1 Inception to date (“ITD”) returns are annualized consistent with the IPA Practice Guideline 2018.

2 Reflects the current month’s distribution annualized and divided by the prior month’s Monthly Share Value (MSV). MSV based calculations involve significant professional judgement. The calculated value of our assets and liabilities may differ from our actual realizable value or future value which would affect the MSV as well as any returns derives from MSV, and ultimately the value of your investment. As return information is calculated based on MSV, return information presented will be impacted should the assumptions on which MSV was determined prove to be different.

3 The above share class information represents the MSV for subscriptions accepted as of May 3, 2021. The monthly share value is rounded to three decimal points.

4 Returns shown reflect the percentage change in the MSV per share from the beginning of the applicable period, plus the amount of any distribution per share declared in the period. All returns shown assume the reinvestment of distributions, are derived from unaudited financial information and are net of all expenses. The returns have been prepared using unaudited data and valuations of underlying investments in GREC’s portfolio, which are estimates of fair value and form the basis for GREC’s MSV. Valuations based on unaudited reports from the underlying investments may be subject to later adjustments, may not correspond to realized value, and may not accurately reflect the price at which assets could be liquidated.