 8.1 0.0 84.2 1.02 0.84 0.00 n/m n/m n/m n/m n/m 2012 23 17.6 0.0 94.9 1.15 0.97 0.77 n/m n/m n/m n/m n/m 2011 49 37.5 0.1 95.0 1.07 1.02 0.90 6.8 1.6 -11.6 43.0 -44.1 2010 20 66.8 8.4 95.7 1.29 1.05 0.96 21.1 2.6 -9.2 59.1 -24.9 2009 16 68.8 2.0 98.3 1.25 1.14 0.93 14.9 10.0 0.5 20.3 -19.7 2008 67 82.6 17.2 85.0 1.25 1.10 0.96 11.5 4.9 0.5 31.0 -36.1 2007 59 90.1 15.7 90.0 1.40 1.14 0.96 12.4 7.0 -0.1 24.7 -19.5 2006 40 93.0 44.7 69.7 1.43 1.27 1.00 12.9 6.6 0.2 35.5 -19.2 2005 37 100.0 90.2 41.7 1.77 1.33 0.96 16.2 7.7 0.9 105.5 -15.5 2004 15 99.1 102.2 9.7 1.83 1.30 0.83 21.6 6.0 -0.2 30.0 -12.7 2003 10 100.0 148.0 2.5 2.41 1.62 1.19 29.1 15.7 12.9 59.2 8.2 2002 7 100.0 203.1 0.0 n/a 2.04 n/a n/a 17.6 n/a 93.0 -0.5 2001 10 100.0 228.8 6.7 3.60 2.37 1.87 37.2 26.8 20.3 49.2 16.8 2000 18 97.3 154.3 0.0 2.16 1.57 1.18 24.5 18.1 8.8 32.8 -2.6 1999 8 99.5 170.8 1.3 2.55 1.87 1.15 17.8 14.5 4.0 27.0 0.4 1998 7 100.1 184.2 0.0 n/a 1.84 n/a n/a 14.0 n/a 16.4 -9.8

Source: Preqin Performance Analyst

Preqin Median Benchmarks: All Private Equity Asia is calculated using data for 396 funds of vintages between 1998 and 2013 with performance and includes liquidated funds. Preqin holds performance data for more than 795 Asian private equity funds. All returns are net of management fees, expenses and carry.

All Private Equity Asia - Median Called, Distributions and Residual Value Ratios by Vintage

250

200

150 % 100

0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Distributions to Paid-in Capital (%) Residual Value to Paid-in Capital (%) Called-up to Committed Capital (%)

Source: Preqin Performance Analyst

All Private Equity Asia - Median Net IRRs and Quartile Boundaries by Vintage

40 35 30 25 20 15 10 5

Net IRR since Inception (%) 0 -5 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Top Quartile IRR Boundary Median IRR Bottom Quartile IRR Boundary

Source: Preqin Performance Analyst

Preqin Weighted Benchmarks: All Private Equity - All Regions, North America, Europe and Asia as of 30th June 2013

All Regions North America Europe Asia Vintage Weighted Weighted Weighted Weighted IRR (%) IRR (%) IRR (%) IRR (%) Multiple (X) Multiple (X) Multiple (X) Multiple (X) 2013 0.74 n/m 0.78 n/m 0.91 n/m n/m n/m 2012 0.95 n/m 1.01 n/m 0.89 n/m 0.77 n/m 2011 1.08 n/m 1.11 n/m 1.06 n/m 1.01 n/m 2010 1.15 12.3 1.22 13.8 1.08 7.6 1.06 11.7 2009 1.24 13.2 1.27 14.0 1.18 12.0 1.16 10.6 2008 1.28 10.0 1.31 10.9 1.18 8.3 1.15 4.1 2007 1.24 7.3 1.30 8.2 1.13 2.5 1.03 6.8 2006 0.99 -2.5 1.22 3.7 1.18 4.0 0.46 -18.0 2005 1.40 8.5 1.41 7.2 1.62 17.9 1.33 7.3 2004 1.66 14.0 1.56 11.7 2.14 29.6 1.45 6.8 2003 1.87 18.2 1.59 12.3 1.85 20.8 2.00 20.2 2002 1.74 17.0 1.66 17.0 1.98 25.9 1.77 12.9 2001 1.82 19.3 1.73 17.9 1.87 20.1 2.44 30.7 2000 1.51 14.8 1.59 10.7 1.71 17.7 1.30 31.0 1999 1.35 5.9 1.32 4.8 1.77 15.7 1.20 4.3 1998 1.48 8.2 1.39 7.7 1.94 15.5 1.85 14.1 1997 2.19 20.5 1.68 13.5 1.77 24.5 3.23 31.7 1996 1.85 13.8 1.87 13.4 1.65 11.7 n/m n/m 1995 2.26 17.2 2.32 21.7 2.36 26.2 n/m n/m 1994 3.25 37.5 2.47 26.1 2.02 38.5 n/m n/m 1993 2.90 26.4 2.97 27.4 2.31 19.5 n/m n/m 1992 1.88 16.3 2.12 24.4 2.31 21.7 n/m n/m

Source: Preqin Performance Analyst

Preqin Weighted Benchmarks: All Private Equity - All Regions, North America, Europe and Asia are calculated using performance data as of 30th June 2013 for 3,682 private equity funds of vintages between 1992 and 2013.

All Private Equity - All Regions, North America, Europe and Asia - Weighted IRRs by Vintage as of 30th June 2013

-10 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Weighted Net IRR since Inception (%) Weighted -20

All Regions North America Europe Asia

Source: Preqin Performance Analyst

All Private Equity - All Regions, North America, Europe and Asia - Weighted Multiples by Vintage as of 30th June 2013

1 Weighted Multiple (X) Weighted

0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 All Regions North America Europe Asia

Source: Preqin Performance Analyst

Preqin Pooled IRRs: All Private Equity - All Regions, North America and Europe

Vintage All Regions Pooled IRR (%) Europe Pooled IRR (%) North America Pooled IRR (%) 2013 n/m n/m n/m 2012 n/m n/m n/m 2011 n/m n/m n/m 2010 11.5 12.7 12.1 2009 11.9 8.5 13.4 2008 11.0 9.7 11.9 2007 6.9 3.0 7.7 2006 3.6 3.9 4.1 2005 7.8 9.2 8.1 2004 12.4 21.1 11.2 2003 15.8 13.8 16.2 2002 20.1 27.5 14.5 2001 17.0 25.0 15.8 2000 10.6 22.2 9.6 1999 6.4 16.1 3.8 1998 8.9 15.9 6.8

Source: Preqin Performance Analyst

Preqin Pooled Benchmarks: All Private Equity - All Regions, North America and Europe are calculated using cash ﬂ ow data for 2,462 private equity funds.

All Private Equity All Regions, North America and Europe - Pooled IRRs by Vintage

5 Pooled IRR since Inception (%) 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

All Regions Europe North America

Source: Preqin Performance Analyst

Horizon IRRs by Fund Type as of 30th Jun 2013

Horizon All Private Equity Buyout Venture Capital Fund of Funds Mezzanine Distressed PE 1 Year to Jun 2013 13.8 13.5 6.5 7.9 10.4 23.8 3 Years to Jun 2013 15.2 16.1 9.0 11.1 12.1 14.7 5 Years to Jun 2013 6.9 8.0 1.7 5.3 5.5 14.9 10 Years to Jun 2013 21.7 25.5 4.5 8.2 12.2 25.0

Source: Preqin Performance Analyst

Horizon IRRs by Fund Type as of 30th Jun 2013

10 Horizon IRR (%)

0 1 Year to Jun 2013 3 Years to Jun 2013 5 Years to Jun 2013 10 Years to Jun 2013 All Private Equity Buyout Venture Capital Fund of Funds Mezzanine Distressed PE

Source: Preqin Performance Analyst

Rolling One-Year Horizon IRRs by Fund Type

All Buyout Venture Capital Fund of Funds Mezzanine Real Estate 1 Year to Dec 2000 10.1 3.6 38.1 -1.3 14.0 11.4 1 Year to Dec 2001 -2.7 -3.2 -34.3 -5.2 13.8 7.8 1 Year to Dec 2002 -9.1 -4.0 -31.6 -23.2 -2.1 6.7 1 Year to Dec 2003 17.5 24.3 -6.0 -15.1 6.8 14.9 1 Year to Dec 2004 25.0 30.3 7.1 7.5 20.4 19.8 1 Year to Dec 2005 27.0 29.7 4.5 16.9 13.6 60.8 1 Year to Dec 2006 29.1 32.3 15.8 17.9 31.7 42.6 1 Year to Dec 2007 26.0 30.7 21.3 23.2 18.8 13.5 1 Year to Dec 2008 -27.6 -31.0 -16.2 -12.0 4.0 -39.9 1 Year to Dec 2009 13.8 16.7 5.0 0.2 2.3 -25.3 1 Year to Dec 2010 18.8 22.6 10.9 13.3 8.6 4.7 1 Year to Dec 2011 9.2 8.4 8.4 7.8 15.7 14.6 1 Year to Dec 2012 12.9 15.1 7.0 8.7 10.0 6.5 1 Year to Jun 2013 13.8 13.5 6.5 7.9 10.4

Source: Preqin Performance Analyst

Rolling One-Year Horizon IRRs by Fund Type

Horizon IRR (%) -20

-40

-60 1 Year2013to Jun 1 Year2000to Dec 1 Year2001to Dec 1 Year2002to Dec 1 Year2003to Dec 1 Year2004to Dec 1 Year2005to Dec 1 Year2006to Dec 1 Year2007to Dec 1 Year2008to Dec 1 Year2009to Dec 1 Year2010to Dec 1 Year2011to Dec 1 Year2012to Dec All Buyout Venture Capital Fund of Funds Mezzanine Real Estate

Source: Preqin Performance Analyst

Rolling Three-Year Horizon IRRs by Fund Type

All Buyout Venture Capital Fund of Funds Mezzanine Real Estate 3 Years to Dec 2000 14.9 11.7 62.4 21.9 16.8 3.2 3 Years to Dec 2001 10.6 4.0 87.3 8.9 12.2 7.3 3 Years to Dec 2002 -4.9 -4.9 -17.6 -13.1 1.2 7.4 3 Years to Dec 2003 4.3 6.0 -19.0 -10.6 5.4 8.6 3 Years to Dec 2004 10.2 15.8 -8.5 -4.5 7.2 12.5 3 Years to Dec 2005 23.0 27.8 3.0 8.3 12.6 23.4 3 Years to Dec 2006 26.2 30.4 8.6 20.3 19.0 38.0 3 Years to Dec 2007 30.2 34.4 14.3 23.5 21.1 36.9 3 Years to Dec 2008 11.3 14.1 5.4 7.0 26.5 0.0 3 Years to Dec 2009 0.3 0.2 0.3 1.3 6.5 -18.3 3 Years to Dec 2010 0.8 0.9 -0.7 0.8 3.4 -12.2 3 Years to Dec 2011 13.9 15.7 7.0 8.0 9.3 -2.6 3 Years to Dec 2012 13.3 15.3 8.9 10.4 10.0 6.4 3 Years to Jun 2013 15.2 16.1 9.0 11.1 12.1

Source: Preqin Performance Analyst

Rolling Three-Year Horizon IRRs by Fund Type 100 80 60 40 20 0 Horizon IRR (%) -20 -40 3 Years to Jun 2013 3 YearstoDec 2000 3 YearstoDec 2001 3 YearstoDec 2002 3 YearstoDec 2003 3 YearstoDec 2004 3 YearstoDec 2005 3 YearstoDec 2006 3 YearstoDec 2007 3 YearstoDec 2008 3 YearstoDec 2009 3 YearstoDec 2010 3 YearstoDec 2011 3 YearstoDec 2012 All Buyout Venture Capital Fund of Funds Mezzanine Real Estate

Source: Preqin Performance Analyst

Performance Analyst is the most comprehensive, detailed source of private equity performance data available today. Preqin’s team of analysts collect and monitor data from a number of different sources, including from GPs themselves, in order to provide the most comprehensive private equity performance data available. All of our performance data conforms to the same standardized metrics, with all data representing net-to-LP returns. We currently hold transparent net-to-LP performance data for over 6,500 private equity funds of all types and geographic focus. In terms of aggregate value, this represents around 70% of all capital ever raised. This high level of coverage enables us to produce the most meaningful benchmarking and comparative tools available in the industry.

