document_description: The document outlines the key ILPA 2 principles for SOF IV, focusing on alignment of interest, governance, and transparency. It includes best practices such as the all-contribution-plus-preferred-return-back-first model, LP favorable clawback provision, and comprehensive financial reporting.

title: SOF IV - ILPA 2 Scorecard

document_subtype: ILPA Scorecard

key_organizations: Institutional Limited Partner Association


source: doj

document_description: The document is a financial report from Glendower Capital, covering topics such as investment strategy, secondary market updates, and key terms for the Secondary Opportunities Fund IV.

title: EverWatch Financial Report

document_type: financial

document_subtype: financial report


document_description: The document provides biographies of key team members at Glendower Capital, including Carlo Pir210-Biroli, Charles Smith, Adam Graev, and Chi Cheung. It details their roles, previous experience, and educational background.

key_people:
Carlo Pir210-Biroli
Charles Smith
Adam Graev
Chi Cheung

document_type: correspondence

key_locations:
London
New York
Rome
Cambridge

document_subtype: team bios

key_organizations:
Glendower Capital
Deutsche Bank
General Electric
The Boston Consulting Group
Pomona Capital
Lehman Brothers
Chatterjee Group
Soros Fund Management
Cowen & Co


document_description: Team bios for EverWatch Financial, detailing the professional backgrounds and responsibilities of Deirdre Davies, Joshua Glaser, Emilio Olmos, and Francesco Rigamonti.

key_people:
Deirdre Davies
Joshua Glaser
Emilio Olmos
Francesco Rigamonti

key_locations:
London
New York
Abu Dhabi
Milan
South Africa
Italy

key_organizations:
Deutsche Bank
ABN Amro
KPMG
Paul Capital
Forum Capital
CIBC Oppenheimer
ADIA
UBS
Credit Suisse
Lafarge
Gallo & Co.
Glendower Capital


document_description: The document provides biographies of key team members at EverWatch Financial, detailing their professional backgrounds and educational qualifications. It includes information about Rikesh Mohandoss, Devrup Banerjee, Aldrich Chan, and Philippe Ferneini, highlighting their roles, previous work experience, and educational achievements.

title: EverWatch Financial Team Bios

key_people:
Rikesh Mohandoss
Devrup Banerjee
Aldrich Chan
Philippe Ferneini

key_locations:
New York
London

key_organizations:
Deutsche Bank
Bank of America
Freddie Mac
Goldman Sachs
UBS
Credit Suisse
Booz & Company
Glendower Capital


document_description: This document provides biographical information on key team members of EverWatch Financial, including their educational background and professional experience. The team members listed are Victoria Loidl, Elena Smirnova, Jonathan Roome, and Douglas O'Connell, all of whom have experience in financial institutions such as Deutsche Bank and HSBC, and hold degrees in economics, finance, and business administration.

title: EverWatch Financial Team Bios

key_people:
Victoria Loidl
Elena Smirnova
Jonathan Roome
Douglas O'Connell

key_locations:
London
New York

key_organizations:
Deutsche Bank
HSBC
Glendower Capital
Carlyle Metropolitan RE
Metropolitan Real Estate
The Carlyle Group
London School of Economics
European Business School
Carnegie Mellon University


document_description: This document provides biographical information on key team members of EverWatch Financial, including their educational background and previous work experience.

title: GLDUS132 EverWatch Financial Team Bios

key_people:
Rafael Enriquez-Hesles
Sheldon Lee
Katherine Weaver
Louise Schoeman

key_locations: Ecole Nationale Supérieure des Mines de Nancy

key_organizations:
Stifel
Citibank
Deutsche Bank
Brookfield Properties
Deloitte & Touche
London Air Ambulance
Grant Thornton
Glendower Capital


document_description: This document provides key information about the SOF III fund, including its first and final closing date, fund size, and investor base details. It includes tables showing the distribution of investors by region, type, and size of individual commitments.

title: SOF III — Investor base

document_type: tabular

key_organizations:
EverWatch Financial
Deutsche Bank
Glendower Capital


document_description: This document provides a detailed financial summary of various investment projects under SOF III as of September 30, 2017. It includes information on project names, sourcing, seller types, deal types, funds, invested and funded capital, initial closing dates, gross multiples, and portfolio details.

title: Overall transaction summary as of September 30, 2017

document_subtype: financial summary


document_description: The document provides a breakdown of the gross invested capital for SOF II as of September 30, 2017. It includes details on fund size, capital called, distributions, remaining NAV, and total net return. The asset geography, investment strategy by time period and category, and sector composition are also detailed.

title: SOF II — Portfolio construction

key_organizations:
EverWatch Financial
Glendower Capital


document_description: This document provides a financial summary of various investment projects managed by EverWatch Financial as of September 30, 2017. It includes details such as project names, sourcing, seller types, deal types, funds, companies involved, invested and funded capital, initial closing dates, gross multiples, and portfolio details.


document_description: This document provides an overview of the remaining portfolio construction by FMV1 as of September 30, 2017, including fund size, invested capital, capital called, distributions, remaining NAV, and total net return. It also details asset geography, investment strategy, vintage year distribution, and sector composition.

title: GLDUS132 EverWatch Financial Overview

key_locations:
Europe
North America

document_subtype: financial overview


document_description: This document provides a detailed financial summary of various investment projects managed by Glendower Capital as of September 30, 2017. It includes information on project names, sourcing, seller types, deal types, funds, companies, invested and funded capital, initial closing dates, gross multiples, and portfolio details. The document also includes notes on the performance figures and specific transactions like the Hoover transactions.


document_description: This confidential presentation by Glendower Capital provides summary information about existing and future funds managed by Glendower, including the Glendower Capital Secondary Opportunities Fund IV, LP. It is not an offer to sell or a solicitation to buy any security. The presentation outlines the risks, illiquidity, and potential conflicts of interest associated with the fund. It emphasizes the importance of consulting offering documents for detailed information and risk factors. Credit Suisse acts as the fund's placement agent but not as a municipal advisor. The information is confidential and not independently verified.

document_subtype: investment presentation

key_organizations:
Glendower Capital LLP
Credit Suisse Asset Management Limited


document_description: This document is a financial presentation by Glendower Capital, providing information about a fund's past performance, investment strategies, and associated risks. It emphasizes that past performance is not indicative of future results and outlines the potential risks and uncertainties involved in investing in the fund. The presentation includes disclaimers about the reliability of forward-looking statements and the responsibility of Glendower and its affiliates. It also notes that the presentation does not constitute legal or investment advice and that participation in the fund may be restricted by law in certain jurisdictions.

key_organizations:
Glendower Capital
Credit Suisse


document_description: This document provides key definitions related to financial terms and structures used by EverWatch Financial, including Single Asset Deal, Fund Secondary, GP-led Secondary, and various SOF funds. It also defines financial indices such as the Russell 2000 Index, MSCI World Index, and Thomson Reuters Private Equity Buyout Index.

