Publically Announced Secondary Deals of 2013

The following is a summary of all publically announced secondary deals of 2013. Please note that not all deals were executed in their entirety or at all and many may not close before year end.

Secondary deal headlines can be found at www.secondarylink.com/news/deals

Date Deal Seller Buyer Stated Size Highlights - Excerpts News Article

09-Jan-13 Groupama sells Groupama ACG 1.6 Billion Process run by UBS, in addition to PEI Media selling Acto Capital's fund Arm commitments & management team

11-Jan-13 3i Group 3i Group Not stated Not stated London-listed 3i Group has started Dow Jones Portfolio Sale the sale process of at least four companies, including Canadian company Mold-Masters

15-Jan-13 Kensington Kensington Not stated Not stated Kensington lost confidence in the PEI Media Bain X Sale Capital mega fund segment Partners

16-Jan-13 Credit Not stated 500 Million Credit Suisse Group AG is selling its Bloomberg GIP Sale Suisse $500 million investment in the first fund raised by Global Infrastructure Partners

29-Jan-13 HM Capital HM Capital Canadian 600 Million CPPIB has agreed to purchase Dow Jones Directs Spinout Pension Plan stakes in three food and beverage Investment companies backed by HM Capital Board 2006 Sector Performance Fund.

06-Feb-13 Asia Growth Credit HarbourVest Not stated Funds of funds HarbourVest PEI Media Capital Suisse Partners & Partners and Axiom Asia are the Advisors Axiom Asia main investors in the Credit Suisse spinout Asia Advisors

26-Feb-13 JPEL Non-Core JP Morgan Not stated ~33 Million The secondary sale was completed RNS Asset Sale Private with three third-party buyers at an Equity aggregate discount of 15% to Limited prevailing NAV

18-Mar- HM Capital HM Capital Tailwater Not stated Jason Downie and Edward Herring PEI Media 13 Energy Team Capital formed a new firm with the help of Spinout Landmark Partners that will manage and buy the portfolio.

21-May- GP GP Apen Ltd. 247 Million Together with GP Investments, 4-Traders 13 Investments Investments Newbury Partners and Fortress Aquires Apen Investment Group will provide Ltd. approximately USD 247 million from an asset acquisition, new equity and debt to APEN Ltd.

Date Deal Seller Buyer Stated Size Highlights - Excerpts News Article

31-May- SL Capital sells SL Capital Not stated Not stated Sale is part of a ‘portfolio PEI Media 13 Charterhouse rebalancing exercise’ and also commitments driven due its ‘significant exposure to the fund’

18-Jun-13 Swedish Swedish Non-traditional 100 Million Non-traditional buyer steps in to PERE News Pension Buyer buy a limited partner position in SPP Portfolio Fund SPP Nordic Real Estate Partners’ logistics Sale fund from Swedish pension fund SPP 03-Jul-13 Motion Equity Motion Canadian 1.25 Billion Motion Equity Partners is in talks to Pensions &

Partners Equity Pension Plan sell a stake in a €1.25 billion buyout Investments Buyout Fund Partners Investment fund it manages, with the C$172.6 Sale Board billion Canada Pension Plan Investment Board the leading bidder

12-Jul-13 New Jersey New Jersey Northstar, ~1 Billion New Jersey Division of Investment PERE News Billion Real Division of Goldman has unveiled the names of all of the Estate Fund Investment fund stakes in it’s nearly $1 billion Sale real estate secondaries offering.

31-Jul-13 Canada’s PSP PSP Not stated ~1 Billion The portfolio, which includes funds PEI Media shops $1bn from the boom era of 2006 to 2008, portfolio is one of the biggest to go on the block this year.

15-Aug-13 Bridgepoint BT Pension HarbourVest, Not stated The BT Pension Scheme is selling its PEI Media Development Scheme AlpInvest interest in Bridgepoint Development Capital LP Sale Capital as part of a reorganisation of its private equity portfolio.

29-Aug-13 Willis Stein Willis Stein Landmark and Not stated Financed in part by an investor PEI Media Restructuring Vision Capital group that includes Landmark and Vision Capital, is seen as a way of providing options to LPs in a fund that has lived beyond its intended life 30-Aug-12 HSH Nordbank HSH AXA Private 620 Million The portfolio consists of 18 different AXA Private

PE Fund Sale Nordbank Equity limited partnerships focused on Equity leading European mid- and large cap buyout funds, representing € 478 million in original commitments

31-Aug-13 Wisconsin State of Not stated ~1 Billion It wasn’t immediately clear who The Wall Pension PE Wisconsin bought the assets from Wisconsin. Street

Fund Sale Investment According to the StepStone report, Journal Board it was a broker-led process that involved more than one buyer.

16-Sep-13 UNIQA UNIQA Not stated 500 Million Austrian insurance company UNIQA PEI Media Portfolio Sale is selling a portfolio of 54 European and American fund interests as it works to implement a new investment policy.

Date Deal Seller Buyer Stated Size Highlights - Excerpts News Article

25-Sep-13 Calpers sale of Calpers AlpInvest 400 Million The Aurora Resurgence Bloomberg Aurora transaction is intended to Resurgence establish a new fund led by Steven Smith

31-Oct-13 Veronis Suhler Veronis TBD Not stated The firm has put up for sale the Bloomberg Shops Last Suhler remaining investments in a buyout Deals fund it raised more than a decade ago. 06-Nov- Perseus Perseus TBD Not stated Perseus LLC, the Washington, D.C. The Wall 13 Restructuring based private equity firm in the Street

midst of lawsuits following the Journal death of founder Frank Pearl last year, is eying a fund restructuring to try to turn around its underlying assets

06-Nov- TH Lee Putnam TH Lee Jasper Ridge ~1.1 Billion Currently weighing an offer to sell Dow Jones 13 Ventures sale Putnam Partners their interests in a $1.1 billion Ventures private equity fund to investment manager Jasper Ridge Partners 07-Nov- The The TBD ~1.8 Billion Selling in order to raise money to FIN

13 Endowment Endowment begin to pay redemptions and Alternatives Fund Portfolio Fund boost liquidity. Sale

21-Nov- BayTech BayTech Sobera Capital Not stated Berlin-based secondary firm AltAssets 13 Venture Sobera Capital has bought the Acquisition Capital venture capital fund BayTech Venture Capital in a deal backed by Unigestion

21-Nov- GrowthWorks GrowthWorks TBD Not stated GrowthWorks Canadian Fund has PE Hub 13 Canadian Fund Canadian been provided legal authorization Sale Fund Ltd. to begin a sale investor solicitation process. 04-Dec-13 One Equity J.P. Morgan TBD ~4 Billion This would be the largest The Wall Partners Chase & Co divestiture of a bank private Street

Spinout equity unit to date, but the deal Journal comes with its share of complications.

05-Dec-13 DLJ Merchant Credit Suisse Coller Capital ~2.1 Billion DLJ Merchant Banking Partners, a AltAssets Banking private equity group that it Partners Sale originally acquired via the bank's 2000 purchase of Donaldson, Lufkin & Jenrette.

05-Dec-13 Irish Pension Ireland's TBD 1.1 Billion Ireland's National Pensions Dow Jones Seeks Single National Reserve Fund is seeking a single Buyer for 1Bn Pension buyer for slightly more than $1 Reserve Fund billion in global private equity assets as the pension fund shifts its focus toward domestic investments