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List of Constituent Funds

1818 Fund II Fund II AG Core Plus Realty Fund III AMV Partners I Argosy Real Estate Partners II 1818 Mezzanine Fund II Adams Street Direct Fund V AG Net Lease Realty Fund Amvest Residential Core Fund Arkimedes Fund 1995 Riverside Capital Appreciation Adams Street Direct Fund VI AG Net Lease Realty Fund II Amwal I Arowana Australasian Micro-Cap Fund Adams Street Global Opportunities AG Realty Fund Amwal II Private Equity 1998 Riverside Capital Appreciation Secondary Fund AG Realty Fund II AMWIN Innovation Fund Arral Pacifi c Equity Trust II Fund Adams Street Non-US Partnership AG Realty Fund III Anacacia Partnership I ArrowPath Fund II 2000 Riverside Capital Appreciation 2002 AG Realty Fund IV Anacacia Partnership II Arsenal Capital Partners Fund Adams Street Non-US Partnership AG Realty Fund V Anchor Equity Partners Private Equity Arsenal Capital Partners II 2003 Riverside Capital Appreciation 2003 AG Realty Fund VI Fund Arsenal Capital Partners III Fund Adams Street Non-US Partnership AG Realty Fund VII Annapolis I Artiman Ventures 2008 Riverside Capital Appreciation 2004 AG Realty Fund VIII Annapolis II Artiman Ventures II Fund V Adams Street Non-US Partnership Agri-Vie Fund Annapolis III Artiman Ventures III 21st Century Communications 2005 Aheim Unternehmer-Fonds I Annapolis IV Artiman Ventures Special Opportunities Partners Adams Street Non-US Partnership AIG Emerging Europe Infrastructure Annapolis V Fund 3i 94 LMBO Plan 2006 Fund Annapolis VI Ascend Ventures 3i Europe Partners Adams Street Non-US Partnership AIG Indian Sectoral Equity Ant Bridge Asia V LP Ascent Venture Partners I 3i Europe Partners II 2007 AIPP Asia Ant Bridge No.1 Ascent Venture Partners II 3i Europe Partners III Adams Street Partners 2010 Non-US AIPP Asia Select Ant Bridge No.2 Ascent Venture Partners III 3i Europe Partners IV Developed Fund Aisling Capital III Ant Bridge No.3-A Ascent Venture Partners IV 3i Europe Partners V Adams Street Partners 2010 Non-US Alcedo III Ant Bridge No.3-B Ascent Venture Partners V 3i Growth Capital Fund Emerging Markets Fund Alex Brown European Environmental AP Cayman Partners II Ashmore Asian Opportunity Fund 3i UK Investment Partners Adams Street US Partnership 2002 Fund APA / Fostin - Fund I Asia Alternatives Capital Partners I 3i UK Investment Partners II Adams Street US Partnership 2003 Alex. Brown Realty Investors Apax Capital Risque III Asia Alternatives Capital Partners II 4IP European Real Estate Fund of Adams Street US Partnership 2004 Alex. Brown Realty Investors II Apax Europe V Asia Alternatives Capital Partners III Funds Adams Street US Partnership 2005 Alinda Infrastructure Fund II Apax Europe VI Asia Direct 57 Stars Global Opportunities Fund 1 Adams Street US Partnership 2006 Alliance ScanEast Fund Apax Europe VII Asia Pacifi c Healthcare Fund II 57 Stars Global Opportunities Fund 2 Adams Street US Partnership 2007 Allos I Fund Apax France IV Asia Pacifi c Trust (CalPERS) Adams Street US Partnership 2010 Allos II Fund Apax France V Asian Corporate Finance Fund 5AM Ventures Fund Advent Atlantic & Pacifi c II Alloy Ventures 2002 Apax France VI Asian Lion Fund 5AM Ventures Fund II Advent Central & Eastern Europe IV Alloy Ventures 2005 Apax France VII Asian Recovery Fund 5AM Ventures Fund III Advent European Special Situation Allsop Venture Partners III Apax France VIII ASK Real Estate Special Opportunities A&M Capital Fund I Fund Almanac Realty Securities V Apax Germany I Portfolio I Abbott Capital Private Equity Fund I Advent Global Private Equity II Alpha Asia Macro Trends Fund Apax Israel II Aslan Realty Partners Abbott Capital Private Equity Fund III Advent Global Private Equity IV Alpha Asia Macro Trends Fund II Apax Partners - Germany II Aslan Realty Partners II Abbott Capital Private Equity Fund IV Advent Global Private Equity IV-A Alpha CEE II Apax UK V Aslan Realty Partners III Abbott Capital Private Equity Fund VI Advent Global Private Equity V Alpha Private Equity Fund 2 Apax UK VI Aslan Realty Partners IV Aberdare II Annex Fund Advent Global Private Equity VI Alpha Private Equity Fund 3 Apax US VII Asset Management Partners 2004 Aberdare Ventures II Advent Global Private Equity VII Alpha Russia & CIS Secondary Apax Ventures Capital Fund Astorg II Aberdare Ventures III Advent International Network Fund AlpInvest Partners Later Stage Apax Ventures II ATF I Aberdare Ventures IV Advent Latin American Fund III Co-Invest Apax Ventures III Athenian Venture Partners Aberdeen Asia III Property Fund of Advent Latin American Fund IV Alta Biopharma Partners II Apax Ventures IV Athenian Venture Partners II Funds Advent Latin American Fund V Alta California Partners II Apax VIII Athenian Venture Partners III Aberdeen European Opportunities Advent VI Alta California Partners III Apex Investment Fund I Atlante Private Equity Property Fund of Funds Advent VII Alta Communications VII Apex Investment Fund II Atlante Seed Aberdeen Indirect Property Partners Adveq Asia I Alta Growth Capital Mexico Fund Apex Investment Fund III Atlante Ventures Aberdeen Indirect Property Partners II Adveq Asia II Alta IV Apex Investment Fund IV Atlante Ventures Mezzogiorno Abingworth Bioventures IV Adveq Europe I Alta Subordinated Debt II Apex Investment Fund V Atlantic Medical Capital Abingworth Ventures Adveq Europe II Alta Subordinated Debt III Apex Investment Fund VI Atlantis Capital Special Situations ABR Chesapeake Fund Adveq Europe III Alta V Apollo European Principal Finance Atlas Ventures VI ABR Chesapeake Fund III Adveq Europe IV A Alta Ventures Mexico Fund I Fund II ATP Private Equity Partners I ABR Chesapeake Fund IV Adveq Europe IV B Altaris Health Partners II Apollo Investment Fund III ATP Private Equity Partners II ABRY V Adveq Europe V Altius Associates Private Equity Fund Apollo Investment Fund IV ATP Private Equity Partners III ABRY VI Adveq Opportunity I Altius Associates Private Equity Fund II Apollo Investment Fund V ATP Private Equity Partners IV ABS Capital II Adveq Opportunity II Altor 2003 Fund Apollo Investment Fund VI Audax Mezzanine Fund ABS Capital III Adveq Opportunity III Altor Fund II Apollo Investment Fund VII Audax Mezzanine Fund II ABS Capital IV Adveq Secondaries Altor Fund III Apollo Natural Resources Fund I Audax Mezzanine Fund III ABS Capital V Adveq Secondaries II Altos Ventures IV Aquiline Co-Invest I Audax Private Equity Fund ABS Capital VI Adveq Technology I Altra FCP I Aquiline Financial Services Fund Audax Private Equity Fund II ABS Capital VII Adveq Technology II Altra Investments Aquiline Financial Services Fund II Audax Private Equity Fund III Accel - KKR Company Adveq Technology III Altra Private Equity Fund II ARA Asia Dragon Fund Audax Private Equity Fund IV Accel Europe Adveq Technology IV AM Invest Morocco Aravis Biotech II Augur Financial Opportunity Fund Accel III Adveq Technology V AM Pappas Life Science Ventures II Aravis Energy I August Equity Partners I Accel IV Adveq Technology VI AM Pappas Life Science Ventures III Aravis Venture I Aurora Equity Partners II Accel V Adveq Technology VII AM Pappas Life Science Ventures IV Arboretum Ventures I Aurora Equity Partners III Accel VI AEA 1991 Investment Program AMCVF Arboretum Ventures II Aurora Resurgence Fund Accel VI - S AEA 1997 Investment Program American Industrial Partners Capital Arboretum Ventures III Austin Ventures IV Accel VIII Aetos Capital Asia II Fund V Arcadia Beteiligungen II Austin Ventures IX Accel-KKR Capital Partners IV AEW Partners I American Industrial Partners Fund I ARCap Investors I Austin Ventures V Accel-KKR SCP California Co-Invest AEW Partners II American Industrial Partners Fund II ARCap Investors II Austin Ventures VI Accelerated Technologies Partners II AEW Partners III American Securities Partners II ARCH Capital Asian Partners Austin Ventures VII Access Venture Partners II AEW Partners IV American Securities Partners VI ARCH Capital-TRG Asian Partners Austin Ventures VIII Accolade Partners I AEW Partners V Americus Fund I Arch Development Fund I Austin Ventures X Accolade Partners II AEW Partners VI Americus Fund II ARCH Venture Fund II Australian Mezzanine Investment No. Accolade Partners III AEW Senior Housing Investors II AMERRA Agri Fund II ARCH Venture Fund III 1 Trust ACON Equity Partners III AEW Value Investors AMP Capital - The Infrastructure Fund Archer Capital Fund I Australian Mezzanine Investment No. ACON Latin America Opportunities AEW Value Investors Asia of India (TIFoI) Archer Capital Fund II 2 Trust Fund AEW Value Investors II AMP Capital Asian Giants Archer Capital Fund III Australian Mezzanine Investment No. Acon-Bastion Partners II Affi nity Asia Pacifi c Fund II Infrastructure Fund Archer Capital Fund IV 3 Trust Acorn General Fund One Affi nity Asia Pacifi c Fund III AMP Capital Infrastructure Debt Fund Archer Capital Fund V Avalon Ventures IX Acorn Venture Technology Fund I Affi nity Asia Pacifi c Fund IV AMP Capital Select Property Portfolio I Archer Capital Growth Fund 1 Avalon Ventures VII ACP X Africa Agricultural Capital AMP Capital Select Property Portfolio II Archer Capital Growth Fund 2 Avalon Ventures VIII Actera Partners African Agricultural Capital Fund AMP Capital Select Property Portfolio ArcLight Energy Partners Fund I AvalonBay Value Added Fund Actera Partners II African Development Partners I III ArcLight Energy Partners Fund II AvalonBay Value Added Fund II Actis 4 African Lion AMP Pencarrow Fund ArcLight Energy Partners Fund III Avenue Asia Special Situations Fund Actis Infrastructure Fund I African Lion Fund III Ampersand 1992 ArcLight Energy Partners Fund IV IV Actis Infrastructure Fund II African Lion II Ampersand 1994 ArcLight Energy Partners Fund V Avenue Asia Special Situations III Adams Street 2010 Direct Fund AG Asia Realty Fund Ampersand 1995 AREA Real Estate Finance Avenue Special Situations II Adams Street 2011 Direct Fund AG Asia Realty Fund II Ampersand 1999 Corporation Avenue Special Situations III Adams Street 2011 Emerging Markets AG Capital Recovery Partners Ampersand 2001 AREA Real Estate Investment Fund III Avenue Special Situations IV Fund AG Capital Recovery Partners II Ampersand 2006 AREA Real Estate Investment Fund IV Avenue Special Situations V Adams Street 2011 Non-US Developed AG Capital Recovery Partners III Ampersand 2011 Ares Corporate Opportunities Fund Avenue Special Situations VI Markets Fund AG Capital Recovery Partners VI Amstar Global Property Fund I Ares Corporate Opportunities Fund II Avista Capital Partners Adams Street 2011 US Fund AG Capital Recovery Partners VII Amstar Global Property Fund II Ares Corporate Opportunities Fund III Avista Capital Partners II Adams Street 2013 Global Fund AG Commercial Real Estate Debt Amstar-SD Partners Ares Corporate Opportunities Fund IV Avista Capital Partners III Adams Street Direct Co- Investment Fund Amundi RE France Offi ce Fund Argos Expansion AVP Ohio Technology I Fund I AG Core Plus Realty Fund Amundi RE French Regions Offi ce Argosy Investment Partners IV AXA Capital America Adams Street Direct Co-Investment AG Core Plus Realty Fund II Fund Argosy Real Estate Partners I AXA Capital Asia

AXA Capital Asia II BC European Cap VI BPG Investment Partnership V Canaan Natural Gas IX Cardinal Health Partners II AXA Capital Europe BC European Cap VII BPG Investment Partnership VI Canadian Gas Gathering Systems II Cardinal Health Partners III AXA Co-investment Fund II BC European Cap VIII BPG Investment Partnership VII Candover 1989 Cardine AXA Co-investment Fund III BCI Growth IV BPG Investment Partnership VIII Candover 1991 Carlyle Asia Growth Partners III AXA Early Secondary Fund I BCI Growth V Brandon Bioscience Fund No. 1 Candover 1994 Carlyle Asia Growth Partners IV AXA Early Secondary Fund II BDCM Opportunity Fund Brantley Venture Partners II Candover 1997 Carlyle Asia Partners II AXA Early Secondary Fund III BDCM Opportunity Fund III Brantley Venture Partners III Candover 2005 Carlyle Asia Partners III AXA Early Secondary Fund IV Beacon Capital Strategic Partners I Brasil Petróleo I Canterbury Mezzanine Capital Carlyle Asia Real Estate Fund AXA Expansion I Beacon Capital Strategic Partners II Brasil Petróleo II Canterbury Mezzanine Capital II Carlyle Energy Mezzanine AXA Expansion II Beacon Capital Strategic Partners III Brazil Real Estate Opportunities Canyon-Johnson Urban Fund Opportunities Fund AXA Infrastructure Generation I Beacon Capital Strategic Partners IV Fund I Canyon-Johnson Urban Fund II Carlyle Europe Partners AXA Infrastructure Generation II Beacon Capital Strategic Partners V Brazil Real Estate Opportunities Canyon-Johnson Urban Fund III Carlyle Europe Partners II AXA Infrastructure Generation III Beacon Capital Strategic Partners VI Fund II CapAsia ASEAN Infrastructure Carlyle Europe Partners III AXA LBO Fund I Beacon Group III - Focus Value Fund Brazos Equity Fund III Fund III Carlyle Europe Real Estate Partners AXA LBO Fund II Beecken Petty O’Keefe II Brentwood Associates Buyout II Capital Alliance Private Equity Fund II AXA LBO Fund III Beecken Petty O’Keefe III Brentwood Associates IV Capital Alliance Private Equity II Carlyle Europe Real Estate Partners AXA LBO Fund IV Behrman Capital II Brentwood Associates VI Capital Alliance Private Equity III III AXA Mezzanine I Behrman Capital III Brickman Fund V Capital Appreciation Distressed Real Carlyle Europe Technology Partners AXA Mezzanine II Behrman Capital IV Brickman Real Estate Fund I Estate Fund II AXA Primary Fund America III Behrman Capital PEP Brickman Real Estate Fund II Capital Dynamics Champion Carlyle Global Financial Services AXA Primary Fund America IV Bell Apartment Fund IV Brickman Real Estate Fund III Ventures VII Partners AXA Primary Fund Europe III Bell Fund I Brickman Real Estate Fund IV Capital Dynamics European Buyout Carlyle Japan Partners AXA Primary Fund Europe IV Bell Fund II Bridgepoint Europe I 2005 Carlyle Mexico Partners AXA Primary Fund Europe V Bell Fund III Bridgepoint Europe III Capital Dynamics European Co- Carlyle Partners III AXA Primary Fund UK III Benchmark Capital Partners Bridgepoint Europe IV Investments Carlyle Partners IV AXA Secondary Fund I Benchmark Capital Partners II Bridges Social Entrepreneurs Fund Capital Dynamics European Private Carlyle Partners V AXA Secondary Fund II Berkeley Capital Partners I Bridges Venture Fund II Equity 1991 Carlyle Partners VI AXA Secondary Fund III Berkeley Capital Partners II Bridges Venture Fund III Capital Dynamics European Private Carlyle Realty Partners AXA Secondary Fund IV Berkshire Fund II Bridgescale Partners I Equity 1994 Carlyle Realty Partners II AXA Secondary Fund V Berkshire Fund III Bright Capital Digital Fund Capital Dynamics European Private Carlyle Realty Partners III Axcel II Berkshire Fund IV Bright Capital I Equity 1999 Carlyle Realty Partners V Axcel III Berkshire Fund V Brinson International Partners Fund Capital Dynamics European Private Carlyle Realty Partners VI Axcel IndustriInvestor Berkshire Fund VI Brinson Non-US Partners - 1999 Equity 2001 Carlyle Strategic Partners Axcel IV Berkshire Fund VII Primary Capital Dynamics European Private Carlyle Strategic Partners II Axiom Asia II Berkshire Fund VIII Brinson Non-US Partners - 2000 Equity 2003 Carlyle Venture Partners II Axiom Asia III Berkshire Multifamily Value Fund II Primary Capital Dynamics Generation VII - Carlyle Venture Partners III Azalea Fund II Bertram Growth Capital II Brinson Non-US Partners - 2001 Asian Private Equity Carlyle/Riverstone Global Energy Azalea Fund III Bertram Growth Equity Partners I Primary Capital Dynamics Generation VII - And Power Fund I Azini 1 Beta Partners Brinson Non-US Partners - 2002 European Mid-Market Buyout Carlyle/Riverstone Global Energy Azini 2 BG Media Investors Primary Capital Dynamics Generation VII - and Power Fund II Azure Capital Partners II BHC Interim Funding I Brinson Non-US Partners - 2003 European Venture Carlyle/Riverstone Global Energy Bachow Investment Partners III BHC Interim Funding II Primary Capital Dynamics Generation VII - and Power Fund III Bain Capital Asia BHC Interim Funding III Brinson Non-US Partners - 2004 US Private Equity Carlyle/Riverstone Renewable Bain Capital Asia II BioDiscovery II Primary Capital Dynamics Global Private Energy Infrastructure Fund I Bain Capital Europe III BioDiscovery III Brinson Partnership Fund - 1997 Equity 2001 Carmel Partners Investment Fund Bain Capital Fund IX BioDiscovery IV Primary Capital Dynamics Global Carmel Partners Investment Fund II Bain Capital Fund IX Coinvestment BioPacifi cVentures Brinson Partnership Fund - 1998 Secondaries 1992 Carmel Partners Investment Fund III Fund Biotechnology Venture Fund Secondary Capital Dynamics Global Carmel Partners Investment Fund IV Bain Capital Fund VII Coinvestment Birch Hill Equity Partners IV Brinson Partnership Fund - 2002 Secondaries 1993 Carmel Software Fund Fund Birchmere Ventures II Secondary Capital Dynamics Global Carmel Venture Fund II Bain Capital Fund VIII Black Diamond Opportunity Fund II Brinson Partnership Fund - 2003 Secondaries III Carmel Ventures III Bain Capital Fund VIII Coinvestment Black River Capital Partners Fund Secondary Capital Dynamics Mid-Market Castile Ventures III Fund (Food) Brinson Partnership Fund - 2004 Direct III Castle Harlan Australian Mezzanine Bain Capital Fund X BlackRock Asset Investors Primary Capital Dynamics Participation I Partners I USA Bain Capital Fund X Co-investment BlackRock NTR Renewable Power Brinson Venture Capital Fund IV Capital Dynamics Participation II Castle Harlan Australian Mezzanine Fund Fund Brinson Venture Partnership Capital Dynamics Participation III Partners II Worldwide Bain Capital Venture Fund BlackRock Residential Opportunity Acquisition II Capital Dynamics Participation IV Castle Harlan III Bain Capital Venture Fund 2009 Fund Brinson Venture Partnership Fund III Capital Dynamics Participation V Castle Harlan Partners IV Bain Capital Venture Fund 2012 Blackstone Capital Partners II Bristol Industrial II Capital Dynamics US Private Equity Castle Harlan V Bain Capital Venture Partners 2005 Blackstone Capital Partners III Bristol Value II 1992 Catalyst Fund I Bain Capital Venture Partners 2007 Blackstone Capital Partners V Brockway Moran & Partners Capital Dynamics US Private Equity Catalyst Fund II Bain Capital VIII-E Blackstone Capital Partners VI Brooke Private Equity Advisors 2000 Catalyst Fund III Baird Capital Partners Asia I Blackstone Communications Fund I Capital Dynamics US Private Equity Catalyst Fund IV Baird Capital Partners I Partners I Brooke Private Equity Advisors 2001 Catalyst Investors Baird Capital Partners II Blackstone Energy Partners Fund II Capital Dynamics US Private Equity Catalyst Investors II Baird Capital Partners III Blackstone Mezzanine Partners Brookfi eld Brazil AgriLand Fund 2003 Catalyst Investors III Baird Capital Partners IV Blackstone Mezzanine Partners II Brookfi eld Capital Partners II Capital Dynamics US Private Equity Catalyst UK Partners Baird Capital Partners V Blackstone Real Estate Debt Brown Shipley Development Capital 2006 Catalyst Ventures Baird Venture Partners I Strategies II Fund Capital International Private Equity Catterton Partners VI-B Baird Venture Partners II Blackstone Real Estate Partners Bruckmann Rosser Sherrill & Co Fund V Cauris Croissance Baird Venture Partners III Europe III Bruckmann Rosser Sherrill II Capital Link Fund I Cauris Investissement Baker Communications Blackstone Real Estate Partners II Brynwood Partners V Capital Link Fund II CB Richard Ellis Strategic Europe Balkan Accession Fund Blackstone Real Estate Partners V Buchanan Fund V Capital Partners Holdings II Fund III Balkan Financial Sector Equity Fund Blackstone Real Estate Partners VI Butler France Private Equity II Capital Point Partners CB Richard Ellis Strategic Partners I BaltCap Latvia Venture Capital Fund Blackstone Real Estate Partners VII C&B Capital I Capital Resource Lenders II CB Richard Ellis Strategic Partners BaltCap Private Equity Fund Blackstone Real Estate Special C&B Capital II Capital Resource Lenders III IV Baltic Investment Fund III Situations Fund II Cabestan Capital Capital Resource Partners IV CBPE Capital Fund VII Baltic SME Fund Blue Chip Capital Fund Cabot Industrial Value Fund II Capital Royalty Parallel I CBPE Capital Fund VI Banc Fund III Blue Chip Capital Fund II Cabot Industrial Value Fund III CapMan Buyout VIII CBPE Capital Fund VIII Banc Fund IV Blue Chip Capital Fund III CACI 2 CapMan Buyout X CBRE Illinois State Board of Banc Fund V Blue Chip Capital Fund IV CACI 3 CapMan Equity VII A Investment Separate Account Banc Fund VI Blue Chip Capital Fund V Caduceus Private Investments II CapMan Equity VII Sweden CCMP Capital Investors II Banc Fund VII Blue Chip Opportunity Fund Caduceus Private Investments III CapMan Hotels RE CDH China Fund IV Banc Fund VIII Blue Hill Investment Partners Caduceus Private Investments IV CapMan Life Science IV CDH Venture Partners II Baring Asia Private Equity Fund V Blue Sage Capital Fund I Calare Real Estate Fund III CapMan Mezzanine V CEA Capital Partners USA Baring Central European Fund Blue Tip Energy Partners Calare Real Estate Fund IV Capman Nordic Real Estate Fund Centennial Bus. Dev. Fund Baring India Private Equity Fund II Blue Vista Sponsor Equity Fund I Calare Real Estate Income Value CapMan RE II Centennial Fund Baring India Private Equity Fund III Blue Vista Sponsor Equity Fund II Fund CapMan Real Estate I Centennial Fund II Baring Vostok Private Equity Fund IV Blue Vista Student Housing Fund III CalCEF Angel Fund CapMan Russia Fund Centennial Fund VI Bastion Capital Fund I BlueRun Ventures III Calera Capital IV CapMan Russia Fund II Centerbridge Capital Partners I Battery Ventures IV BlueRun Ventures IV California Smart Growth Fund IV CapMan Technology 2007 Centerbridge Capital Partners II Battery Ventures VI Bluestream Ventures CalPERS II Capri Associates Apartment Fund Centerbridge Special Credit Partners Battery Ventures VII Boston Millennia Partners II CalPERS III Capri Capital Apartment Fund III II Battery Ventures VIII Boston Ventures III (A) CalPERS IV Capri Select Income II Centerfi eld Capital Partners Battery Ventures VIII Side Fund Boston Ventures IV Caltius Equity Partners II CapStreet II Centerfi eld Capital Partners II Battery Ventures X Boston Ventures V Caltius Partners Fund IV CapStreet III Centerview Partners I BAVP Boston Ventures VI Calvert Street Capital Partners III Capvis Equity I Central American & Caribbean Real Bay City Capital Fund I Bowmark Capital Partners III Calvert Street Fund I Capvis Equity II Estate Fund I Bay City Capital Fund II Bowmark Capital Partners IV Calvert Street Fund II Capvis Equity III Central Valley Fund Bay City Capital Fund III BPEA Life Sciences Fund I Camden Private Capital III CapX Fund I Central Valley Fund II Bay City Capital Fund IV BPEA Small Buyout & Growth Fund I Camden Strategic Partners I CapX Fund II Centre Investors III & Affi liates Bay City Capital Fund V BPG Co-Investment Partnership Camden Strategic Partners II CapX Fund III Centre Investors IV & Affi liates Bay Partners X BPG Investment Partnership I Camden Strategic Partners III CapX Fund IV Centre Investors V & Affi liates Bay Partners XI BPG Investment Partnership II Camden Strategic Partners IV Capzanine Centro Impresa BC European Cap IV BPG Investment Partnership III Camden Strategic Partners V Capzanine II Century Park Capital Partners BC European Cap IX BPG Investment Partnership IV Canaan Equity VII Capzanine III Century Park Capital Partners II BC European Cap V BPG Investment Partnership IX Canaan Natural Gas Fund X Cardinal Health Partners CEO Venture Fund