document_subtype: financial definitions

key_organizations:
EverWatch Financial
Glendower Capital
FTSE Russell
London Stock Exchange Group
Thomson Reuters


document_description: The document provides important information on the track record and investment performance of the Glendower SOF Team, which spun off from Deutsche Bank in 2017 to form Glendower Capital LLP. It includes details on investment returns, valuation methodologies, and target returns. The document emphasizes that past performance is not indicative of future results and outlines the factors affecting investment returns.

title: Notes to Investment Performance

key_people:
Carlo Pirzio-Biroli
Charles Smith
Chi Cheung
Francesco Rigamonti
Adam Graev

document_subtype: Investment Performance Notes

key_organizations: Deutsche Alternative Asset Management (Global) Limited


document_description: This document provides important information for recipients in certain jurisdictions regarding the distribution and offering of interests in a fund managed by EverWatch Financial. It includes specific notices for residents of the European Economic Area, Australia, Bahrain, and Brazil, detailing the legal and regulatory requirements for offering and distributing the fund's interests in these regions.

key_locations:
European Economic Area
Australia
Bahrain
Brazil

key_organizations:
EverWatch Financial
Credit Suisse Group
Credit Suisse AG
Glendower Capital


document_description: This document is a presentation by EverWatch Financial, providing important information for recipients in various jurisdictions including Brunei, Canada, Cayman Islands, Chile, China, Colombia, France, Guernsey, and Haiti. It outlines the legal and regulatory considerations for offering securities in these regions, emphasizing that the presentation is for informational purposes only and does not constitute a public offer.

key_locations:
Brunei
Canada
Cayman Islands
Chile
China
Colombia
France
Guernsey
Haiti

document_subtype: presentation

key_organizations:
EverWatch Financial
Autoriti Monetari Brunei Darussalam
Registrar of Companies
Superintendencia de Valores y Seguros
Guernsey Financial Services Commission
States of Guernsey Policy Council
Glendower Capital


document_description: This document is a financial presentation by Glendower Capital, providing important information for recipients in Hong Kong and Israel regarding investment offerings. It outlines the legal restrictions and requirements for offering securities in these jurisdictions, emphasizing that the presentation is not approved by local securities authorities and is intended for 'professional' or 'sophisticated' investors only. The document also advises recipients to seek competent investment counseling and confirms that the presentation does not constitute an offer to sell or solicit securities unlawfully.

key_locations:
Hong Kong
Israel

document_subtype: financial presentation

key_organizations: Securities and Futures Commission of Hong Kong


document_description: The document provides important information for recipients in certain jurisdictions regarding the offering and sale of financial interests and investments. It outlines specific legal and regulatory requirements for Japan, Malaysia, Mexico, Monaco, New Zealand, and the Sultanate of Oman, emphasizing compliance with local laws and regulations.

key_locations:
Japan
Malaysia
Mexico
Monaco
New Zealand
Sultanate of Oman

document_subtype: financial disclosure

key_organizations: Credit Suisse Securities (Japan) Limited

key_organizations: Type II Financial Instruments Firms Association

key_organizations: National Banking and Securities Commission

key_organizations: Commission de Contrôle des Activités Financières

reference_numbers: Director-General of Kanto Local Finance Bureau (Kinsho) No 66


document_description: This document provides important information for recipients in various jurisdictions regarding the offering of interests in a fund by EverWatch Financial. It outlines specific conditions and disclaimers for recipients in Qatar, Saudi Arabia, Singapore, South Korea, and Switzerland, emphasizing the non-public nature of the offering and the need for independent investigation of risks. It also details the roles of representatives and paying agents in Switzerland.

key_locations:
Qatar
Saudi Arabia
Singapore
South Korea
Switzerland
Geneva

key_organizations:
EverWatch Financial
Qatar Central Bank
Capital Market Authority
Monetary Authority of Singapore
Financial Services Commission
Credit Suisse
Banque Cantonale de Geneve
Glendower Capital


document_description: This document provides important information for recipients in St. Kitts and Nevis, UAE/Abu Dhabi/Dubai, and the United States regarding the offering of interests in a fund by Glendower Capital. It outlines the regulatory status and restrictions on the offering in these jurisdictions, emphasizing that the fund is not registered with any regulatory authority and highlighting the risks involved in investing.

title: Important Information for Recipients in Certain Jurisdictions

key_locations:
St. Kitts and Nevis
United Arab Emirates
United States

key_organizations: Financial Services Regulatory Commission


document_description: This document is a supplemental disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas, acting as a solicitation agent for a fund. It outlines the nature of the securities described, the risks involved, and the lack of guarantees or insurance by Deutsche Bank or any governmental agency. It also clarifies that Deutsche Bank does not provide accounting, tax, or legal advice and authorizes the disclosure of the structure and tax aspects of the potential transaction.

title: Supplemental Disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas

document_subtype: Supplemental Disclosure

key_organizations:
Deutsche Bank Securities Inc.
Deutsche Bank Trust Company Americas
Deutsche Bank


document_description: A letter from Deutsche Bank requesting consent to share client information with iCapital Parties for fund investment purposes. It outlines the information required from natural persons and corporate structures or trusts.

title: Letter of Authorization for Fund Investment

document_subtype: Letter of Authorization

key_organizations:
Deutsche Bank
iCapital Advisors, LLC
iCapital Parties


document_description: Authorization form for Deutsche Bank to provide information to iCapital Parties and transfer funds for investment in Glendower Access Secondary Opportunities IV (U.S.), L.P.

document_subtype: Authorization Form


document_description: A financial document related to EverWatch Financial with placeholders for placement fee, initial capital contribution amount, and Deutsche Bank account number. The document is marked confidential and is subject to Federal Rule of Criminal Procedure 6(e).

document_subtype: bank document

key_organizations:
EverWatch Financial
Deutsche Bank


document_description: This document is a supplement to the Confidential Private Placement Memorandum dated January 2018, related to the offering of limited partnership interests in Glendower Access Secondary Opportunities IV (US), L.P. It is intended for investors referred by Deutsche Bank Securities Inc.

title: Supplement to the Confidential Private Placement Memorandum

document_date: April 2018

document_subtype: Private Placement Memorandum Supplement

key_organizations: Glendower Access Secondary Opportunities IV (U.S.), L.P.

key_organizations: Glendower Capital Secondary Opportunities Fund IV, LP


document_description: This document is a supplement to the Confidential Private Placement Memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P., intended to update information regarding Deutsche Bank Securities Inc.'s role as Placement Agent and related compensation. It outlines the investment strategy and confidentiality requirements for investors.


document_description: The document amends the 'Summary of Principal Terms of the Access Fund' by detailing the Servicing Fee arrangement with Deutsche Bank Securities Inc. as a Placement Agent. It outlines the fee structure based on the subscription amount of DB Introduced Persons to the Access Fund, with different rates during and after the investment period of the Underlying Fund.

title: Chances to Summary of Principal Terms of the Access Fund

document_subtype: Memorandum Amendment

key_organizations:
Deutsche Bank Securities Inc.
Access Fund


document_description: This document outlines the placement fees associated with investments introduced by Deutsche Bank to the Access Fund and the Underlying Fund. It details the fee structure for DB Introduced Persons and direct investors, including specific rates based on investment levels. It also mentions potential conflicts of interest and risk factors for DB Introduced Persons.

