Page 23 - Venture Partner Program [SAL10001]
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             Performance To Date •




             Strong performance from first investment cohorts







                                                                                                                                   Praetura1
              £7.4m  £46.8m                                                                                                     Performance vs
                                                                                                                                  Peer Average
                                                                                                                                   2.4x



                     2.6x



                                 £9.6m  £36.7m



                                        1.5x                                                                           Average 2.6x





                     3.7x                                                    3.7x
                                                                                                                                      3.1x

                                       2.3x                                                     2.1x               2.2x
                                                          1.7x




                   Praetura 1        Praetura 2           Draper             MMC              Parkwalk            MGF1               MGF2
                  2011-2014          2014-2016
                                                              Distributed  Asset Value  Return  Average
   18   19   20   21   22   23   24   25   26   27   28