Cerberus Institutional Partners Clearwater Capital Partners Fund II Corinthian Capital I Daystar Special Situations Fund Edison V Cerberus Institutional Partners Clearwater Capital Partners Fund III Cornerstone Apartment Venture III Dayton Region Signature Fund Edison VI (Series Four) Clessidra Capital Partners Cornerstone Equity Investors IV DB Secondary Opportunities Fund Edison VII Cerberus Institutional Partners Clessidra Capital Partners II Cornerstone Hotel Income and DB Secondary Opportunities Fund D EDR PE China Fund (Series Three) Climate Change Capital Private Equity Fund DB Secondary Opportunities Fund II Egeria Private Equity Fund II Cerberus Institutional Partners Equity Fund Cornerstone Hotel Income and DBL Equity Fund-BAEF II Egeria Private Equity Fund III (Series Two) Close Investment 1988 Fund Equity Fund II DCR Fund II - Atlantic American El Dorado Ventures IV Cerberus Institutional Partners V Close Investment 1994 Fund Cornerstone Private Equity Fund Mortgage Fund I Electra Private Equity Partners Cerberus Institutional Real Estate Close Investment 1997 (Top Up) Cornerstone Private Equity Fund II Delta Capital Growth Fund Element Partners II Partners (Series One) Fund Corpfi n Capital III Delta VC Elevar Equity II Cerberus Institutional Real Estate Close Investment 1997 Fund Corporate Partners Delta VC 2 Elevation Partners Partners (Series Three) CM Capital Venture Trust 4 Cortec Group Fund II DeltaPoint Capital III Elysian Capital I Ceyuan Ventures II CM Capital Venture Trust No. 3 Costella Kirsch V DeltaPoint Capital IV Embarcadero Capital Investors CH Transition Fund CMEA Ventures I Cottonwood Technology Fund Denham Commodity Partners Embarcadero Capital Investors II Challenger Mitsui Emerging Markets CMEA Ventures III Cottonwood Technology Fund II Fund V Embarcadero Capital Investors III Infrastructure Fund Coates Myer Innovation Investment Courage Credit Opportunities Fund II Denham Commodity Partners Emerald Stage2 Ventures CHAMP Buyout II Fund Court Square Capital Partners II Fund VI Emergence Capital Partners II CHAMP Buyout III Cobalt Investment Capital Court Square Capital Partners III Denham Commodity Partners IV Emerging Europe Accession Fund CHAMP I Code Hennessy & Simmons I Covenant Apartment Fund I Deutsche European Partners IV Emerging Europe Growth Fund II CHAMP Ventures Investments Trust Code Hennessy & Simmons II Covenant Apartment Fund II DFJ Frontier Fund EMX Capital I No. 5 Code Hennessy & Simmons III Covenant Apartment Fund III DFJ Frontier II EMX Capital I – Intl CHAMP Ventures Investments Trust Code Hennessy & Simmons IV Covenant Apartment Fund IV DGF BIONERGY 1 (TERRA VIVA) EnCap Energy Capital Fund III No. 6 Coller International Partners II Covenant Apartment Fund V DGF CAPITAL 1 (REIF) EnCap Energy Capital Fund IV CHAMP Ventures Investments Coller International Partners IV Covenant Apartment Fund VI DGF CAPITAL 2 (FIPAC) EnCap Energy Capital Fund IX Trust VII Coller International Partners V Covenant Apartment Fund VII Diamond Castle Partners IV EnCap Energy Capital Fund V Change Capital Fund II Coller International Partners VI Covenant Institutional Real Estate Direct Capital III EnCap Energy Capital Fund VI Change Capital Funds Colony Asia I Fund I Direct Capital IV EnCap Energy Capital Fund VII Charles River Realty Fund I Colony Distressed Credit Fund Covera Ventures I DKB Emerging Europe EnCap Energy Capital Fund VIII Charlesbank Equity Partners IV Colony Distressed Credit Fund II CPI Capital Partners Asia Pacifi c DLJ Investment Partners II EnCap Energy Capital Fund VIII Charlesbank Equity Partners V Colony Investors II CPI Capital Partners Europe DLJ Merchant Banking Partners II Co-Investors Charlesbank Equity Partners VI Colony Investors III Craton Equity Partners I DLJ Real Estate Capital Partners EnCap Flatrock Midstream Fund I Charlesbank Equity Partners VII Colony Investors IV CREAFUND II DLJ Real Estate Capital Partners II EnCap Flatrock Midstream Fund II Chart Capital Partners II Colony Investors V Credence Fund I DLJ Real Estate Capital Partners III Encore Consumer Capital Fund Charter Life Sciences Colony Investors VII Credence Fund II DLJ Real Estate Capital Partners IV Endeavour Capital Fund III Charterhouse Capital Partners IX Colony Investors VIII Credit Suisse First Boston Eq DLJ Real Estate Mezzanine Capital Endeavour Capital Fund IV Charterhouse Capital Partners V Colony Realty Partners II Partners DMP Fund I Endeavour Capital Fund V Charterhouse Capital Partners VI Columbia Capital Equity Partners I-A Credit Suisse First Boston Intl Equity Doll Technology Investment Fund III Endeavour Capital Fund VI Charterhouse Capital Partners VIII Columbia Capital Equity Partners I-B Crescendo II Domain II Endowment Energy Partners I Charterhouse Equity Partners Columbia Capital Equity Partners II Crescent Capital I Domain III Endowment Energy Partners II Charterhouse Equity Partners II Columbia Capital Equity Partners IV Crescent Capital Partners IV Domain Partners Endowment Energy Partners III Chequers Capital XVI Columbia Capital Equity Partners V Crescent Mezzanine Partners VI Domain Partners IV Endowment Energy Partners IV Chesapeake Property Finance Fund Columbine Venture Fund II Cressey & Co. Fund IV Domain Partners V Endowment Private Equity I Chesapeake Property Finance Colyzeo I Crestview Partners Domain Partners VI Endowment Private Equity II Fund II Colyzeo II Crestview Partners II Domain Partners VII Endowment Private Equity III Cheyenne II Commerce Health Ventures CrossHarbor Institutional Partners II Domain Partners VIII Endowment Private Equity IV Cheyenne III Commerce Street Financial Partners Crosslink Ventures III Dominion Fund III Endowment Private Equity V Cheyenne Partners Commerce Street Income Partners Crosslink Ventures IV Dorchester Private Equity Fund 2006 Endowment Private Equity VI Chicago Growth Partners Commonfund Capital Emerging Crosslink Ventures V Dorchester Private Equity Fund 2007 Endowment Realty Investors II Chicago Growth Partners II Markets 2013 Crosslink Ventures VI Doughty Hanson & Co Euro Real Endowment Venture Partners I China Privatization Fund I Commonfund Capital International Crossroads Capital Estate I Endowment Venture Partners II CHL Medical Partners II Partners IV Crossroads Constitution Fund Doughty Hanson & Co I Endowment Venture Partners III Chrysalix Energy III Commonfund Capital International Crossroads III Doughty Hanson & Co II Endowment Venture Partners IV ChrysCapital V Partners V Crossroads SF Limited Partnership Doughty Hanson & Co IV Endowment Venture Partners V CHS Private Equity V Commonfund Capital International Crow Family Holdings Realty Doughty Hanson & Co Technology Endowment Venture Partners VI Churchill Capital Partners II Partners VI Partners Doughty Hanson & Co Technology II Energy & Minerals Group Fund CIC Mezzanine II Commonfund Capital International Crow Holdings Realty Partners II Doughty Hanson & Co V Energy & Minerals Group Fund II CIC Mezzanine III Partners VII Crow Holdings Realty Partners III Dover Street VII Energy Asset Option Fund Ciclad 2 Commonfund Capital Natural Crow Holdings Realty Partners IV Dover Street VIII Energy Capital Partners Ciclad 3 Resources IX Crow Holdings Realty Partners V DRA Growth & Income Fund Energy Capital Partners Mezzanine Ciclad 4 Commonfund Capital Natural Crown Asia-Pacifi c Private Equity DRA Growth & Income Fund II Opportunities Fund Ciclad 5 Resources V Crown Associates III DRA Growth & Income Fund III Energy Income Fund CID Capital Opportunity Fund Commonfund Capital Natural CS Pacifi c DRA Growth & Income Fund IV Energy Investors Fund II CID Equity Capital VIII Resources VI CS Pacifi c - Infrastructure DRA Growth & Income Fund V Energy Recovery Fund CID Fund V Commonfund Capital Natural CS/NJDI Emerging Opportunities DRA Growth & Income Fund VI Energy Saving Investments CID Mezzanine Capital Resources VII Fund II DRA Growth & Income Fund VII Energy Spectrum Partners CID Seed Fund Commonfund Capital Natural CSFB Mid Market Opportunity Fund DRA Opportunity Fund Energy Spectrum Partners II CIM III Resources VIII CSFB Mid Market Opportunity Draper Atlantic Venture Fund II Energy Spectrum Partners III CIMB-TrustCapital Australian Offi ce Commonfund Capital New Leaders Fund II Draper Fisher Jurvetson VII Energy Spectrum Partners IV Fund 1 Commonfund Capital New Leaders II CSFB Mid Market Opportunity Draper Fisher Jurvetson X Energy Spectrum Partners V Cimóvel fund Commonfund Capital Partners V Fund III Draper Triangle II Energy Spectrum Partners VI Cinven I Commonfund Capital Private Equity CSFB/NJDI Investment Fund DSV Partners Energy Trust Partners Cinven II Partners V CSP Secondary Opportunities II DT Capital China Growth Fund Energy Trust Partners II Cinven III Commonfund Capital Private Equity CT - Greene Ventures DT Ventures China II Energy Trust Partners III Cinven IV Partners VI CT Financial Development Fund DTC Private Equity II EnerVest Appalachia Cinven V Commonfund Capital Private Equity CT High Grade Partners II Duke Street Capital IV Enervest Energy Institutional Fund X CITIC Capital China Partners Partners VIII CT Mezzanine Partners I Duke Street Capital V Enervest Energy Institutional Fund XI Citicorp Mezzanine Partners Commonfund Capital Venture Cuyahoga Capital Emerging Buyout Duke Street Capital VI Enhanced Equity Fund CityView Southwest Multi-Family Partners IX Partners Dunrath Capital Infrastructure Surety Enhanced Equity Fund II Fund Commonfund Capital Venture CVC Asia Fund I Fund Enterprise Partners III CIVC Partners Fund IV Partners VI CVC Capital Partners Asia Pacifi c II Earlybird 2012 Enterprise Venture Fund I Clairvest Equity Partners I Commonfund Capital Venture CVC Capital Partners Asia Pacifi c III Earlybird I/II Eos Capital Partners III Clairvest Equity Partners II Partners VII CVC European Equity Partners I Earlybird III Eos Capital Partners IV Clairvest Equity Partners III Commonfund Capital Venture CVC European Equity Partners II Earlybird IV Eptasviluppo Clairvest Equity Partners IV Partners VIII CVC European Equity Partners IV East Midlands Regional Venture EQT Danmark Clairvest Equity Partners IV-A Commonfund Capital Venture Tandem Fund Capital Fund EQT Expansion Capital I Clairvue Capital Partners I Partners X CVC European Equity Partners V Easton Capital Partners EQT Expansion Capital II Claremont Creek Ventures II Commonwealth BioVentures II CVI Global Value Fund I eCAPITAL III Cleantech EQT Finland Clarion-Illinois State Board of Commonwealth BioVentures III CVI Global Value Fund II eCAPITAL Technologies Fonds II EQT Greater China II Investment Separate Account Commonwealth BioVentures V CVI Real Estate Value Fund III ECI 4 EQT I Clarus Ventures Commonwealth Capital Ventures I CVI Specialized Ventures ECI 5 EQT II Clarus Ventures II Commonwealth Capital Ventures II CVM Equity Fund III ECI 6 EQT III Clayton Dubilier & Rice Fund VII Commonwealth Capital Ventures IV CVM Equity Fund IV ECI 7 EQT IV Coinvest Compass Partners European Equity CVM Equity Fund V ECI 8 EQT Opportunity Fund Clayton Dubilier & Rice I ComVest Investment Partners CWC Corporate Opportunity Fund 1 ECI 9 EQT V Clayton Dubilier & Rice II ComVest Investment Partners II DAG Ventures Fund III Ecosystem Investment Partners II EQT VI Clayton Dubilier & Rice III ComVest Investment Partners III Darwin Private Equity I EdgeStone Capital Equity Fund II Equistone European Fund IV Clayton Dubilier & Rice IV Comvest Investment Partners IV Darwin Venture Capital Fund of EdgeStone Capital Equity Fund III Equistone Partners Europe Fund Clayton Dubilier & Rice VI Connecticut Future Fund Funds EdgeStone Capital Mezzanine Equistone Partners Europe Fund II Clayton Dubilier & Rice VII Conservation Forestry Capital I Darwin Venture Capital Fund of Fund II Equistone Partners Europe Fund III Clayton Dubilier & Rice VIII Consilium Private Equity Fund Funds II Edgewater Growth Capital Partners Equitable Capital Private Inc & Clean Energy & Technology Fund Constellation III German Asset Light Davidson Kempner Long-Term Edgewater Growth Capital Partners II Equity II Clean Energy Fund Europe I SICAV-FIS Distressed Opportunities Fund Edgewater Growth Capital Partners Equitix Energy Effi ciency Fund Cleantech Alliance Fund Constitution Liquidating Fund Davidson Kempner Long-Term III Equitix Fund I Clearlake Capital Partners II Copley Partners 1 Distressed Opportunities Fund II Edison I Equitix Fund II Clearlake Capital Partners III Copley Partners 2 Davis Investment Ventures Fund I Edison II Equity Linked Investors Clearstone Venture Partners I-B Cordiant Emerging Loan Fund Davis Investment Ventures Fund II Edison III Equity Partners Fund No.3 Clearstone Venture Partners II (CELF III) Davis Venture Partners Edison IV EquiVest I