title: DB Placement Fee and Direct Investor Placement Fees

document_subtype: Fee Schedule

key_organizations:
Deutsche Bank
Access Fund
Glendower GP
Glendower Capital, LLC


document_description: Deutsche Bank will serve as a Placement Agent for Access Funds, charging a DB Placement Fee to DB Introduced Persons for each Subscription. The fee structure varies based on the Subscription amount and may be waived or reduced. Deutsche Bank will also receive a Servicing Fee for certain services provided to DB Introduced Persons. Additionally, Deutsche Bank will receive a placement fee from Glendower GP or an affiliate. The document discusses potential conflicts of interest due to these fees.

key_people:
Deutsche Bank
Glendower GP

document_subtype: financial agreement

key_organizations:
Deutsche Bank
Access Funds
Glendower GP


document_description: The document details amendments to the Memorandum under 'Certain Regulatory Matters', highlighting settlements by DBSI with regulatory bodies in 2004 and 2009 related to research analyst independence and auction rate securities.

title: Changes to Certain Regulatory Matters

document_subtype: regulatory settlement

key_organizations: National Association of Securities Dealers


document_description: This document is a blank Form W-9 used to request a taxpayer's identification number and certification. It includes sections for the taxpayer's name, business name, tax classification, exemptions, address, and taxpayer identification number (TIN). The form also includes a certification section where the taxpayer certifies the accuracy of the TIN and their exemption from backup withholding and FATCA reporting.

title: Request for Taxpayer Identification Number and Certification

document_date: November 2017

document_subtype: Form W-9


document_description: Instructions for completing Form W-9, including certification of TIN, backup withholding, FATCA reporting, and penalties for non-compliance. Provides definitions for U.S. persons and special rules for partnerships.

title: Form W-9 Instructions

document_subtype: tax form instructions


document_description: Instructions for completing Form W-9, including information on exempt payees, FATCA exemption codes, and how to obtain a Taxpayer Identification Number (TIN).

title: Form W-9 Instructions

key_organizations: IRS SSA

reference_numbers:
Form W-9
Form 1099-MISC
Form SS-5
Form W-7
Form SS-4


document_description: Instructions for completing Form W-9, including details on providing TINs for various account types and guidance on identity theft protection.

title: Form W-9 Instructions

document_subtype: tax form

key_organizations:
IRS
Taxpayer Advocate Service


document_description: This document provides instructions related to the IRS W-9 form, including privacy notices and guidance on identity theft prevention. It emphasizes that the IRS does not initiate contact via email and provides steps to report phishing attempts. It also outlines the legal requirements for providing a Taxpayer Identification Number (TIN) and the consequences of failing to do so.

title: IRS W-9 Form Instructions

document_subtype: W-9 Form

key_organizations: Treasury Inspector General for Tax Administration


document_description: This document is a Form ADV Part 2A for iCapital Advisors, LLC, providing information about the firm's qualifications and business practices. It includes details about the firm's registration with the SEC and clarifies that such registration does not imply endorsement or guarantee of expertise.

title: iCapital Advisors, LLC Form ADV Part 2A

document_type: other

key_locations: 60 East 42nd Street, 26th Floor, New York, NY 10165, USA

document_subtype: Form ADV Part 2A

key_organizations: United States Securities and Exchange Commission


document_description: This document is an amendment to iCapital's brochure for 2018, updating the previous version from March 31, 2017. It includes routine updates, changes to investor servicing fees, diligence scope on certain funds, and business relationships with Fidelity Brokerage Services LLC. It also notes the acquisition of a private equity access fund platform from Deutsche Bank by iCapital's parent company.

title: iCapital Advisors, LLC Form ADV Part 2A

key_organizations:
iCapital Advisors, LLC
Institutional Capital Network, Inc.
Fidelity Brokerage Services LLC
Deutsche Bank
iCapital Securities, LLC


document_description: This document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing their investment advisory services. It lists various Private Access Funds and Direct Investment Funds managed by iCapital, which provide investment advisory services to these funds. The document outlines the structure and purpose of these funds, which are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933. It also describes the role of iCapital in selecting underlying private equity or hedge fund managers for investment.

title: iCapital Advisors, LLC - Form ADV Part 2A

key_organizations: Private Equity Global Select Master Fund

key_organizations: Opportunistic Real Estate and Infrastructure Select Fund

key_organizations: iCapital-OrbiMed Royalty Opportunities II Access Fund

key_organizations: iCapital-Apollo Structured Credit Recovery Access Fund

key_organizations: iCapital-Warburg Pincus Private Equity XII Access Fund

key_organizations: Royalty Investment Fund Limited Partnership


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing investment strategies, management fees, and assets under management as of December 31, 2017. It includes information about various funds managed by iCapital, their investment minimums, and management fees. The document also mentions the ownership structure of Institutional Capital Network, Inc., the parent company of iCapital, and lists Michael Stanton as the Chief Compliance Officer.

title: iCapital Advisors, LLC Form ADV Part 2A

key_organizations:
iCapital Advisors, LLC
Institutional Capital Network, Inc.


document_description: The document outlines the management and investor servicing fees associated with iCapital Advisors, LLC. It details the conditions under which management fees may be waived or reduced, the investor servicing fee structure, and payments to underlying managers. It also describes the engagement of service providers like Dynasty Securities, LLC, and the organizational expenses each fund will bear.

title: iCapital Advisors, LLC Form ADV Part 2A

key_organizations:
iCapital Advisors, LLC
Dynasty Securities, LLC


document_description: This document outlines the expenses related to the formation and operation of the Private Access Fund and Direct Investment Funds managed by iCapital Advisors, LLC. It details various costs including management fees, organizational expenses, taxes, and other operational costs. The document also mentions the expenses related to litigation, insurance, and consulting services.


document_description: The document outlines the expenses, performance-based fees, types of clients, and side agreements related to iCapital Advisors, LLC. It details the types of expenses borne by Direct Investment Funds, the performance-based fees charged by iCapital, and the types of clients eligible to invest in the Funds. It also discusses the possibility of side agreements with investors providing different rights.

title: iCapital Advisors, LLC Form ADV Part 2A

document_type: legal


document_description: The document outlines iCapital Advisors, LLC's investment strategies, methods of analysis, and risk management for their Private Access Funds and Direct Investment Funds. It details the due diligence process for selecting fund managers and sub-advisers, emphasizing a bottom-up diligence approach. The process includes quantitative and qualitative assessments, market mapping, benchmarking, and comprehensive evaluations of fund managers' track records and strategies.


document_description: The document outlines the due diligence process of iCapital Advisors, LLC for evaluating investment opportunities, particularly in hedge funds. It describes a multi-stage process involving market opportunity assessment, manager evaluation, and comprehensive reviews by both iCapital and Castle Hall Alternatives Inc. The final decision for marketing an investment opportunity requires unanimous approval from iCapital's Investment Committee.

title: iCapital Advisors, LLC Form ADV Part 2A

document_subtype: investment advisory document

key_organizations:
iCapital Advisors, LLC
Castle Hall Alternatives Inc.


