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…100 500 corbowerCeptaissamafri wt wrraion/ man a CO . masb•rodepty Settrdanos 400 60 Sec 300 • 40 200 20 100 0' 0 Dry110.5e Mewl Nei Voiume Ikryoui Seccnesne• Glendower believes the increase in absolute dry powder in the secondary market over the last few years has led some buyers - in an attempt to keep pace with capital deployment desires - to modify their investment discipline. Glendower emphasizes rigorous asset selection and has historically maintained a very disciplined approach in its opportunity…