EquiVest II FirstMark Capital II Frontenac IV GPM (8) Fund Erhvervsinvest II Fisher Lynch Co-investment Frontenac IX Private Capital GPM (9) Harbert European Real Estate Fund ESD Fund I Partnership Frontenac V GPM Real Property Fund (10) Harbert European Real Estate ESD Fund II Fisher Lynch Co-investment Frontenac VI Graham Partners Investments II Fund II ESD Fund III Partnership II Frontenac VII Granite Global Ventures Harbert European Real Estate Fund ESD Fund IV Five Elms Equity Fund I Frontenac VIII Granite Global Ventures II II (Parallel) ESP Golden Bear Europe Fund Five Mile Capital Partners II Frontenac X Private Capital Granite Global Ventures III Harbert European Real Estate Espírito Santo Ventures III Five Mile Capital Structured Income FS Equity Partners III Granite Ventures II Fund III Espírito Santo Ventures Innovation Fund FSN Capital I Granville Private Equity Fund V Harbert Mezzanine Partners II and Internationalisation Fund Fjord Clean Energy Fund One Co- FSN Capital II Granville Private Equity Fund VI Harbert Mezzanine Partners III Essex Woodlands Health Ventures Investments FSN Capital III Granville Private Equity I Harbert Private Equity Fund II Essex Woodlands Health Ventures V Fjord Fund One FTV I Graphite Capital Partners V Harbert Real Estate Fund II Essex Woodlands Health Ventures Flagship Ventures Fund I FTV II Graphite Capital Partners VII Harbert Real Estate Fund III VI Flagship Ventures Fund II FTV III Graphite Capital Partners VII Top Harbert Real Estate Fund V Essex Woodlands Health Ventures Flagship Ventures Fund III FTV IV Up Fund Harbert United States Real Estate VII Flagship Ventures Fund IV Gain Capital Participations Graphite Capital Partners VII Top Up Fund IV Essex Woodlands Health Ventures Fleming Ventures Gain Capital Participations II Fund Plus Harbert Venture Partners I VIII Fletcher Spaght Ventures Galen Partners IV Graphite Private Equity Partnership Harbert Venture Partners II Ethos Private Equity Fund IV Fletcher Spaght Ventures II Galen Partners V Great Hill Equity Partners Harbert Venture Partners III Euro Choice I Flexpoint Fund Garage California Entrepreneurs Great Hill Equity Partners II Harbinger Mezzanine Partners I Euro Choice II Florida SBA Ventures II Fund Great Hill Equity Partners III Harbinger Private Equity Fund I Euro Choice III Focus Ventures II GarMark Partners II Great Hill Equity Partners IV Harbinger Real Estate Partners I Euro Choice IV Focus Ventures III Garnett & Helfrich Green Equity Investors II Harbour Group Investment III Euroknights III Fondo de Fondos Mexico I Garrison Opportunity Fund III Green Equity Investors III HarbourVest 2004 Direct Fund Euroknights IV Fondo de Fondos Mexico II Gateway Private Equity Fund Green Equity Investors IV HarbourVest 2007 Direct Fund Euroknights V Fondo per il Mezzogiorno Gateway Venture Partners III Green Equity Investors V HarbourVest Falcon Euroknights VI Fonds Cauris Croissance II GC 2009 Mezzanine Partners Green Equity Investors VI HarbourVest International EUROMED Fund Foothill Partners II GEAM International Private Equity Green Mountain Partners HarbourVest International II Direct Europa Fund III Foothill Partners III Fund Greenbriar Equity Fund II HarbourVest International III Direct European Real Estate Debt Fund Foresight Environment Fund GEAM International Private Equity Greenfi eld Acquisition Partners III HarbourVest International III European Strategic Partners 2004 Foresite Capital Fund II Greenfi eld Acquisition Partners V Partnership European Strategic Partners 2006 Forge Real Estate Partners I GED Eastern Fund I Greenfi eld Land Partners I HarbourVest International Private European Strategic Partners 2008 Forge Real Estate Partners II GED Eastern Fund II Greenhill Capital Partners III Equity Partners VI Asia Pacifi c Euroventures Ukraine Fund II Forstmann Little Debt & Equity GED Iberian B Greenspring Global Partners I HarbourVest International Private Evercore Capital Partners II Buyout III GED Iberian Fund Greenspring Global Partners II Equity Partners VI Emerging Markets Evergreen I Forstmann Little Debt & Equity GED SEE Opportunity I Greenspring Global Partners III HarbourVest International VI Evergreen II Buyout IV GED Sur Greenspring Global Partners IV Partnership Evergreen III Forstmann Little Debt & Equity GEM Benelux Greenspring Global Partners V HarbourVest Partners Evergreen IV Buyout V GEM Benelux II Greenspring Opportunities II HarbourVest Partners - Mayfl ower Evergreen Pacifi c Partners II Forstmann Little Debt & Equity GEM Realty Fund IV Greenstone Partners Private Capital HarbourVest Partners 2013 Direct Evergreen V Buyout VI Gemini Israel III Fund I Fund Excellere Partners I Forstmann Little Debt & Equity Gemini Oil & Gas Fund I Gresham III Fund HarbourVest Partners Cleantech Excellere Partners II Buyout VII Gemini Oil & Gas Fund II Gresham IV Fund Fund I Excelsior II Forstmann Little Equity V General Catalyst Group I Gresham Property Fund No. 3 HarbourVest Partners II Excelsior IV Forstmann Little Equity VI General Catalyst Group II Gresham Property Fund No. 4 HarbourVest Partners III Excelsior V Fort Washington Private Equity General Catalyst Group VI Gresham Property Mezzanine Fund HarbourVest Partners IV Direct Excelsior VI Investors II Generation Capital Partners No. 1 HarbourVest Partners IX - Buyout Exeter Core Industrial Venture Fort Washington Private Equity Genesis Seed Fund Gresham Property Mezzanine Fund HarbourVest Partners IX - Credit Exeter Industrial Value Fund Investors III Genesta Nordic Baltic Real Estate No. 2 HarbourVest Partners IX - Venture Exeter Industrial Value Fund II Fort Washington Private Equity GenNx360 Capital Partners Grey Mountain Partners II HarbourVest Partners VI Partnership Explorer I Investors IV Geo Investors Renewable Greycroft Partners HarbourVest Partners VII - Buyout Explorer II Fort Washington Private Equity Infrastructure Fund I Greycroft Partners II HarbourVest Partners VII - Explorer III Investors V Geocapital Eurofund Greystar Equity Partners IV Mezzanine Exponent Private Equity Partners Fort Washington Private Equity Geocapital III Greystar Equity Partners V HarbourVest Partners VII - Venture Exponent Private Equity Partners II Investors VI Geocapital IV Greystar Equity Partners VI HarbourVest Partners VIII - Buyout Exxel Capital Partners VI Fort Washington Private Equity GGV Capital IV Greystar Equity Partners VII HarbourVest Partners VIII - F&C Climate Opportunity Partners Investors VII GI Partners II Gridiron Capital Fund II Mezzanine F&C European Capital Partners Fort Washington Private Equity GI Partners III Grotech Partners III HarbourVest Partners VIII - Venture F&C European Capital Partners II Opportunities Fund II Gilbert Global Equity Partners Grotech Partners IV Harren Investors II Fairview Capital Fortress Investment Fund V Gilde Buyout Fund I Grotech Partners V Harrington Fund Fairview Capital II Fortress Investment Fund V Co- Gilde Buyout Fund II Grotech Partners VI Harvest Partners III Fairview Capital III Investment Gilde Buyout Fund III Grotech Partners VII Harvest Partners IV Fairview Capstone Forward Ventures III Gilde Buyout Fund IV Grotech Ventures II Harvest Partners V Fairview Capstone II Forward Ventures IV Giza Venture Fund V Gryphon Co-Invest Partners III Harvest Partners VI Fairview Constitution II Forward Ventures V GKH Investments Gryphon Partners 3.5 HBM BioCapital Fairview Constitution III FOSCA Gleacher Mezzanine Fund Gryphon Partners I HBM BioCapital II Fairview Constitution IV Foundry Group Venture Capital Gleacher Mezzanine Fund II Gryphon Partners II HCI Equity Partners III Fairview Ventures I Fund I Glencoe Capital Michigan Gryphon Partners III Headland Asian Ventures Fund 2 Fairview Ventures II Fountain Healthcare Partners Fund I Opportunities Fund Gryphon Partners III-C Annex Fund Headland Asian Ventures Fund 3 Fairview Ventures II-NY FountainVest China Growth Partners Glencoe Capital Partners I - Pledge GS Capital Partners II Headland Private Equity Fund 2 Fairview Ventures III FountainVest China Growth Partners Fund GS Mezzanine Partners I Headland Private Equity Fund 3 Falcon Mezzanine Partners II Glencoe Capital Partners II GS Mezzanine Partners II Headland Private Equity Fund 6 Falcon Mezzanine Partners II Fourth Causeway Development Glencoe Capital Partners III GSO Capital Opportunities Fund Headland Technology Fund Falcon Strategic Partners III Capital Fund Global Catalyst Partners II GSO Capital Opportunities Fund II Health Evolution Partners Growth Falcon Strategic Partners IV Fox Paine Capital Fund Global Catalyst Partners III GSO Capital Solutions Fund Fund Falfurrias Capital Partners Fox Paine Capital Fund II Global Life Science Venture Fund GSR Ventures III Healthcap IV Fenway Partners Capital Fund Franchise Capital Partners II Global Timber Investors 9 GTB Capital Partners Healthcare Equity Partners Fenway Partners Capital Fund II Franchise Capital Partners III Global Venture Capital Fund I Guggenheim Structured Real Estate Healthcare Focus Fund FIA Timber Growth Partners Francisco Partners Global Venture Capital II Fund HealthpointCapital Partners I FIA Timber Partners Francisco Partners II Globespan Capital Partners IV Guggenheim Structured Real Estate Hearthstone Acquisition & FIA Timber Partners II Francisco Partners III Globespan Capital Partners V Fund II Development Partners FIA Timber Partners Special Franklin Park International Fund Golden State Investment Fund GVP I Hearthstone Housing Partners Situation Fund 2012 Golder Thoma Cressey Rauner H.I.G. Bayside Debt & LBO Fund II Hearthstone Housing Partners II Fidelity Belmont Capital Partners II Franklin Park Venture Fund Series Capital H.I.G. Bayside Loan Opportunity Hearthstone Housing Partners III Fidelity Real Estate Growth Fund 2008 Golder Thoma Cressey Rauner III Fund III Hearthstone MS/SEP Homebuilding Fidelity Real Estate Growth Fund II Franklin Park Venture Fund Series Golder Thoma Cressey Rauner IV Halder Investments III Partners Fidelity Real Estate Growth Fund III 2009 Golder Thoma Cressey Rauner IX Halder Investments IV Hearthstone Multi-State II FIMI Opportunity Fund I Franklin Park Venture Fund Series Golder Thoma Cressey Rauner V Halder-Gimv Germany Fund Homebuilding Partners FIMI Opportunity Fund II 2010 Golder Thoma Cressey Rauner VI Halder-Gimv Germany II Hearthstone Multi-State Value Added FIMI Opportunity Fund III Franklin Park Venture Fund Series Golder Thoma Cressey Rauner VIII Halo Fund I Fund III FIMI Opportunity Fund IV 2012 Golder Thoma Cressey Rauner X Halo Fund II Hearthstone RFC/OLY Homebuilding FIMI Opportunity Fund V Franklin Templeton Asian Real Goldrock Israeli Growth Halpern & Denny II Partners FIP Caixa Ambiental Estate Fund Golub Capital Partners IV Halyard Capital Fund II Heartland Industrial Partners FIP Prosperitas I Franklin Templeton European Real Golub Capital Partners V Hamilton Lane Co-Investment Fund Heitman IV FIP Prosperitas II Estate Fund Golub Capital Partners VI Hamilton Lane Private Equity Heitman Value Partners FIP Prosperitas III Franklin Templeton Private Real Golub Capital Partners VI Fund VI Hellman & Friedman II First Century Partners III Estate Fund International Hamilton Lane Secondary Fund Hellman & Friedman III First Reserve Fund IX Frazier Healthcare II Golub Capital Partners VII Hamilton Lane Secondary Fund II Hellman & Friedman IV First Reserve Fund VI Frazier Healthcare IV Golub Capital Partners VII Hamilton Lane Secondary Fund III Hellman & Friedman V First Reserve Fund VII Frazier Healthcare V International Hampshire Equity Partners II Hellman & Friedman VI First Reserve Fund VIII Frazier Healthcare VI Goode Consumer Fund I Hancock ForesTree II Hellman & Friedman VII First Reserve Fund X Frazier Technology Ventures II Gores Capital Partners Hancock ForesTree III Helmsman Capital Fund First Reserve Fund XI Fremont Partners III Gores Small Capitalisation Partners Hancock ForesTree VIII Helmsman Capital Fund II First Reserve Fund XII Friedman Fleischer & Lowe Capital Gotham City Residential Partners I Hancock ForesTree X Hemisferio Sul Investimentos First State European Diversifi ed Partners III GPM (11) Hancock Park Capital II Fund IV Infrastructure Fund Frogmore Real Estate Partners GPM (12) Hancock Park Capital III Henderson PFI Secondary I FirstMark Capital I Frogmore Real Estate Partners II GPM (7) Harbert Australian Private Equity Heritage Fields Capital Co-Investor