document_description: The document outlines the investment selection process and associated risks for iCapital Advisors, LLC. It highlights the limitations in operational due diligence and the potential risks of conflicts of interest, fraudulent behavior, and operational weaknesses in the Underlying Funds. The document emphasizes the risk of loss in securities investments and advises prospective investors to consult professional advisers and review legal documents before investing. It is intended for experienced and sophisticated investors willing to bear high economic risks.

title: iCapital Advisors, LLC Form ADV Part 2A


document_description: The document outlines the risks and conflicts of interest associated with investing in Private Access Funds through iCapital Advisors, LLC. It highlights potential lack of diversification, higher fees, and lack of information regarding valuations. It also discusses the structure and risks of Private Access Funds, including their dependence on Underlying Funds, potential for total investment loss, and additional expenses. The document emphasizes that iCapital is not the manager of the Underlying Fund and mentions indemnification clauses.

title: iCapital Advisors, LLC Form ADV Part 2A


document_description: The document outlines the terms and conditions related to capital contributions by investors to Private Access Funds managed by iCapital Advisors, LLC. It details the obligations of investors, potential penalties for non-compliance, and the lack of direct rights or recourse against the Underlying Fund. It also discusses the non-advisory role of iCapital and the potential for changes in the terms of the Underlying Fund.

title: iCapital Advisors, LLC Form ADV Part 2A


document_description: The document outlines the financial and tax implications for investors in Private Access Funds managed by iCapital Advisors, LLC. It discusses the potential tax liabilities, illiquidity of investments, economic and market risks, and consequences of default for investors. It also highlights the requirement for investors to obtain extensions for filing tax returns and the potential for tax-exempt investors to recognize UBTI.


document_description: The document discusses various risks associated with investments in securities, including general economic and market conditions, issuer risk, equity securities risks, and investments in non-U.S. issuers. It highlights factors such as market volatility, liquidity issues, and specific risks related to foreign investments.

title: Form ADV Part 2A


document_description: The document discusses the investment strategies and associated risks of iCapital Advisors, LLC, particularly focusing on investments in American Depositary Receipts (ADRs), European Depositary Receipts (EDRs), Global Depositary Receipts (GDRs), and securities in emerging markets. It highlights the risks of investing in non-U.S. securities, including political, economic, and foreign exchange risks, as well as the volatility and liquidity issues in emerging markets. The document also addresses the impact of foreign currency fluctuations on the value of investments.


document_description: The document discusses various financial risks associated with investments, including currency exchange rate fluctuations, credit risk, concentration risk, and settlement risk. It highlights how these factors can affect the value and performance of investment portfolios.


document_description: The document discusses various risks associated with investing in small or medium-sized companies, liquidity of investments, convertible securities, and participation certificates. It highlights the potential for greater risk and price volatility in smaller companies, the challenges of illiquid investments, and the specific risks related to convertible securities and participation certificates.


document_description: The document outlines the financial risks and strategies associated with a Fund managed by iCapital Advisors, LLC. It discusses cash position risk, leverage, and derivatives risk, highlighting the potential impacts on the Fund's value and investment returns.


document_description: The document discusses various financial risks associated with investment funds managed by iCapital Advisors, LLC. It covers the risks of derivatives, warrants, stock purchase rights, and debt securities, including high yield 'junk bonds'. The document highlights the speculative nature and potential volatility of these investments, as well as the risks of illiquidity and default.

title: iCapital Advisors, LLC Form ADV Part 2A


document_description: The document discusses various financial risks associated with investments, including default risk, interest rate risk, and risks related to swaps. It highlights the potential for increased price volatility and liquidity issues with lower-rated bonds, the impact of interest rate changes on debt instruments, and the complexities of swap agreements.


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing investment strategies, risks, and affiliations. It discusses the risks associated with investing in Real Estate Investment Trusts (REITs) and cybersecurity risks for private equity funds. It also provides information on iCapital's affiliations, including iCapital Securities, LLC, a registered broker-dealer, and Gen II Fund Services, LLC, a fund administrator. The document states that there have been no material legal or disciplinary events affecting iCapital's advisory business.

title: iCapital Advisors, LLC Form ADV Part 2A

key_organizations:
iCapital Advisors, LLC
iCapital Securities, LLC
Institutional Capital Network, Inc.
Gen II Fund Services, LLC
Gen II Hedge Fund Services


document_description: The document outlines the relationships and potential conflicts of interest involving iCapital Advisors, LLC, its investors, and associated financial services companies. It discusses the ownership interests of BNY Capital Corporation, BlackRock, Credit Suisse, Morgan Stanley, and UBS in iCapital's parent company, Institutional Capital Network, Inc. The document also details iCapital's Code of Ethics, which aims to prevent conflicts of interest and insider trading among its employees.

title: iCapital Advisors, LLC Form ADV Part 2A

key_organizations:
iCapital Advisors, LLC
BNY Capital Corporation
Institutional Capital Network, Inc.
BlackRock, Inc.
Credit Suisse Group AG
Morgan Stanley Smith Barney
UBS Financial Services


document_description: The document outlines the Code of Ethics and conflict of interest policies for iCapital Advisors, LLC. It specifies that employees must obtain written authorization from the CCO for personal investments and outlines the firm's participation in client transactions. It also discusses potential conflicts of interest, particularly regarding compensation from underlying fund managers.

key_organizations:
iCapital Advisors, LLC
iCapital Securities, LLC


document_description: The document outlines potential conflicts of interest, fee structures, valuation processes, educational programs, and privacy policies related to iCapital Advisors, LLC. It discusses the involvement of management persons in soliciting investment advisers, the fee structure for brokerage limited partners, the valuation of fund assets, and the provision of educational programs for financial advisers. It also details iCapital's commitment to maintaining the confidentiality and security of investors' personal information.

title: iCapital Advisors, LLC Form ADV Part 2A


document_description: This document outlines the brokerage practices, review of accounts, and client referrals and compensation policies of iCapital Advisors, LLC. It details the firm's approach to brokerage practices, including the selection of brokers and the use of 'soft dollar' credits. It also describes the review process for fund performance and the distribution of financial statements to investors. Additionally, it covers the role of iCapital Securities, LLC in private placements and the compensation structure for third-party broker-dealers.


document_description: The document outlines iCapital Advisors, LLC's Form ADV Part 2A, detailing the firm's investment management practices, compensation arrangements, custody rules, and investment discretion. It discusses the allocation of management fees to broker-dealers or registered investment advisors, collaboration with Fidelity Brokerage Services LLC, and custody requirements for client funds. It also covers the firm's discretionary authority in investment decisions and the guidelines governing fund management.

title: iCapital Advisors, LLC Form ADV Part 2A

key_organizations:
iCapital Advisors, LLC
iCapital Securities
Fidelity Brokerage Services LLC
National Financial Services LLC
Institutional Capital Network, Inc.


document_description: The document outlines iCapital Advisors, LLC's policies on voting client securities and financial information. It specifies that iCapital does not anticipate owning equity securities with voting rights in Private Access Funds and delegates proxy voting for Direct Investment Funds to a Sub-Adviser. It also mentions the establishment of a Proxy Voting Policy for certain investments and provides financial disclosures, stating that iCapital has no financial commitments impairing its contractual obligations and has not undergone bankruptcy.


