Selected Secondary TRANSACTIONS $3.78Bn 7 transactions Secondary Infrastructure Secondary North Size: Silica Size: Date: 12/20 $305M Date: 11/20 $282M Puddle Size: Date: 12/20 $137M Huckleberry Size: Date: 11/20 $514M Pinstripe Size: Date: 09/20 $654M Clippers Size: Date: 03/20 $1.4Bn Crown Size: Date: 03/20 $438M “In today’s market there’s a real benefit in being the biggest secondary buyer in the world and having done the largest number of $1Bn-plus deals.” Mark Benedetti, Co-Head of Ardian US and Member of the Executive Committee “We have years of sustainability data on our GPs. Initially we experienced resistance from GPs in the US but now many of them ask us about their scores and how they can improve.” Vladimir Colas, Co-Head of Ardian US and Member of the Executive Committee 2020 ACTIVITY REPORT 55