Member IL&FS India Realty Fund III Juno International Participations Landmark Equity Partners II Heritage Fund I IL&FS India Realty Fund II Intersouth Partners II Junqueira Landmark Equity Partners III Heritage Fund II Illinois Emerging Technologies Fund Intersouth Partners IV JW Childs Equity Partners III Landmark Equity Partners XIV Heritage Fund III Illinois Private Equity Fund Of Funds Intersouth Partners V Kairos Partners Private Equity Fund Landmark Real Estate Fund VI Herkules Private Equity Fund I Ilmarisen Suomi-Rahasto I Intersouth Partners VI Kames Target Healthcare Fund Landsbanki Mezzanine Fund II Herkules Private Equity Fund II ILP I Intersouth Partners VII Kayne Anderson Energy Fund V Larimer Venture Management II Herkules Private Equity Fund III ILP II Intervale Capital Fund I Kayne Anderson Energy Fund VI LaSalle Asia Opportunity Fund II Hermes GPE Environmental ILP III Intervale Capital Fund II Kayne Anderson Private Investors LaSalle Asia Opportunity Fund III Innovation Fund ILP Investment Vehicle InterWest Partners II Mezzanine LaSalle Asia Recovery Fund HEV III ILS Partners InterWest Partners III KB Mezzanine Fund II LaSalle CMIL Fund HG Capital I ImmoFin SICAR InterWest Partners IV KBA Partners LaSalle Income & Growth II HG Capital II ImmoFinRe II InterWest Partners IX KBA Partners II LaSalle Income & Growth III HG Capital III Imocar InterWest Partners V KCPS Buyout Fund I LaSalle Income & Growth V HG Capital IV Impax New Energy Investors InterWest Partners VI Kelso Investment Associates VI LaSalle Income Parking Fund HG Capital V Impax New Energy Investors II InterWest Partners VII Kenan-Flagler Private Equity Fund I Latin America Enterprise Fund HgCapital 5 Imperial Capital Acquisition Fund II InterWest Partners VIII Kenan-Flagler Private Equity Fund II Latin America PE Growth Fund II HgCapital 6 Imperial Capital Acquisition Fund III - InterWest Partners X Kensington Co-Investment Fund A Latin Power II HgCapital Renewable Power High Net Worth INVESCO I.M.A. (SDCERS) Kensington Fund of Funds II Lazard Australia Corporate Partners Fund II Imperial Capital Acquisition Fund INVESCO Partnership Fund II Kensington International Private Opportunities Fund II Hickory III - Institutional INVESCO Private Capital Fund I Equity Fund I Lazard Freres Real Estate Offshore II Hicks, Muse, Tate & Furst Equity Imperial Capital Acquisition Fund IV INVESCO Real Estate Fund I Kensington Private Equity Co- LBA Realty Fund III Fund II Imperial Capital Leveraged INVESCO Real Estate Fund II Investment Fund (2008) LBC Credit Partners I Hicks, Muse, Tate & Furst Equity Acquisition Fund Investcorp Technology Partners III Kensington Private Equity Co- LBC Credit Partners II Fund III IMR Fund Investec Investment Fund (2009) LC Fund V Hicks, Muse, Tate & Furst Europe Index Ventures II Invision IV Kensington Private Equity Fund IV Leeds Equity Partners V Fund I Index Ventures III IP Cathy One Kentucky Seed Capital Fund Legacy Capital HIG Growth Buyouts & Equity Fund II India Realty Fund I IP Cathy Two KERN Energy Partners Fund II Legacy Partners Realty Fund I High Road Capital Partners India Value Fund II IP Fund I KERN Energy Partners Fund III Legacy Partners Realty Fund II Highcrest Partners Fund India Value Fund III IP Fund II KERN Energy Partners I Fund Legacy Partners Realty Fund III Highland Capital Partners V India Value Fund IV IP Fund III Kerogen Energy Fund Legg Mason Mezzanine Fund Highland Capital Partners VI Industri Kapital 1989 Fund IPV Capital I Keystone Industrial Fund Lehman Brothers Communications Highland Capital Partners VII Industri Kapital 1994 Fund IPV Capital II Keystone IV Partners Highland Capital Partners VIII Industri Kapital 1997 Fund Ironwood Mezzanine Fund I Keystone Minority Capital Fund Lehman Brothers Merchant Banking Highland Consumer Fund I Industri Kapital 2000 Fund Ironwood Mezzanine Fund II Keystone V Lehman Brothers Merchant Banking Highland Restoration Capital Industri Kapital 2004 Fund Ironwood Mezzanine Fund III Khosla Ventures III II Partners Industri Kapital 2007 Fund Ironwood Mezzanine Fund III-A Khosla Ventures IV Lereko Metier Capital Growth Fund Highstar Capital Fund I Industrial Mezzanine Fund Irving Place Capital Partners II Khosla Ventures Seed Levine Leichtman Capital Partners Highway 12 Venture Fund II Industrial Opportunity Partners I Islamic Infrastructure Fund Kibo Fund Levine Leichtman Capital Partners Hill Partnership III Industry Ventures IV ISPT Development and Opportunities Kidd Kamm Equity Partners Deep Value Fund Hines US Offi ce Value Added Fund II Industry Ventures VI Fund No.1 Kings Park Capital I Levine Leichtman Capital Partners III HIPEP V 2007 European Buyout INext Fund ISPT Development and Opportunities Kirtland Capital Partners Levine Leichtman CP California HIPEP V-Asia Pacifi c and Rest of Infi nity Capital Venture 1999 Fund No.2 Kitty Hawk Capital III Growth World Partnership Infl exion 2003 Buyout Fund Israel Seed Partners IV KKR China Growth Fund Levmark Capital Hirtle Callaghan Private Equity Infl exion 2006 Buyout Fund ISTART-1 KKR E2 Investors - Annex Fund Lexington Capital Partners II Fund I Infl exion 2010 Buyout Fund Italian Private Equity Fund I KKR European Fund Lexington Capital Partners III Hirtle Callaghan Private Equity Infl exion 2012 Co-Investment Fund Italian Private Equity Fund III KKR European Fund II Lexington Capital Partners IV Fund II Infl exion Co-Investment Fund J-STAR Number One Investment KKR European Fund III Lexington Capital Partners V Hirtle Callaghan Private Equity Information Technology Ventures Limited Partnership KKR Fund 1982 Lexington Capital Partners VI Fund III Information Technology Ventures II Jackson Timberland Opportunities KKR Fund 1984 Lexington Capital Partners VII Hirtle Callaghan Private Equity InfraBrasil Fundo de Investimento JAFCO America Technology Fund III KKR Fund 1986 Lexington Middle Market Investors Fund IV em Participações JAFCO G-3 KKR Fund 1987 Lexington Middle Market Investors II Hirtle Callaghan Private Equity InfraRed Environmental JAFCO G-4 KKR Fund 1993 LFP European Fund of Funds Fund IX Infrastructure Fund JAFCO G-5 KKR Fund 1996 LGV 3 Private Equity Fund Hirtle Callaghan Private Equity InfraRed European Active Real JAFCO G-6(A)(B) KKR Fund 2006 LHV Capital I Fund V Estate Fund JAFCO G-7(A)(B) KKR Mezzanine Partners I Liberty Partners Pool I Hirtle Callaghan Private Equity InfraRed Infrastructure Fund I JAFCO G-8(A)(B) KKR Millennium Fund Liberty Partners Pool IV Fund VI InfraRed Infrastructure Fund II JAFCO MBO 1 KKR Natural Resources Lighthouse Capital Partners III Hirtle Callaghan Private Equity InfraRed Infrastructure Fund III JAFCO No 1 KKR North American XI Fund Lighthouse Capital Partners IV Fund VII Infrastructure, Public Service and JAFCO No 2 KKR Special Situations Fund Lightspeed Venture Partners VI Hirtle Callaghan Private Equity Natural Resource Investment Fund JAFCO No 3 Kleiner Perkins Caufi eld & Byers VI Lightspeed Venture Partners VII Fund VIII ING Realty Partners II JAFCO No 4 Kleinwort Benson Ventures Lightspeed Venture Partners VIII Hispania Private Equity II Innisfree PFI Secondary Fund JAFCO No 5 Kline Hawkes Pacifi c Lightyear Fund HitecVision Private Equity VI Innisfree PFI Secondary Fund II JAFCO No 6 Knife Capital Growth Equity Fund Lightyear Fund II HMTF Equity Fund V Innova/3 JAFCO R-3 1 - HBD Lightyear Fund III Hollyport Secondary Opportunities III Innova/5 JAFCO R1(A)(B) Knightsbridge Integrated Holdings IV Lime Rock Partners Hometown America Innova/98 JAFCO R2 Knightsbridge Integrated Holdings V Lime Rock Partners II Hony Capital Fund III Innovacom 1 Janus Participations Knightsbridge Venture Capital VI Lime Rock Partners III Hony Capital Fund V Innovacom 2 JATF Knightsbridge Venture Capital VII Lime Rock Partners IV Hopewell Ventures Innovacom 3 JAVP Knightsbridge Venture Completion Lime Rock Partners V Horizon Equity Fund III Innovacom 4 JAVP 2 2005 Lime Rock Partners VI Horizon Techventures Innovacom 5 JBC Acquisition and Development Knox Investment Partners Fund III Lime Rock Resources Horsley Bridge Fund VII Innovacom 6 Fund I Knox Investment Partners Fund IV Lime Rock Resources II HSBC Private Equity European InnoVentures Capital Partners I JBC Fund IV Kohlberg Investors II Linden Capital Partners HSBC Private Equity Partnership InnoVentures Capital Partners II JBC Opportunity Fund III Kohlberg Investors III Linden Capital Partners II Scheme Inroads Capital Partners JC Flowers II Kohlberg Investors IV Lindsay Goldberg - Fund I Hudson Clean Energy Partners Insight Equity I Jensen Group I Kohlberg Investors V Lindsay Goldberg - Fund II Hudson Realty Capital Fund IV Insight Equity II Jensen Russian Real Estate Fund II Kohlberg Investors VI Lindsay Goldberg - Fund III Hudson Venture Partners II Insight Equity Mezzanine I JER Real Estate Partners Europe III Kohlberg Investors VII Linsalata Capital Partners Fund VI Huff Alternative Income Fund InSight Venture Partners (Cayman) II JER Real Estate Partners I Koll Bren Opportunity Fund II Linsalata Capital Partners III Hunt Commercial Realty Partners II InSight Venture Partners (Cayman) JER Real Estate Partners II Koll Bren Opportunity Fund III Lion Capital Fund II Hunt Commercial Realty Partners III III JER Real Estate Partners III König & Cie Infrastruktur Lion Capital Fund III Hunt UK Realty Partners Fund InSight Venture Partners (Cayman) JER Real Estate Partners IV International I Lionstone Cash Flow Offi ce One Huntington Capital II IV Jerusalem Venture Partners I König & Cie International Private Non Mandate Huntsman Gay Capital Partners InSight Venture Partners JK&B Capital IV Equity II Lionstone Cash Flow Offi ce Two Hyde Park Venture Partners Coinvestment Fund V JLL Partners Fund III König & Cie Mezzanine-Opportunity Lionstone Cash Flow Real Estate Hyperion Partners II InSight Venture Partners V JLL Partners Fund V US I Partners One I&F I InSight Venture Partners VI JMB V König & Cie. International Private Lionstone U.S. Land One I&FI II Institutional Venture Partners V JMI Equity Fund III Equity Lionstone U.S. Land Two I&P Capital II Institutional Venture Partners VI JMI Equity Fund IV KPS Special Situations Fund Lionstone Urban Investments One I&P Capital III Institutional Venture Partners X JMI Equity Fund V KPS Special Situations Fund II Lionstone Urban Investments Two I-Hatch Ventures Institutional Venture Partners XIII JMI Equity Fund VI KPS Special Situations Fund III Liquid Realty IV I2 Capital Partners Institutional Venture Partners XIV JMI Equity Fund VII KPS Supplemental Fund LitCapital I IB Australian BioSciences Fund I Integrated Capital Hospitality Fund JOG I KPS Supplemental Special Lithuania SME Fund Iberia Fund Intercontinental Real Estate Fund III JOG II Situations Fund III Litorina Kapital Fund IV ICG Europe Fund V Intercontinental Real Estate Fund IV JOG III KRG Capital Fund I Littlejohn Fund I ICG European Fund 2006 Intermediate Capital Asia Pacifi c JOG IV KRG Capital Fund II Littlejohn Fund II ICG Mezzanine Fund 2003 Fund 2008 JOG V KRG Capital Fund III Littlejohn Fund III add-on ICG Minority Partners Fund 2008 Intermediate Capital Asia Pacifi c JOG VI KRG Capital Fund IV Littlejohn Fund IV ICG Recovery Fund 2008 Mezzanine Fund 2005 Jordan Resolute Fund KSL Capital Partners II LiveOak Venture Partners I ICV Partners II International Finance Participation Jordan Resolute Fund II KSL Capital Partners III LLR Equity Partners II IDeA Capital Fund I Trust 2001 (IFPT ‘01) Joseph Littlejohn & Levy Fund I KSL Capital Partners Supplemental II LLR Equity Partners III IDeA Capital Fund II International Finance Participation Joseph Littlejohn & Levy Fund II KTR Industrial Fund II LNK Partners I IDEA Energy Effi ciency and Trust 2004 (IFPT ‘04) JP Morgan India Property Fund KTR Industrial Fund III LNK Partners II Sustainable Development Fund International Private Equity Partners I JP Morgan Partners Global Investors L&G UK Property Income Fund LoanCore Capital IDEA Opportunity Fund I International Private Equity Partners JPMorgan Venture Capital Investors (Geared) Logistics & Distribution IDG Ventures India II III L&G UK Property Income Fund Lombard Asia III IFE Fund III International Private Equity Partners Juggernaut Capital Partners II (Ungeared) Lombard Asia IV