document_description: This document is a brochure supplement for iCapital Advisors, LLC, providing information about key personnel including Eileen Duff Blalock, Phil Pool, John Robertshaw, Daniel Vene, and Nicholas Veronis. It includes contact information for the Chief Compliance Officer, Michael Stanton, and mentions the availability of additional information on the SEC's website.

title: FORM ADV PART 2B: Brochure Supplement

key_people:
Eileen Duff Blalock
Phil Pool
John Robertshaw
Daniel Vene
Nicholas Veronis
Michael Stanton

key_locations: 60 East 42nd Street, 26th Floor, New York, NY 10165

document_subtype: brochure supplement


document_description: This document provides the educational background, business experience, and other relevant information about Eileen Duff Blalock, a member of iCapital Advisor's investment committee. It includes details about her role at iCapital Network, her previous positions, and her educational qualifications. The document also states that Ms. Blalock has not been subject to any disciplinary events and outlines her supervision by Mr. Michael Stanton.

title: Form ADV Part 2B for Eileen Duff Blalock

key_people:
Eileen Duff Blalock
Michael Stanton

document_subtype: Form ADV Part 2B

key_organizations:
iCapital Advisors LLC
iCapital Network
Credit Suisse
Donaldson, Lufkin & Jenrette
iCapital Securities LLC


document_description: This document provides the educational background, business experience, and other professional details of Phil Pool, a member of iCapital Advisor's investment committee. It includes his roles, past experiences, and supervisory details.

title: Form ADV Part 2B for Phil Pool

key_people:
Phil Pool
Michael Stanton

key_locations:
London
New York
Chicago

key_organizations: Donaldson, Lufkin & Jenrette Securities Corporation


document_description: This document provides the educational background and business experience of John C. Robertshaw, a Special Advisor to iCapital Network and a member of iCapital Advisor's investment committee. It details his previous roles at Credit Suisse and Salomon Brothers, his educational background, and his current advisory role. The document also states that Mr. Robertshaw has no disciplinary history and outlines his supervision and compensation details.

title: Form ADV Part 2B for John C. Robertshaw

key_people:
John C. Robertshaw
Michael Stanton

key_organizations:
iCapital Advisors LLC
iCapital Network
Credit Suisse Securities (USA) LLC
Donaldson, Lufkin & Jenrette
Salomon Brothers


document_description: This document provides the educational background, business experience, and other professional details of Daniel Vene, a member of iCapital Advisors' investment committee and Co-Founder of iCapital Network. It includes his past roles, educational qualifications, and current responsibilities, as well as information on disciplinary history, other business activities, additional compensation, and supervision.

title: Form ADV Part 2B for Daniel Vene

key_people:
Daniel Vene
Michael Stanton

key_organizations:
iCapital Advisors LLC
iCapital Network
Fir Tree Partners
Eaton Partners
Thomson Financial
PREA
NCREIF


document_description: This document provides the educational background, business experience, and other relevant information about Nicholas Veronis, a member of iCapital Advisor's investment committee and Co-Founder of iCapital Network. It includes details about his previous roles, disciplinary information, other business activities, additional compensation, and supervision.

title: Form ADV Part 2B for Nicholas Veronis

key_people:
Nicholas Veronis
Michael Stanton

key_organizations:
iCapital Advisors LLC
iCapital Network
Veronis Suhler Stevenson
Atlas Advisors
The Boston Business Journal
The Star-Ledger
Newhouse Newspapers


document_description: This document is the amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P., a Delaware Limited Partnership. It outlines the terms and conditions under which the limited partner interests are held, including restrictions on transferability and resale, and the requirement for general partner consent for any transfer of interests.

title: Amended and Restated Limited Partnership Agreement of Glendower Access Secondary Opportunities IV (U.S.), L.P.

document_subtype: Limited Partnership Agreement


document_description: This document is the amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions, organization and powers, details about partners, investments and activities, fees and expenses, and capital of the partnership.

title: Glendower Access Secondary Opportunities IV (U.S.), L.P. Amended and Restated Limited Partnership Agreement


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes articles on default, distributions, capital accounts, duration of the partnership, liquidation of assets, and limitations on transfers and withdrawals.

title: Amended and Restated Limited Partnership Agreement


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes articles on exculpation and indemnification, amendments, voting and consents, and administrative provisions. The document outlines the rights and responsibilities of partners, financial reporting requirements, and tax provisions.


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions on tax reporting consistency, general provisions, power of attorney, execution of additional documents, limited partner information, binding on successors, governing law and remedies for breach, waiver of partition, securities law matters, confidentiality, contract construction, arbitration, side letters, entire agreement, and bad actor disqualification information. Appendices include definitions and regulatory and tax allocations.

document_subtype: Amended and Restated Limited Partnership Agreement


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P., dated April 11, 2018. It involves the continuation of the partnership under the Delaware Revised Uniform Limited Partnership Act, the withdrawal of the Initial Limited Partner, and the admission of additional Limited Partners.

key_organizations: Glendower Access Secondary Opportunities IV GP LLC


document_description: This document outlines the terms of the partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes details about the partnership's name, offices, purpose, powers, and the roles and responsibilities of the partners. The partnership is primarily focused on making, holding, and disposing of investments in an underlying fund. The document also specifies the limited liability of the partners and the conditions under which they are required to contribute capital.

key_people:
General Partner
Limited Partners

key_locations: Corporation Trust Center, 1209 Orange Street, Wilmington, County of New Castle, Delaware

document_subtype: Partnership Agreement


document_description: This document is an excerpt from a Limited Partnership Agreement, detailing the rights and obligations of Limited Partners in the event of death, dissolution, or bankruptcy, as well as the conditions for admitting additional Limited Partners before the final closing date. It outlines the contributions required from new or existing Limited Partners and the limitations on their control over the partnership.

key_organizations: Glendower Access Secondary Opportunities IV (U.S.), L.P.


document_description: This document outlines the terms and conditions for the admission of Additional Limited Partners to the partnership, including their financial contributions, management fees, and interest calculations. It also details the adjustments to be made to the capital accounts and distributions to existing partners upon the admission of new partners.

title: Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P.


document_description: This document is an excerpt from the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions related to the admission of new partners and anti-money laundering compliance. The agreement outlines the responsibilities of Limited Partners to ensure their contributions do not violate U.S. anti-money laundering laws and details the actions the General Partner may take if violations occur.


document_description: The document is an excerpt from the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the rights and responsibilities of the General Partner, including the ability to release confidential information to governmental authorities, amend the agreement to comply with anti-money laundering laws, and manage the partnership's affairs. The General Partner has exclusive control over the partnership's management and can delegate management to an Investment Manager.


document_description: This document outlines the powers and responsibilities of the General Partner in managing the Partnership, including making elections under tax laws, executing agreements, and disclosing nonpublic information. It also clarifies that the General Partner and its affiliates can engage in other business ventures independently of the Partnership.

title: Glendower Accent Secondary Opportunities IV (U.S.) L.P. Amended and Restated Limited Partnership Agreement


document_description: The document outlines the terms under which the General Partner can utilize alternative investment structures for legal, tax, regulatory, accounting, or other reasons. It specifies the conditions under which Limited Partners may be required to invest in Alternative Investment Vehicles and how these investments are to be treated in relation to the Partnership.

