Resolves per Preqin at fund liquidation. Market close may be extended to accommodate the ultimate fund term. The final % answer will be multiplied by 100 for purposes of this market.

Berkshire X is a 2020 vintage, closed-end buyout fund that invests in a wide range of industries, including business support services, consumer products, and retail across North America and Europe.

As of market creation, Preqin lists the Net IRRs of previous Berkshire flagship funds as follows:

• Berkshire IX = 19.6%

• Berkshire VIII = 17.4%

• Berkshire VII = 17.4%

• Berkshire VI = 25.1%

• Berkshire V = 23.0%

• Berkshire IV = 33.4%

• Berkshire III = 55.1%

• Berkshire II = 19.1%

• Berkshire I = 34.4%