Lombard Nogales Radio Partners Mesa West Real Estate Income International New York/Fairview Emerging Oaktree Real Estate Opportunities Lombard Pacifi c Partners Fund Morgan Stanley Real Estate Fund VI Managers -Tranche 2 Fund VI Lone Star CRA Fund Mesa West Real Estate Income International New York/Fairview Private Equity OCM European Principal Lone Star Fund I Fund II Morgan Stanley Real Estate Fund Newbridge Asia II Opportunities Fund II Lone Star Fund III Mesirow Financial Private Equity VII Global Newbridge Asia III OCM European Principal Lone Star Fund IV Partnership Fund IV Morgan Stanley Real Estate III-Dom Newbridge Asia IV Opportunities Fund III Lone Star Fund VII Mesirow Capital Partners III Morgan Stanley Real Estate IV-Dom Newbridge Investment Partners OCM Opportunities Fund Lone Star New Markets Fund Mesirow Capital Partners V Morgan Stanley Real Estate Newbury Equity Partners OCM Opportunities Fund II Lone Star Opportunities Fund V Mesirow Capital Partners VI Mezzanine Partners Newbury Equity Partners II OCM Opportunities Fund III Lone Star Real Estate Fund I Mesirow Capital Partners VII Morgan Stanley Venture Partners NewMargin Partners I OCM Opportunities Fund IV Lone Star Real Estate Fund II Mesirow Financial Real Estate Value 2002 NewQuest Asia Fund I OCM Opportunities Fund IV-B Longitude Venture Partners Fund Morgan Stanley Venture Partners II NewSpring Growth Capital II OCM Opportunities Fund V Longitude Venture Partners II Metropolitan Real Estate Equity Morgan Stanley Venture Partners III NewSpring Growth Capital III OCM Opportunities Fund VI Longreach Capital Partners 1 Partners III Morgan Stanley Venture Partners IV NewSpring Health Capital II OCM Opportunities Fund VII Longreach Capital Partners 2 Mexico Ventures Morgenthaler Venture Partners III NewSpring Mezzanine Capital OCM Opportunities Fund VIIB Longroad Capital Partners III Meyer Bergman European Retail Morgenthaler Venture Partners IV NewSpring Mezzanine Capital II OCM Opportunities Fund VIII Louisiana Fund I Partners Morgenthaler Venture Partners VII NewSpring Ventures OCM Opportunities Fund VIIIB Lovell Minnick Equity Partners Mezzanine Lending Associates III Mountgrange Real Estate Newstone Capital I OCM Principal Opportunities Fund Lovell Minnick Equity Partners II Mezzanine Management Fund III Opportunity Fund Newstone Capital II OCM Principal Opportunities Fund II Lovell Minnick Equity Partners III Mezzanine Realty Partners MPM BioVentures I NEXT OCM Principal Opportunities Fund III Loyalhanna Venture Fund Mezzanine Realty Partners II MPM BioVentures II Next Capital OCM Principal Opportunities Fund IV Lubert Adler Real Estate Fund I Mezzanine Realty Partners III MPM BioVentures IV Next Capital II OCM Principal Opportunities Fund V Lubert Adler Real Estate Fund II MezzVest I MPM BioVentures V Next Wave Partners Fund I OCM Real Estate Opportunities Lubert Adler Real Estate Fund III MezzVest II MPM SunStates Fund Next Wave Partners Fund IB Fund A Lubert Adler Real Estate Fund VI MG Stratum Fund I MTI NextStage Capital OCM Real Estate Opportunities Lubert-Adler Fund VI-B MG Stratum Fund II MTI IV NGEN Partners II Fund III Lusofundo MG Stratum Fund III MTI Ventures NGEN Partners III OCM Real Estate Opportunities M2 Private Equity Fund of Funds MGPA Asia Fund II Multifamily Partners NGP Energy Technology Partners Fund IV MacFarlane Urban Real Estate II MGPA Asia Fund III Multinational Industrial Fund NGP Energy Technology Partners II OCM/GFI Power Opportunities Fund Macquarie Asia Pacifi c Co- MGPA Europe Fund II Multinational Industrial Fund II Niam Fund IV Offi ce Park Expo Fund Investment Fund MGPA Europe Fund III Murphree Venture Partners IV Nixen I OFS Investments Macquarie Asia Pacifi c Co- MGPA Fund I Murray Johnstone Private Acquisition NiXEN II OFS Investments III Investment Fund II MGPA Japan Core Plus Fund I NJDOI/GMAM Opp RE Investment OFS Investments IV Macquarie Asia Pacifi c Private Equity MHR Institutional Partners Murray Johnstone Private Acquisition Program OHA European Strategic Credit Fund Fund MHR Institutional Partners II II NJHL European Buyout Investment OHA Strategic Credit Fund II Macquarie Asia Pacifi c Private Equity MHR Institutional Partners III MUST 2 Fund I Old Court Ventures Fund II Miami Valley Venture Fund MUST 3 NJHL European Buyout Investment Oly Hightop Holding Macquarie Infrastructure Partners II Miami Valley Venture Fund II MUST 4 Fund II Olympic Venture Partners II Madison Dearborn Capital Partners I Middle Market Fund II Mutual Capital Partners Fund I NJHL European Buyout Investment Olympic Venture Partners III Madison Dearborn Capital Partners II Middle Market Fund III Mutual Capital Partners Fund II Fund III Olympic Venture Partners IV Madison Dearborn Capital Partners Middle Market Fund IV MVP II Liquidating Trust Noble Hospitality Fund Olympic Venture Partners V III Midinvest Fund I Narragansett First Fund Nogales Investors Fund I Olympus Growth Fund II Madison Dearborn Capital Partners Midinvest Fund II Nash Sells I Nokia Ventures Fund (Blue Run Olympus Growth Fund IV IV Midland Montagu Investissement National Pension 05-2 Korea Venture) Olympus Growth Fund V Madison Dearborn Capital Partners MidOcean Partners Investment Venture Capital Fund X Noor Kuwait LBO Fund Olympus Private Placement Fund VI MidOcean Partners Fund III Natural Gas Partners II Nord Ovest Impresa Olympus Real Estate Fund III Maghreb Private Equity Fund II Midtown Fund III Natural Gas Partners III Nordic Biotech One Liberty Fund III Magnum Capital Midwest Mezzanine Fund I Natural Gas Partners IV Nordic Biotech Opportunity Fund Onex Partners Main Capital Partners II Midwest Mezzanine Fund II Natural Gas Partners IX Nordic Biotech Venture Fund II Onex Partners II Mainsail Partners II Midwest Mezzanine Fund III Natural Gas Partners V Nordic Capital Fund III Onex Partners III Mandarin Capital Partners I Midwest Mezzanine Fund IV Natural Gas Partners VI Nordic Capital Fund IV OpenView Venture Partners Mangrove II Milestone 2007 Natural Gas Partners VII Nordic Capital Fund V OPERS International Timber Fund Mangrove III Millennium Technology Value Natural Gas Partners VIII Nordic Capital Fund VI Opus Capital I Mangrove NTVC I Partners Natural Gas Partners X Nordic Capital Fund VII Opus Capital VI Maranon Mezzanine Fund I Millennium Technology Value Nauta Tech Invest I Nordic Capital Fund VIII Orchid Asia V Markaz Real Estate Opportunities Partners II Nauta Tech Invest II Nordic Mezzanine Fund I Oregon Investment Fund Fund Mining Investments Separate Nauta Tech Invest III Nordic Mezzanine Fund II Oregon Investment Fund 1b Markaz U.S. Multifamily Realty Account Nautic Partners V Nordic Mezzanine Fund III Oregon PERF I Investment Unit IV Missouri PERS Nautic Partners VI North American Real Estate Partners Oregon PERF II Markstone Capital Partners Missouri PERS II Navis Asia Fund V North American Real Estate Oregon PERF III Marquette Venture II Mithras Capital Fund Navis Asia Fund VI Partners II Originate Growth Fund Maryland Venture Capital Trust MNC Partners Nazem & Company III North Bridge Venture Partners IV ORM Timber Fund III Materia Ventures Mobius Technology Ventures VI NB Co-investment Partners North Bridge Venture Partners V Osage Venture Partners III MatlinPatterson Global Opportunities Mohr Davidow Ventures III NB Co-Investment Partners II Northern Investment Company OSCCO III II Mohr Davidow Ventures IV NB PI Northern Venture Partnership Fund OVP Venture Partners VI MatlinPatterson Global Opportunities Molpus Woodlands Fund III NB Secondary Opportunities Fund I Northgate Private Equity Partners II OVP Venture Partners VII III Monitor Clipper I NB Secondary Opportunities Fund II Northgate Private Equity Partners III Oxford Bioscience Partners I MatlinPatterson II Preferred Partners Monitor Clipper IA NCT Ventures Fund I Northgate V Oxford Bioscience Partners III Matrix Partners II Monitor Clipper Partners II NeoMed II Northgate Venture Partners VI Oxford Bioscience Partners IV Matrix Partners III Monitor Clipper Partners III NeoMed III Northleaf Capital/CFOF Canadian P/A Fund Matrix Partners IV Monomoy Capital Partners I NeoMed IV Private Equity Holdings P/S BankInvest New Energy Matrix Partners V Monomoy Capital Partners II NeoMed V Northleaf Capital/CFOF Canadian Solutions Mayfi eld India I Montagu III NEPA Venture I Private Equity Holdings II Pacholder Value Opportunity Fund Mayfi eld XIV Montagu IV NEPA Venture II Northwest Ohio Venture Fund Pacifi c Community Ventures II MBK Partners II Montauk Triguard III Neuberger Berman/New Jersey Novak Biddle Venture Partners I Pacifi c Community Ventures III MBK Partners III Montauk Triguard IV Custom Investment Fund II Novak Biddle Venture Partners II Pacifi c Equity Partners Fund I MD Asia Investors Montauk Triguard V New Atlantic Venture Fund III Novak Biddle Venture Partners III Pacifi c Equity Partners Fund II Media / Communications Partners Montlake Capital II New Atlantic Venture Fund IV Novak Biddle Venture Partners IV Pacifi c Equity Partners Fund III Media / Communications Partners II Monument Capital Partners I New Court Ventures Novak Biddle Venture Partners V Pacifi c Equity Partners Fund IV Media / Communications Partners VI Monument Capital Partners II New England Growth Fund I Novimove Pacifi c Equity Partners Medical Research Commercialisation Morgan Creek Partners Venture New England Growth Fund II Novo Tellus PE Fund 1 Supplementary Fund II Fund IIF Access Fund New England Real Estate Equity NPE I - Global Fund of Funds Pacifi c Road Resources Fund Mediphase Venture Partners II Morgan Grenfell Equity Partners II Fund NPE II - Global Fund of Funds Pacifi c Synergies IV Mekong Enterprise Fund Morgan Holland II New Enterprise Associates IV NPE III - Global Fund of Funds Pacifi c West Distressed Asset Fund Mekong Enterprise Fund II Morgan Stanley AIP Global New Enterprise Associates V NREP Real Estate Debt Fund Pacifi c West Real Estate Opportunity Mengus Stockholm AB Diversifi ed Fund - PMF II New Enterprise Associates X Nth Power IV Fund Menlo Evergreen V Morgan Stanley Global Distressed New Enterprise Associates XII NYLCAP Mezzanine Partners III PAG Asia I Menlo Ventures III Opportunities New Enterprise Associates XIII NYLCAP Select Manager Fund PAI Europe III Menlo Ventures IV Morgan Stanley Global Emerging New Enterprise Associates XIV NYLIM Mezzanine Partners II PAI Europe V Menlo Ventures IX Markets Private Inv New Europe Venture Equity Fund O’Connor North American Property PAI LBO Fund Menlo Ventures VI Morgan Stanley Global Secondary New Horizon Capital Fund III Partners II Paladin III Menlo Ventures VII Opportunities Fund I New Jersey Asia Investors Fund I O’Donnell & Masur Palamon European Equity II Menlo Ventures VIII Morgan Stanley Leveraged Equity New Jersey Asia Investors Fund II Oak Hill Capital Partners II Palatine Private Equity II Menlo Ventures X Fund I New Leaf Venture II Oak Hill Capital Partners III Palladium Equity Partners III Menlo Ventures XI Morgan Stanley Private Equity Asia New Leaf Ventures I Oak Investment Partners IX Palladium Equity Partners IV MentorTech 2005 Fund II New Mountain Partners Oak Investment Partners V Palomar Ventures II MentorTech II Morgan Stanley Private Equity Asia New Mountain Partners II Oak Investment Partners VI Pamfl eet Real Estate Fund Merced II Fund III New Mountain Partners III Oak Investment Partners VIII Pangaea Two Merced III Morgan Stanley Private Markets New York CRF Investment Fund Oak Investment Partners X Pangaea Ventures Fund I Meridiam Infrastructure Fund Fund I New York Legacy Venture Capital Oak Investment Partners XI Pangaea Ventures Fund II Meridian Venture Partners Morgan Stanley Private Markets Fund Oak Investment Partners XII Pantheon Asia Fund I Merion Investment Partners Fund III New York Life Capital Partners I Oak Investment Partners XIII Pantheon Asia Fund II Merit Energy Partners F Morgan Stanley Private Markets New York Life Capital Partners II Oak Street Partners RE Fund I Pantheon Asia Fund III Merit Energy Partners G Fund IV New York Life Capital Partners III Oak Street Real Estate Capital Pantheon Asia Fund IV Merit Mezzanine Fund IV Morgan Stanley Real Estate Fund IV New York Life Capital Partners IV Fund II Pantheon Asia Fund V Merit Mezzanine Fund V International New York/Fairview Emerging Oaktree Opportunities Fund IX Pantheon Asia Fund VI Meritech Capital Partners IV Morgan Stanley Real Estate Fund V Managers Oaktree Power Opportunities Fund III Pantheon Emerging Asia Fund VI