title: Glendower Accent Secondary Opportunities IV (U.S.). L.P. Amended and Restated Limited Partnership Agreement


document_description: The document outlines the terms and conditions related to allocations, distributions, and transfers of interests in the Alternative Investment Vehicle and the Partnership. It specifies the responsibilities of Limited Partners, the role of the General Partner, and the treatment of defaulting partners. It also discusses the economic terms and the establishment of Investment Subsidiaries for legal, tax, or regulatory reasons.

title: Glendower Accetcc Secondary Opportunities IV (U.S.). L.P. Amended and Restated Limited Partnership Agreement


document_description: The document outlines the terms and conditions of a partnership agreement, including provisions for partnership expenses, parallel access funds, investment guidelines, borrowings, and ERISA compliance. It details the formation of parallel access funds or feeder funds to comply with securities laws and address tax, legal, and regulatory issues. The document also specifies investment guidelines, borrowing capabilities, and efforts to comply with ERISA regulations.

key_organizations: Glendower Accetec Secondary Opportunities IV (U.S.), L.P.


document_description: This document is an excerpt from the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the responsibilities and obligations of the General Partner and the Partnership regarding fees and expenses. The General Partner may take actions to mitigate adverse consequences related to fiduciary standards under ERISA. The document details the reimbursement of organizational expenses to the General Partner and its affiliates, and specifies the types of expenses the Partnership will assume, including management fees, taxes, accounting, legal, and other operational costs.


document_description: The document outlines the expenses and financial responsibilities of Limited Partners in a partnership, including travel, research, insurance, and other operational costs. It details how expenses are shared among partners and feeder funds, and the reimbursement process for expenses paid by the General Partner or its affiliates.

title: Amended and Ratified Limited Partnership Agreement


document_description: This document outlines the financial responsibilities and management fee structure for Limited Partners in the Glendower Access Secondary Opportunities IV (U.S.), L.P. It specifies how tax-related expenses and management fees are allocated among Limited Partners based on their subscriptions and investment periods.


document_description: This document outlines the terms and conditions of the management fees and capital contributions for partners in the Glendower Access Secondary Opportunities IV (U.S.), L.P. It specifies the calculation and payment schedule of management fees, the obligation of partners to contribute capital, and the conditions under which these contributions are made. The document also details the discretion of the Investment Manager to waive or reduce management fees for any limited partner.


document_description: This document outlines the procedures and conditions under which limited partners are required to make capital contributions to the partnership, including initial drawdowns, additional contributions, deficiency drawdowns, and the authority of the General Partner to manage these processes. It also covers the return of unused contributions and the General Partner's authority to reduce subscriptions.

key_organizations: Glendoner Accent Secondary Opportunities IV (U.S.), L.P.


document_description: This document is an amended and ratified limited partnership agreement for Glendower Accetec Secondary Opportunities IV (U.S.), L.P. It outlines the terms related to capital contributions, the return of contributions upon the admission of an additional partner, and the effects of such returns. It also details the consequences of failing to make required payments, including interest accrual at a specified default rate.


document_description: This document outlines the terms and conditions under which a Limited Partner may be designated as a 'Defaulting Partner' for failing to make required capital contributions or other payments. It details the remedies available to the Partnership, including specific performance, prohibition from future capital calls, and compulsory redemption of the Defaulting Partner's interest.


document_description: The document outlines the rights and remedies available to the Investment Manager and/or General Partner in the event of a partner defaulting on their obligations in the partnership. It includes measures such as compulsory transfer of interest, exclusion from income sharing, reduction of unpaid subscriptions, forced sale of interest, acceptance of late contributions with interest, immediate payment of unpaid subscriptions, application of distributions against amounts due, abandonment of interest, withholding of distributions, and legal enforcement of rights and remedies.


document_description: This document outlines the provisions related to defaulting partners in the Glendower Access Secondary Opportunities IV (U.S.), L.P. It details the rights and remedies available to the General Partner in the event of a partner's default, including the reallocation of interests, termination of partnership interest, and allocation of income, profit, or gain. It also specifies the cumulative nature of remedies and the obligation of defaulting partners to cover costs incurred due to their default.


document_description: This document outlines the terms and conditions related to capital contributions and defaults within the partnership. It specifies the procedures and consequences if the Partnership or any Limited Partner fails to meet capital call obligations, including the treatment of defaulting partners and the assignment of partner contributions as security for indebtedness.


document_description: This document outlines the terms of the partnership agreement, including security interests, distributions, and discretionary distributions among partners. It specifies the rights and obligations of limited partners, including the assignment of interests as security and the conditions under which distributions are made.


document_description: This document outlines the operational rules and distribution policies for a partnership, including handling of defaulting partners, special distributions, and tax liabilities.


document_description: The document outlines the tax liability responsibilities and indemnification obligations of partners in the partnership. It specifies how tax liabilities are determined and allocated among partners, and the conditions under which distributions are prohibited. It also details the creation and maintenance of capital accounts for each partner.


document_description: This document is an excerpt from the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the allocation of net gain, net loss, and other financial items among partners, in compliance with Treasury Regulations. The document specifies how capital accounts are adjusted and how distributions are made upon the hypothetical dissolution of the partnership.


document_description: This document outlines the special allocations of items of loss or deduction, allocations following a default, other specially allocated items, and the admission of additional partners for the partnership. It specifies how losses, expenses, and deductions are allocated among partners, including special provisions for transfer expenses and management fees. It also details the process for admitting new partners and adjusting allocations accordingly.


document_description: This document outlines the terms and conditions related to the duration and dissolution of a partnership. It specifies the term of the partnership, conditions under which the partnership may be dissolved, and procedures for liquidation of assets upon dissolution. The General Partner has the authority to extend the partnership term or dissolve the partnership under certain conditions. The document also details the process for liquidating the partnership's assets and distributing them among partners.

key_organizations: Glendower Accetet Secondary Opportunities IV (U.S.), L.P.


document_description: The document outlines the procedures for the liquidation of the partnership, including distribution of assets, expenses of the liquidator, duration of liquidation, and liability for returns. It also details limitations on transfers and withdrawals of limited partnership interests.


document_description: This document outlines the conditions under which a Limited Partner's interest in the Partnership can be transferred. It requires the prior written consent of the General Partner for any transfer, which can be withheld at their discretion. The document also prohibits public trading of partnership interests and sets conditions for recognizing certain transfers. It includes required representations by parties involved in a transfer to ensure compliance with relevant regulations.


document_description: This document outlines the conditions and restrictions related to the transfer of partnership interests in Glendower Accetec Secondary Opportunities IV (U.S.), L.P. It specifies the requirements for transferring Limited Partners and transferees, including compliance with Section 1446(f) of the Code and other legal provisions. The document also lists prohibited legal consequences that would prevent a transfer, such as causing the partnership's assets to become 'plan assets' under ERISA or resulting in a non-exempt prohibited transaction.


