| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INVESTMENT IN THE CATFISH FUND, LP | 7,431,949 | 8,381,138 | 8,381,138 |
| INVESTMENT IN AG ELEVEN PARTNERS, LP | 8,179,571 | 6,739,729 | 6,739,729 |
| MAKENA CAPITAL SPLITTER X, LP | 7,391,820 | 7,433,637 | 7,433,637 |
| MAKENA CAPITAL BLOCKER Y, LP | 909,000 | 909,000 | 1,616,657 |
| DISTRIBUTION RECEIVABLE | 0 | 1,917,619 | 1,917,619 |