Pantheon Europe 1988 Permira Italy I Buyout Fund Quintana Capital I Rockpoint Special Fund Pantheon Europe 1991 Permira IV Private Advisors Small Company Ram Realty Partners III Rockport Capital Partners III Pantheon Europe 1994 Permira U.K. Venture I Extension Buyout Fund II RCP Direct Rockwood Capital Real Estate Pantheon Europe Fund I Permira UK I Private Advisors Small Company RCP Fund I Partners Fund IV Pantheon Europe Fund II Permira UK II Buyout Fund III RCP Fund II Rockwood Capital Real Estate Pantheon Europe Fund III Permira UK III Private Advisors Small Company RCP Fund III Partners Fund VII Pantheon Europe Fund IV Permira UK Venture Fund III Buyout Fund IV RCP Fund IV Rockwood Capital Real Estate Pantheon Europe Fund V Permira UK Venture Fund IV Private Advisors Small Company RCP Fund V Partners Fund VIII Pantheon Europe Fund VI Permira UK Venture I Buyout Fund V RCP Fund VI Rosewood Capital IV Pantheon Europe Fund VII Permira UK Venture II Private Equity Investment Fund V RCP Fund VII Rossrock 2005 Fund Pantheon Global Secondary Fund Perseus 2000 Expansion Fund Private Equity New Markets I RCP Secondary Opportunity Fund Rossrock Fund II Pantheon Global Secondary Fund II Perseus Soros Bio Pharm Private Equity New Markets II Real Estate Capital Asia Partners Royal London Private Equity Fund Pantheon Global Secondary Fund III Pfi ngsten Fund I Private Equity New Markets III Real Estate Capital Asia Partners III Royalton Capital Investors Pantheon Global Secondary Fund IV Pharos Capital Partners III Private Equity Nordamerika Real Estate Fund Finland I Royalton Capital Investors II Pantheon USA Fund Philadelphia Ventures II Private Equity Welt II Real Estate Opportunity Capital Fund RREEF Global Opportunities Fund II Pantheon USA Fund II Phildrew Ventures Fifth Fund Private Equity Welt III Real Estate Opportunity Capital RREEF I.M.A. (SDCERS) Pantheon USA Fund III Phildrew Ventures Fourth Fund Private Equity Welt IV Fund II RREEF Pan-European Infrastructure Pantheon USA Fund IV Phildrew Ventures Fund Private Equity Welt IX Recap Apartment Communities I Fund Pantheon USA Fund IX Phildrew Ventures Third Fund Private Equity Welt V Recap Apartment Communities II RREEF UK Property Ventures Fund Pantheon USA Fund V Phillips-Smith Specialty Retail Private Equity Welt VI Recap Investments I No. 3 Pantheon USA Fund VI Group III Private Equity Welt VII Recap Investments III RRJ Capital Master Fund II Pantheon USA Fund VII Phoenix Equity Partners III Private Equity Welt VIII Recap Investments IV RS & Co. Venture Partners IV Pantheon USA Fund VIII Phoenix Equity Partners IV Private Equity Welt X Recap Investments V RSTW Partners III Pantheon USA Small Funds Phoenix Partners PRIVEQ I Recap Investments VI Russia Partners II Program IX Phoenix Partners II PRIVEQ II Recap Investments VII Russia Partners III Pantheon Venture Partners I Pine Brook Road Partners II PRIVEQ III Recap Investments VIII Rustic Canyon/Fontis Partners Paragon Partners Pinebridge Secondary Partners I PRIVEQ IV Recap Metropolitan Opportunity RWBCO ‘89 Paragon Private Equity Fund I Pinebridge Secondary Partners II ProA Capital Iberian Buyout Fund I Fund Sacramento Private Equity Partners Paragon Venture Partners II Pinnacle Equity Fund I Procuritas Capital Investors II Recap Offi ce Developments SAIF Partners IV Park Street Capital Natural Resource Pinnacle Equity Fund II Procuritas Capital Investors III Recap Rocky Mountain Opportunity SAIL Sustainable Louisiana I&II Park Street Capital Natural Resource Pinnacle Venture Debt I Procuritas Capital Investors IV Fund I Sail Venture Partners II Fund III Pinnacle Venture Debt II Procuritas Capital Investors V Redpoint Ventures II Salix Affi liates II Park Street Capital Natural Resource Pinnacle Venture Debt III Procuritas MBO Invest Related Real Estate Recovery Fund Salix Ventures I Fund IV Pioneer Ventures Associates Progress-Lovell Minnick Ventures Relativity Fund Salix Ventures II Park Street Capital Natural Resource Pitango Venture Capital Fund III Progressio Investimenti I Reliant Equity Partners Samara Capital Fund I Fund V Pitango Venture Capital Fund IV Progressio Investimenti II Rembrandt Venture Partners Sanderling IV Park Street Capital Natural Resource Place/Blue Vista Student Housing Prologis Japan Fund 1 Renaissance Technologies 2 Sanderling IV Co-Investment II Fund Promotion Equity I Renaissance Technologies 3 Sanderling Venture Partners VI Park Street Capital Private Equity Place/Blue Vista Student Housing ProQuest Investments I Reservoir Capital Investment Sanderling Venture V Co Investment Fund IX Fund II ProQuest Investments II Partners 2008 Sanderling Venture VI Co Investment Park Street Capital Private Equity Platinum Equity Capital Partners ProQuest Investments III Resilience Fund I Sankaty Credit Opportunities Fund II Fund V Fund I ProQuest Investments IV Resilience Fund II Sankaty Credit Opportunities Fund III Park Street Capital Private Equity Platinum Equity Capital Partners Prospect Poland Fund Resource Capital Fund I Sankaty Credit Opportunities Fund IV Fund VI Fund II Prospect Venture Partners Resource Capital Fund II Sankaty Credit Opportunities I Park Street Capital Private Equity Plexus Capital I Prospect Venture Partners II Resource Capital Fund III Sankaty Middle Market Opportunities Fund VII Plexus Capital II Prosperitas III Industrial Resource Capital Fund IV Fund I Park Street Capital Private Equity PLSG Accelerator Fund I Providence Equity Partners III Resource Capital Fund V Saratoga Partners II Fund VIII Plymouth Venture Partners I Providence Equity Partners V Resource Capital Fund VI Sares Regis Multifamily Fund Park Street Capital Private Equity Plymouth Venture Partners II Providence Equity Partners VI Retail Initiative Savanna Real Estate Fund I Fund X PMI Mezzanine Fund Providence Equity Partners VII RFE Investment Partners V Saybrook Corporate Opportunity Parmenter Realty Fund I Pohjola Real Estate Debt and Providence Growth Investors RFG Private Equity 1 Fund I Parmenter Realty Fund II Secondaries Providence Media Partners RHO Canada Ventures I SB Asia Investment Fund II Parmenter Realty Fund III Pohjola Real Estate Fund of Funds II Providence TMT Special Situations RHO Canada Ventures II SB Asia Investment Fund III Parmenter Realty Partners Fund IV Polaris II Fund RHO Ventures I SC-IL&FS Asia Infrastructure Growth Partech International Ventures IV Polaris III Providence TMT Special Situations RHO Ventures II Fund Parthenon Investors Polaris Venture Partners Fund II RHO Ventures III Scale Venture Partners II Parthenon Investors II Polaris Venture Partners IV Prudential Capital Partners RHO Ventures IV Scale Venture Partners III Parthenon Investors III Polaris Venture Partners V Prudential Capital Partners II RHO Ventures V Scout Fund I Parthenon Investors IV Polish Enterprise Fund Prudential Capital Partners III RHO Ventures VI SCP Private Equity I Partners Group Asia-Pacifi c 2005 Polish Enterprise Fund IV Prudential Capital Partners IV Rhone Capital Fund II SCP Private Equity II Partners Group Global Growth 2011 Polish Enterprise Fund V Prudential Private Equity III Rhone Partners III Seaport Capital Partners II Partners Group Global Real Estate Polish Enterprise Fund VI Prudential Senior Housing Partners Rhone Partners IV Seaport Capital Partners III 2008 Polish Enterprise Fund VII IV Rice Partners II Seaport Capital Partners IV Partners Group Global Value 2008 Polish Private Equity Fund I & II Prudential Venture Partners II Ridgemont Equity Partners Fund I Seavest Properties Fund I Partners Group Maple Leaf Pomona Capital I Prutimber Fund One Ridgemont Partners Secondary Seavest Properties Fund II Partners Group Maple Leaf Pomona Capital II Prutimber Fund Three Fund I Seavest Properties Fund III Secondary Fund II Pomona Capital III Prutimber Fund Two RIMCO Partners IV SEAVI Advent Equity IV Partners Group Secondary 2004 Pomona Capital IV PS Fund I – Baitak Asia Real Estate Ripplewood Partners SEAVI Advent Equity V Partners Group Secondary 2011 Pomona Capital V Fund Riverlake Equity Partners Fund II Second City Capital Partners Fund II Partners Group US Private Equity Pomona Capital VI PS Fund II - Asia Real Estate Income Riverlake Partners Fund I Secured Capital Japan Real Estate 2011 Pomona Capital VII Fund Riverside Asia Fund I Partners Asia Partners Group US Venture 2006 Portfolio Advisors Secondary Fund PS Fund III - Asia Real Estate Prime Riverside Asia-Pacifi c Fund II Secured Capital Japan Real Estate Parvilla I Portobello Capital Fund I Development Fund Riverside Central Europe Fund Partners II Patria Brazilian Private Equity Portobello Capital Fund II Psilos Capital III Riverside Europe Fund II Secured Capital Japan Real Estate Fund III PPF Partners 1 PTV Sciences Annex Riverside Europe Fund III Partners IV Pátria Brazilian Private Equity Practica Seed Capital Fund PTV Sciences I Riverside Europe Fund IV Secured Capital Japan Real Estate Fund IV Practica Venture Capital Fund PTV Sciences II Riverside Micro-Cap Fund I Partners Loan Fund Patrimonium Middle Market Debt Pradera Central & Eastern Fund Pyramid Hotel Opportunity Fund II Riverside Micro-Cap Fund II Secured Capital Japan Residential Fund Pradera European Retail Fund Pyramid Hotel Opportunity Venture Riverside Partners IV Fund I Patron Capital Fund IV Pradera European Retail Fund 2 QCM Private Equity Fund Riverside Partners V Secured Capital Japan Residential Patron Capital Partners III Pragma Capital Quad-C Partners V Riverstone Global Energy and Power Fund II Paul Capital Top Tier Investments II Pragma Capital II Quad-C Partners VII Fund V Security Capital European Realty Paul Capital Top Tier Investments III Prelude Technology Fund II Quad-C Partners VII Coinvestment Riverstone/Carlyle Global Energy SEED Capital Denmark II K/S PCG Corporate Partners Fund Primary Capital I Fund and Power Fund IV SEED Capital Denmark K/S Peabody Global Real Estate Primary Capital II Quadrangle Capital Partners Riverstone/Carlyle Renewable and Segulah I Partners Primary Capital III Quadrangle Capital Partners II Alternative Energy Fund II Segulah II Peak Rock Capital Fund Primasia Ant Bridge No.1 Greater Quadrant Capital Fund I RiverVest Venture Partners II Segulah III Penman Private Equity & China Secondary Fund Quadrant Capital Fund II Riverwood Capital I Segulah IV Mezzannine Fund Prime Technology Ventures I Quadrant Capital Fund III Rizvi Opportunistic Equity Fund Seidler Equity Partners IV Pennsylvania Early Stage Partners III Prime Technology Ventures II Quadrant Private Equity No 1 Rizvi Opportunistic Equity Fund II Selene Residential Mortgage Peppertree Fund Prime Technology Ventures III Quadrant Private Equity No. 3 RJD Private Equity Fund II Opportunity Fund Peppertree Fund II Prime Technology Ventures IV Quadrant Private Equity No.2 RLH Investors II Selene Residential Mortgage Peregrine Greater China Capital Prime VIII Quadriga Capital Private Equity RLH Investors III Opportunity Fund II Appreciation Fund Primus Capital Fund I Fund II RLJ Urban Lodging Fund Sentica Buyout III Perfectis I Primus Capital Fund II Quadriga Capital Private Equity RMK Timber Fund B Sentica Kasvurahasto II Perfectis II Primus Capital Fund III Fund III Roark Capital Partners III Sentica Terveysteknologia I Performance Venture Capital Primus Capital Fund VI Quadriga Capital Private Equity RockBridge Hospitality Fund I Sentient Global Resources Fund IV Performance Venture Capital II Primus Capital Fund VII Fund IV RockBridge Hospitality Fund II Sentinel Capital Partners IV Periscope Fund I Prism Mezzanine Fund Quantum Energy Partners RockBridge Hospitality Fund III Sentinel Multifamily Value-Added Permira Europe I Prism Venture Partners I Quantum Energy Partners II RockBridge Hospitality Fund IV Fund I Permira Europe II Prism Venture Partners II Quantum Energy Partners III RockBridge Hospitality Fund V Sentinel Realty Partners II Permira Europe III Prism Venture Partners IV Quantum Energy Partners IV Rockland Power Partners Sentinel Realty Partners IV Permira France I Private Advisors Co-Investment Fund Quantum Energy Partners V Rockpoint Finance Fund I Sentinel Realty Partners V Permira France II Private Advisors Co-Investment Questor Partners Fund Rockpoint Real Estate Fund I Sentinel Realty Partners VI Permira France Venture I Fund II Questor Partners Fund II Rockpoint Real Estate Fund II Sention Kasvurahasto Permira German Buy-Outs Private Advisors Private Equity Fund Quinlan Private European Strategic Rockpoint Real Estate Fund III SEP IV Permira German Buyouts 1992 Private Advisors Small Company Real Estate Rockpoint Real Estate Fund IV Sequel Limited Partnership II