document_description: This document outlines the conditions under which a transfer of interest in the partnership can occur, including requirements for the transferee to be an accredited investor, qualified purchaser, and qualified client. It also details the need for a legal opinion for compliance, reimbursement of transfer expenses, and the admission of substituted limited partners.

key_organizations: Glendmwr Accetcc Secondary Opportunities IV (U.S.), L.P.


document_description: This document outlines the terms and conditions related to the transfer of interests, non-compliant transfers, multiple ownership, withdrawal rights, and removal of limited partners within the partnership. It specifies the responsibilities of the General Partner in managing these aspects and the conditions under which a limited partner may be removed.


document_description: This document is an excerpt from the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions on look-through treatment, exculpation, and indemnification of Covered Persons, which include the Investment Manager, General Partner, and others. The document outlines the conditions under which these individuals are not liable for losses suffered by the Partnership or any Partner, provided they acted in good faith and without gross negligence or willful misconduct.


document_description: This document is an excerpt from the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines indemnification provisions for Covered Persons and other related parties, detailing the conditions under which they are indemnified by the Partnership. It also specifies limitations on indemnification, particularly in cases of bad faith, gross negligence, or unlawful conduct, and discusses the advance payment of expenses under certain conditions.


document_description: This document is an excerpt from an amended and restated limited partnership agreement for Olendovier Accent Secondary Opportunities IV (U.S.) L.P. It outlines the indemnification rights and insurance provisions for indemnitees associated with the partnership. The agreement specifies the conditions under which the partnership may purchase insurance for indemnitees, the rights of successors, and the priority of indemnity obligations when multiple sources of indemnification are available.


document_description: This document outlines the indemnification and liability limitations for the partnership, including conditions under which partners may be required to return distributions. It specifies the discretionary powers of the General Partner to limit indemnification and the impact of legal restrictions on indemnification provisions.


document_description: This document outlines the procedures for amending the partnership agreement, including the consent required from partners, amendments affecting economic rights, and notice of amendments. It specifies the conditions under which the General Partner can amend the agreement without other partners' consent and details the process for amendments affecting ERISA provisions.

title: ARTICLE 13 - AMENDMENTS, VOTING AND CONSENTS


document_description: The document outlines the procedures for obtaining consents and approvals under the Advisers Act, voting and consent requirements for Limited Partners, and administrative provisions for keeping accounts and records. It specifies the rights of Limited Partners to access certain documents and the discretion of the General Partner to withhold information deemed confidential.


document_description: The document outlines the responsibilities of the General Partner in a limited partnership, including filing the Certificate of Limited Partnership, providing annual financial statements and tax information to partners, and furnishing quarterly reports. It also mentions the confidentiality obligations and information rights of limited partners.


document_description: This document outlines the valuation procedures for Partnership assets as per the Amended and Restated Limited Partnership Agreement of Glendower Access Secondary Opportunities IV (U.S.), L.P. It details the methods for valuing freely tradable securities, other assets, and the exclusion of goodwill and intangible assets in valuation. It also specifies the protocol for notices and communications among partners.


document_description: This document is an excerpt from the Amended and Restated Limited Partnership Agreement for Glenodwer Access Secondary Opportunities IV (U.S.), L.P. It outlines provisions related to notices, accounting, and tax matters. Notices are to be sent to addresses specified in the List of Partners, and the General Partner may post financial statements and reports online. The fiscal year is the calendar year unless otherwise required for tax purposes. The Partnership's accountants are selected by the General Partner. The document also details tax provisions, ensuring the Partnership is treated as a partnership for U.S. federal income tax purposes, and designates the General Partner as the Tax Matters Partner for fiscal years ending before January 1, 2018.


document_description: This document outlines the amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions related to the designation of the General Partner as the 'partnership representative' under the BBA, the responsibilities of partners regarding tax compliance, and the handling of imputed underpayments. The agreement also addresses the sharing of costs and reliance on tax advisors.


document_description: This document is an excerpt from the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the obligations of Limited Partners to provide information for compliance with FATCA and the consequences of non-compliance. It also addresses the non-requirement of Section 1045 rollovers for limited partnership interests.


document_description: This document is an amended and restated limited partnership agreement for Glendower ACCCA Secondary Opportunities IV (U.S.) L.P. It outlines various tax-related provisions, including the responsibilities of limited partners regarding tax elections and reporting, and the power of attorney granted to the General Partner.


document_description: This document outlines the terms and conditions related to the execution of partnership agreements, amendments, and related documents for Glendower Accent Secondary Opportunities IV (U.S.) L.P. It includes provisions for the dissolution and termination of partnerships, the execution of additional documents, and the provision of information by limited partners.


document_description: This document is an amended and restated limited partnership agreement for Glendower Accetec Secondary Opportunities IV (U.S.), L.P. It outlines the binding nature of the agreement on successors, governing law, remedies for breach, waiver of partition rights, securities law matters, and confidentiality obligations of limited partners.


document_description: The document outlines confidentiality obligations for Limited Partners regarding Partnership Information, which is considered a valuable trade secret. It specifies conditions under which disclosure is permitted, such as to professional advisors or under legal compulsion, and requires notification to the General Partner before any legally compelled disclosure.


document_description: This document is an excerpt from a Limited Partnership Agreement, detailing confidentiality obligations and the handling of Partnership Information. It outlines the conditions under which the General Partner may withhold information from Limited Partners and the legal remedies available for breaches of confidentiality. It also includes provisions for contract construction and the survival of confidentiality obligations after a partner's withdrawal.

key_organizations: Glendower Accetcc Secondary Opportunities IV (U.S.), L.P.


document_description: This document is an amended and restated limited partnership agreement for Glendower Accetec Secondary Opportunities IV (U.S.), L.P. It outlines the terms and conditions of the partnership, including arbitration procedures, the use of side letters, and provisions for bad actor disqualification. The agreement emphasizes the sophistication of the parties involved and their opportunity to retain counsel. It also includes clauses on the entire agreement and the ability of the General Partner to amend terms through side letters.


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions related to a 20% Holder and conditions under which they must certify or recertify their status to the General Partner.


document_description: This document is an Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes the execution by the General Partner, Glendower Access Secondary Opportunities IV GP LLC, represented by Thomas Fortin, COO of Institutional Capital Network, Inc. The Limited Partners are represented by iCapital Advisors, LLC, also through Institutional Capital Network, Inc. Michael Stanton is noted as the Initial Limited Partner who is withdrawing.

key_people:
Thomas Fortin
Michael Stanton


document_description: This document is an appendix from the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities W (U.S.), L.P. It contains definitions for various terms used in the agreement, such as '20% Holder', 'Access Fund Default', 'Administrator', and others. These definitions are crucial for understanding the terms and conditions outlined in the partnership agreement.

title: Glendower Access Secondary Opportunities W (U.S.), L.P. - Definitions


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions and terms related to business days, capital accounts, carrying value, the United States Internal Revenue Code, contributions, covered company partners, covered company persons, covered company person ownership percentage, covered persons, credit facilities, and default rates.

title: Glendower Access Secondary Opportunities IV (U.S.), L.P. 1-2 Amended and Restated Limited Partnership Agreement


document_description: This document outlines various terms and definitions related to the Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions for terms such as Defaulting Access Fund Investor, Defaulting Partner, Delaware Act, Delayed Payment Interest, ERISA, ERISA Partner, Exempt Entity, FATCA, Feeder Fund, Final Closing Date, Freely Tradable, and Security. The document is marked as confidential and is related to legal proceedings under Fed. R. Crim. P. 6(e).