Sequel Limited Partnership III Square Mile Partners IV Summit Partners Venture Capital Templeton Strategic Emerging Tricon IX Service Equity Partners SRI Six Operating Company Fund III Market Fund II Tricon X Sevin Rosen Fund IV St Cloud Capital Partners II Summit Subordinated Debt Fund Templeton Strategic Emerging Tricon XI Sevin Rosen Fund V Stafford International Timberland Summit Subordinated Debt Fund II Market Fund III Tricon XII Sevin Rosen Fund VI Fund IV Summit Subordinated Debt Fund III Tenaya Capital VI Trident Capital Fund V Sevin Rosen Fund VII Stafford International Timberland Summit V Companion Fund Tenex Capital Partners Trident Fund V Sevin Rosen Fund VIII Fund V Summit Ventures Terra Firma Capital Partners I Trident Private Equity Fund I Shasta Ventures Fund Stafford International Timberland Summit Ventures II Terra Firma Capital Partners III Trident Private Equity Fund II Shawmut Equity Partners Fund VI Summit Ventures III Terra Firma Deutsche Annington Trident Private Equity Fund III Sheridan Production Partners Stam REI I Summit Ventures IV Terra Firma Special Opportunities TriGate Property Partners Shorenstein Investment Partners Stam REI III Summit Ventures V Fund I TriGate Property Partners II Shorenstein Realty Investors StarVest Partners II Summit Ventures VI Terra Venture Partners Trilantic Capital Partners III Shorenstein Realty Investors Eight Starwood Capital Global Hospitality Sun Capital Partners II Texas Growth Fund - 1991 Trust Trilantic Capital Partners IV Shorenstein Realty Investors Four Fund II Sun Capital Partners III Texas Growth Fund - 1995 Trust Trilantic Capital Partners IV Europe Shorenstein Realty Investors Nine Starwood Debt Fund II Sun Capital Partners V Texas Growth Fund II - 1998 Trust Trindade Shorenstein Realty Investors Seven Starwood Distressed Opportunity Sunrise Capital Partners Texas Pacifi c Group Partners Trinity Ventures VIII Shorenstein Realty Investors Ten Fund IX Sunwestern Venture III TGM Multifamily Fund Triton Fund III Shorenstein Realty Investors Three Starwood Energy Infrastructure Fund Suomi Välirahoitusrahasto I TH Lee Putnam Parallel Ventures Triumph Connecticut Shorenstein Realty Investors Two Starwood Global Opportunity Sustainable Property Fund Thackeray Partners Realty Fund Triumph Investment Fund II Short Vincent Partners II Fund VI Sustainable Woodlands Fund I Thackeray Partners Realty Fund III Trivest Fund II Sierra Fund Starwood Global Opportunity Fund Sustainable Woodlands Fund II Thackeray Realty Partners Fund II Trophy Property Development Sierra Ventures IV VII SV Life Sciences Fund I Thailand Equity Fund Trumpet Investors Sierra Ventures V Starwood Global Opportunity Fund SV Life Sciences Fund II Thayer Equity Investors V Trustbridge Partners IV Sierra Ventures VIII VIII SV Life Sciences Fund III The Aurora Fund TSG Capital Fund II Siguler Guff BRIC Opportunities Starwood Hospitality Fund I SV Life Sciences Fund IV The CarePlaces Limited Partnership TSG Capital Fund III Fund Starwood Opportunity Fund IV SV Life Sciences Fund V The Column Group TTV Capital I Siguler Guff BRIC Opportunities Starwood Opportunity Fund V SVB India Capital Partners I The Markaz / Hamilton Lane TTV Capital III Fund II Steadfast Capital I SVB Strategic Investors Fund IV Technology Fund Tucker Anthony Private Equity Fund Siguler Guff BRIC Opportunities Steadfast Capital II Sveafastigheter Fund I The Resilience Fund III Tucker Anthony Private Equity Fund III Steadfast Capital III Sveafastigheter Fund II The Third Brown Shipley Fund Fund II Siguler Guff Distressed Opportunities StepStone Atlantic Fund Sveafastigheter Fund III Third Causeway Development Tucker Anthony Private Equity Fund StepStone Atlantic Fund - SVP RE I Capital Fund III Siguler Guff Distressed Opportunities Infrastructure SW Pelham Fund II Third Rock Ventures Tucker Anthony Private Equity Fund II StepStone Secondary Opportunities SW Pelham Fund III Third Rock Ventures II Fund IV Siguler Guff Distressed Opportunities Fund II Symphony Technology Group III Thoma Bravo Fund IX Tucker Anthony Private Equity Fund III Sterling American Property V Syndicated Communications Thoma Bravo Fund X Technology Fund Siguler Guff Distressed Opportunities Sterling Capital Partners III Ventures II Thoma Cressey Fund VI Tucker Development and Acquisition Fund IV Sterling Capital Partners IV Syndicated Communications Thoma Cressey Fund VII Fund Siguler Guff Distressed Real Estate Sterling Group Partners III Ventures IV Thoma Cressey Fund VIII Turkish Private Equity Fund II Opportunities Fund STIC Private Equity Fund I Syndicated Communications Thomas H Lee II TVC Capital Siguler Guff Small Buyout Stockbridge Value Fund I Ventures V Thomas H Lee IV TVM Healthcare MENA 1 Fund Opportunities Fund Stonehenge Mezzanine Syntegra Capital Fund I Thomas H Lee V TVM I Siguler Guff Small Buyout Opportunities Syntegra Capital Fund II Thomas H Lee VI TVM II Opportunities Fund II Stonehenge Opportunity Fund Syntegra Capital Fund III Thomas McNerney & Partners II TVM III (German Fund) Silver Lake Partners Stonehenge Opportunity Fund II T2 Opportunity Fund Thomas Weisel Global Growth TVM III (US Fund) Silver Lake Partners II Stonington Capital Appreciation 1994 T2 Opportunity Fund II Partners II TVM IV Silver Lake Partners III Storebrand Emerging Private Equity T3 Partners II Thompson Street Capital Partners II TVM Life Science Venture VI Silver Lake Sumeru Markets 2006 TA / Advent VIII Thompson Street Capital Partners III TVM Life Science Ventures VII Silverpeak Legacy Partners I Storebrand Emerging Private Equity TA IX Thor Urban Property Fund II TVM Medical Ventures Silverpeak Legacy Partners II Markets 2007 TA Realty Associates I Three Arch Capital TVM V Information Technology Silverpeak Legacy Partners III Storebrand International Private TA Realty Associates II Three Arch Partners III TVM V Life Science Sinergia con Imprenditori Equity I TA Realty Associates III Three Arch Partners IV Twin Haven Special Opportunities SJF Venture II Storebrand International Private TA Realty Associates IV Ticonderoga KI Fund II, L.P. SKM Equity Fund III Equity II TA Realty Associates IX Ticonderoga SBIC Twin Haven Special Opportunities Skyline III Storebrand International Private TA Realty Associates V TimberVest Crossover Partners I Fund III L.P. SL Capital European Smaller Funds I Equity III TA Realty Associates VI TimberVest Crossover Partners II Twin Haven Special Opportunities SMID International Fund Storebrand International Private TA Realty Associates VII TimberVest Crossover Partners III Fund IV L.P. Smith Offshore Equity IV TA Realty Associates VIII Timbervest Partners UK High Technology Fund No.1 Social Capital Partnership II Storebrand International Private TA Realty Associates X TimberVest Partners II Unicapital Investments I Sofi nnova Venture Partners VII Equity IX TA Subordinated Debt TimberVest Partners III Unicapital Investments II Sofi nnova Venture Partners VIII Storebrand International Private TA Subordinated Debt II Tishman Speyer Real Estate Venture Unicapital Investments III Softbank China Venture Capital Equity V TA Subordinated Debt III VII Unicapital Investments IV Europe Fund III Storebrand International Private TA X TL Ventures Unicapital Investments IV Global Sorenson Capital Equity VI TA XI TL Ventures II Unicapital Investments V Europe Sorenson Capital Partners II Storebrand International Private Tailwind Capital Partners TL Ventures III Unicapital Investments V Global South America Growth Fund Equity VII Tallwood II TL Ventures IV Unigestion - Ethos Environmental South Atlantic Venture Fund II Storebrand International Private Target Partners Fund I TL Ventures V Sustainability Fund of Funds South East Asian Strategic Assets Equity VIII Target Partners Fund II TMT Ventures Unigestion Secondary Opportunity Fund Storebrand International Private Taurus Resources Fund No. 2 Tokyo Recovery Fund Fund II South Eastern Europe Fund Equity X TCW / Crescent Mezzanine II Torchlight Debt Opportunity Fund I Union Square Ventures Southeast Europe Equity Fund II Storebrand International Private TCW / Crescent Mezzanine III Torchlight Debt Opportunity Fund II Union Square Ventures II Southeastern Technology Fund I Equity XI TCW / Crescent Mezzanine IV Torchlight Debt Opportunity Fund III Union Square Ventures III Southeastern Technology Fund II Storebrand International Private TCW / Crescent Mezzanine V TowerBrook Investors II Union Square Ventures Opportunity Southern California Smart Growth Equity XII TCW Commingled Debt & Royalty TowerBrook Investors III Fund Fund I Storebrand International Private Fund IV TPG Alternative & Renewable Unitas Opportunity Fund III Southern Cross Latin America Equity XIII TCW Commingled Debt & Royalty III Technologies Partners United States Power Fund Fund II Storebrand Norwegian Private Equity TCW Debt & Royalty Funds VI TPG Asia V United States Power Fund II Southern Cross Latin America 2006 TCW Special Credits Fund IIb TPG Asia VI United States Power Fund III Fund III Storebrand Norwegian Private Equity TCW Special Credits Fund III TPG Biotechnology Partners United States Power Fund IV Southern Cross Latin America 2007 TCW Special Credits Fund IIIb TPG Biotechnology Partners II United Utilities Venture Fund Fund IV Storebrand Special Opportunities TCW Special Credits Fund IV TPG Biotechnology Partners III Unitus Equity Fund Southern Cross Latin America Storebrand Special Opportunities II TCW Special Credits Plus Fund TPG Financial Partners Updata Partners III Private Equity Fund Storm Ventures Fund I TCW Special Credits V - Principal TPG Growth II Updata Partners IV Southvest Fund V Storm Ventures Fund II Fund TPG Opportunities Partners II Updata Venture Partners II Special Private Equity Partners I Storm Ventures Fund III TCW Special Placement II TPG Partners II Upfront I Spectrum Equity Investors Strategic Partners Value TCW Special Placement III TPG Partners IV Upfront II Spectrum Equity Investors II Enhancement Fund Tech Ventures I TPG Partners V Upfront III Spectrum Equity Investors IV Strategic Value Special Situations Tech Ventures II TPG Partners VI Upfront IV Spectrum Equity Investors V Fund Tech Ventures III TPG Star Urdang Value-Added Fund Spectrum Equity Investors VI Strategic Value Special Situations Technocom Transatlantic Capital Bio-Sciences Urdang Value-Added Fund II Spectrum Fund Fund II Technocom 2 Fund US Equity Partners I Spire Capital Partners II Stratus Cleantech Technologies for Information & TransEuropean Property I US Venture Partners V Sports Capital Partners Stratus Growth Capital Entertainment III Transwestern Offi ce Partners I US Venture Partners VI Sports Venture Partners I Summer Street Capital II Technology Crossover Ventures Transwestern Offi ce Partners II US Venture Partners VII Sports Venture Partners II Summer Street Capital III Technology Crossover Ventures II Tremont Fund A US Venture Partners VIII Spring Mill Venture Fund Summit Accelerator Fund Technology Crossover Ventures III Tremont Fund B USIT I Sprout Capital IX Summit Partners Credit Fund Technology Crossover Ventures IV Tremont Fund C USIT II Sprout Capital VI Summit Partners Europe Private Technology Crossover Ventures V Tri Continental Capital VIII USRG Power and Biofuels Fund II Sprout Capital VII Equity Technology Crossover Ventures VI Tri Continental Fund USRG Power and Biofuels Fund III Sprout Capital VIII Summit Partners Growth Equity Technology Crossover Ventures VII Tri Continental Fund IV UV Partners Fund III Sprout Growth II Fund VIII Technology Partners Fund V Tri Continental Fund V UV Partners Fund IV Spur Ventures Summit Partners Private Equity Technology Partners Fund VI Tri Continental Fund VI V4C Eastern Europe II Spur Ventures II Fund VII Technology Partners West Fund IV Tri Continental Fund VII Vaaka Partners Buyout I Spur Ventures III Summit Partners Subordinated Debt Telecom Partners II Tri-State Growth Capital Fund I Vaaka Partners Buyout II Square 1 Venture 1 Fund IV Telecom Partners III Tri-State Growth Capital Fund II Valhalla Partners II Square Mile Partners II Summit Partners Venture Capital Templeton Strategic Emerging Triad Ventures II Valley Ventures II Square Mile Partners III Fund II Market Fund Triathlon Medical Ventures Valor Equity Partners Fund I

Valor Equity Partners Fund II Wellington Financial I Worldview Technology Partners II ValStone Opportunity Fund III Wellington Financial II Worldview Technology Partners III ValStone Opportunity Fund IV Wellington Financial III Worldview Technology Partners IV Value Enhancement Fund III Wellington Financial IV WPG Corporate Development VantagePoint Cleantech Partners Wellspring Capital Partners II Associates V VantagePoint CleanTech Partners II Wellspring Capital Partners III WPG Enterprise Fund VantagePoint Venture Partners III Wellspring Capital Partners V WPG Enterprise Fund II VantagePoint Venture Partners IV Welsh Carson Anderson & Stowe CP WPG Enterprise Fund III VantagePoint Venture Partners V Welsh Carson Anderson & Stowe WPG Venture Associates IV Varde Select Fund CP II WPG Venture Associates V VCFA Venture Partners Welsh Carson Anderson & Stowe WSL Partners VCGA I CP III Wynnchurch Capital Partners I VCGA III Welsh Carson Anderson & Stowe Wynnchurch Capital Partners II VDCapital CP IV Wynnchurch Capital Partners III Vectis Healthcare & Life Sciences Welsh Carson Anderson & Stowe III Xenon V Fund II Welsh Carson Anderson & Stowe IV XPV Water Fund Vectis Life Sciences Fund Welsh Carson Anderson & Stowe IX Xylem II Vector Capital II Welsh Carson Anderson & Stowe V Yellow&Blue Clean Energy Vector Fund IV Welsh Carson Anderson & Stowe VI Investments Ventech Capital F Welsh Carson Anderson & Stowe VII York Special Opportunities Fund I Ventech Capital I Welsh Carson Anderson & Stowe Yorktown Energy Partners III Ventech Capital II VIII YourNest Angel Fund Ventech Capital III Welsh Carson Anderson & Stowe X Ysios BioFund I Ventech Partners Welsh Carson Anderson & Stowe XI Yucaipa American Alliance Fund I Venture Capital Fund of New Westbrook Real Estate Fund IX Yucaipa American Alliance Fund II England II Westbrook Real Estate Fund VI Yucaipa American Special Situations Venture Capital Fund of New Westbrook Real Estate Fund VII Yucaipa Corporate Initiatives Fund I England III Westbrook Real Estate Fund VIII Yucaipa Corporate Initiatives Fund II Venture Investment Associates Western National Realty Fund II Z Capital Special Situations Fund Venture Investment Associates VII Weston Presidio II Z Capital Special Situations Fund II Venture Investors of Wisconsin Weston Presidio III Zell / Chilmark Fund Venture Lending & Leasing III Weston Presidio IV Zesiger Capital Group Verdane Capital IV Weston Presidio Offshore Capital Zeus Private Equity Fund I Verdane Capital V Weston Presidio V ZM Capital Verdane Capital VI Wexford Partners I ZN Mexico Trust Verdane Capital VII Wexford Partners II Veritas Capital Fund II Wexford Partners III Veritas Capital Fund IV Wexford Partners IV Versa Capital Fund I Wexford Partners IX Versa Capital Fund II Wexford Partners V Vestar Capital Partners I Wexford Partners VI Vestar Capital Partners II Wexford Partners VII Vestar Capital Partners III Wexford Partners VIII Vestar Capital Partners IV Wexford Partners X Vestar Capital Partners V Wexford Partners XI Vestar Capital Partners VI WHEB Ventures Private Equity Vestor Partners Fund II Vicente Capital Partners Wheelock Street Real Estate Fund Victoria South American Partners I Whippoorwill Vega Partners III Vietnam Azalea Fund White Deer Energy I Vietnam Equity Fund Whitehall Street III & IV Vinci Capital Partners II Whitehall Street V-S & VI-S Virgin Green Fund Whitman Heffernan & Rhein Fund II Vision Capital Partners VI Whitney I Vision Capital Partners VII Whitney Subordinated Debt Fund Vision Knight Capital (China) Fund I Whitney VI Vision Ofﬁ ces Wicks Capital Partners IV Vista Equity Fund II William Blair Mezzanine Capital Fund Vista Equity Fund III William Blair Mezzanine Capital Vista Equity Partners Fund IV Fund II Vista Foundation Fund I William Blair Mezzanine Capital Vista Group III Fund III Vitruvian Investment Partnership I William E Simon & Sons II Volga River Growth Willis Bond Capital Partners Volga River One Capital Partners Willis Stein & Partners Vornado Capital Partners Wilshire Private Markets Fund V VPC Fund II Europe VS&A Communications Partners Wilshire Private Markets Fund V US W Capital Partners Wilshire Private Markets Fund VI W Capital Partners II Europe W Capital Partners III Wilshire Private Markets Fund VI US Walden Venture Capital VI Wilshire Private Markets Fund VII Walden Venture Capital VII Asia Walnut Growth Partners Wilshire Private Markets Fund VII Walton Street Mexico Fund I Europe Walton Street Real Estate Fund III Wilshire Private Markets Fund VII US Walton Street Real Estate Fund IV Wilshire Private Markets Fund VIII Walton Street Real Estate Fund V Asia Walton Street Real Estate Fund VI Wilshire Private Markets Fund VIII Walton Street Real Estate Fund VII Europe Warburg Pincus Capital Company Wilshire Private Markets Fund Warburg Pincus Capital Partners VIII US Warburg Pincus Equity Partners Wilshire Private Markets Warburg Pincus International Opportunities Fund II Partners Winch Capital Warburg Pincus Investors WINCH Capital II Warburg Pincus Private Equity IX Wind Point Partners II Warburg Pincus Private Equity X Wind Point Partners III Warburg Pincus Private Equity XI Wind Point Partners IV Warburg Pincus Real Estate I Wind Point Partners V Warburg Pincus Ventures Wind Point Partners VI Warburg Pincus Ventures Wind Point Partners VII International Windjammer Mezzanine & Equity Washington & Congress Capital Fund II Partners Windjammer Senior Equity Fund III Waterland Private Equity Fund I Windsor Realty Fund-VII Waterland Private Equity Fund II Windward Capital Partners II Waterland Private Equity Fund III Wingate Partners Waterland Private Equity Fund IV Wingate Partners II Waterland Private Equity Fund V WLR Recovery Fund II Waterton Residential Property WLR Recovery Fund III Fund XI WLR Recovery Fund IV Wayzata Investment Partners III WLR Recovery Fund V WC Quebec Co-Invest Woodbourne Canada Partners Weathergage Venture Capital Workers Realty Trust II Weathergage Venture Capital II Workers Retail Trust Weinberg Real Estate Partners #1 Worldview Technology Partners I