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the definitions and terms related to freely tradable securities, the role of the General Partner, and other key entities involved in the partnership.

key_people:
Ian Slome
Michael Stanton


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions and terms related to the management agreement, management fee, net gain or loss, nonrecourse liability, and non-voting interest.

title: Glendower Access Secondary Opportunities IV (U.S.), L.P. I-5 Amended and Restated Limited Partnership Agreement


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines definitions and terms related to the partnership, including organizational expenses, partner interests, and partnership minimum gain.

key_organizations: Glendower Access Secondary Opportunities IV (International), L.P.


document_description: This document outlines the terms and definitions related to the partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions for terms such as Person, Placement Agent, Plan Assets Regulation, Prime Rate, Regulatory Allocations, Restricted Person, and others. It also references specific sections of the agreement for detailed explanations of terms like Regulatory Allocations, Side Letter, Tax Liability, and Tax Matters Partner.

title: Glendower Access Secondary Opportunities IV (U.S.), L.P. 1-7 Amended and Restated Limited Partnership Agreement


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions and terms related to financial obligations, third-party indemnifiers, transfer regulations, and treasury regulations. It also references the Underlying Fund, Glendower Capital Secondary Opportunities IV, LP, and its associated entities.

key_locations:
United States
District of Columbia
European Union

key_organizations: United States Department of the Treasury


document_description: This document outlines the regulatory and tax allocation provisions for a partnership, ensuring compliance with Treasury Regulation Section 1.704-1(b)(2)(iv). It includes details on minimum gain chargeback, nonrecourse deductions, limits on loss and deduction allocations, qualified income offset, and gross income allocation. Adjustments for changes in partner interests are also addressed.

title: Appendix II: Regulatory and Tax Allocations

document_subtype: Partnership Agreement Appendix


document_description: The document outlines the allocation of income, gain, loss, deduction, or credit among partners in accordance with Section 706(d) and Section 704 of the Internal Revenue Code. It includes provisions for special allocations to reflect economic interests and tax allocations considering the carrying value and adjusted basis of partnership property.


document_description: This document is a memorandum related to the Access Fund, highlighting the risks and legal disclaimers associated with investing in the fund. It specifies that the fund is suitable only for sophisticated investors who can bear high risks and lack of liquidity. The memorandum also clarifies that purchasers of interests will not have direct rights or interests in the Underlying Fund and outlines the responsibilities and disclaimers of Glendower and other parties involved.

key_locations: United Kingdom of Great Britain and Northern Ireland

document_subtype: memorandum

key_organizations:
Access Fund
Glendower GP
Glendower Capital LLP
Glendower Capital (U.S.) LLC


document_description: This memorandum discusses the indirect interests in funds managed by Glendower, the rights and limitations of the Access Fund and its Limited Partners, and the potential risks and uncertainties involved in investing in the Underlying Fund. It highlights that past performance is not indicative of future results and includes forward-looking statements with inherent risks. The terms of the Underlying Fund are subject to change, and investors are advised to rely on their own examination of the Access Fund.

key_organizations:
Glendower
Access Fund
Underlying Fund
General Partner
Investment Manager


document_description: This document is an investment memorandum for the Access Fund, outlining the terms, risks, and conditions of the offering. It emphasizes that investors must rely on their own examination of the fund and that no U.S. federal or state securities commission has recommended the interests. The memorandum supersedes any prior offering literature and restricts the transferability and resale of interests. It also requires investors to certify the beneficial ownership of interests to ensure compliance with the Employee Retirement Income Security Act of 1974.

document_subtype: investment memorandum

key_organizations:
Access Fund
Glendower


document_description: This document is a table of contents for the Glendower Capital Secondary Opportunities Fund IV, LP, including sections on introduction, summary of principal terms, risk factors, and tax considerations. It also references a confidential private placement memorandum.

title: Table of Contents for Glendower Capital Secondary Opportunities Fund IV, LP


document_description: The document is an investment memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P., a Delaware limited partnership. It outlines the investment strategy of investing in Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund. The focus is on generating risk-adjusted returns through diverse investments in private equity funds on the secondary market. The memorandum advises prospective investors to review the Underlying Fund's Private Placement Memorandum for risk factors and conflicts of interest.

title: Glendower Access Secondary Opportunities IV (U.S.), L.P. Investment Memorandum

key_locations: Delaware England


document_description: This document provides a summary of the principal terms of the Glendower Access Secondary Opportunities IV (U.S.), L.P. (the 'Access Fund') and its relationship with the Glendower Capital Secondary Opportunities Fund IV, LP (the 'Underlying Fund'). It outlines the roles of the General Partner and the Investment Manager, and references the relevant agreements governing the Access Fund.

title: Summary of Principal Terms of the Access Fund

document_date: October 2017

document_subtype: Investment Summary


document_description: This document is an investment memorandum for the Access Fund, detailing the management fee, investment management agreement, and the purpose and business of the Access Fund. It outlines the investment strategy and objectives of the Underlying Fund, Glendower Capital Secondary Opportunities Fund IV, LP, and the discretion of the General Partner in managing subscriptions.


document_description: The document outlines the offering and investment details for the Access Fund, a private placement fund for certain U.S. investors. It discusses the structure, investor eligibility, tax considerations, and minimum subscription requirements. The Access Fund is designed for U.S. taxable investors and U.S. tax-exempt investors willing to receive unrelated business taxable income (UBTI). The minimum capital commitment for Limited Partners is $250,000, while the minimum for the Underlying Fund is $5,000,000.

document_subtype: Investment Offering

key_organizations:
Access Fund
Underlying Fund
Glendower GP


document_description: The document outlines the procedures for initial and subsequent closings of the Access Fund, including the responsibilities of Limited Partners and the General Partner. It details the financial obligations of investors joining after the Initial Closing, including capital contributions and interest payments.

document_subtype: investment fund notice

key_organizations:
Access Fund
Glendower GP


document_description: The document outlines the investment terms for the Access Fund in the Underlying Fund, including conditions for additional investments at subsequent closings, potential dilution of existing investors' interests, and the formation of parallel access and feeder funds. It also details the term of the Access Fund and conditions for its extension or early termination.

document_subtype: investment agreement


document_description: The document outlines the structure and terms of investment for Glendower Access Secondary Opportunities IV (International), L.P., an offshore access fund for qualified U.S. Tax-Exempt Investors and Non-U.S. Investors. It details the formation of the fund, capital call procedures, and potential penalties for non-compliance by limited partners.

document_subtype: Investment Fund Document


document_description: The document outlines the consequences of a Limited Partner's failure to provide necessary information or make capital contributions as required by the Partnership Agreement. It details the potential remedies the Underlying Fund may impose on the Access Fund in case of default, including forfeiture of interest. The document also describes the process for handling defaults, including the bifurcated default process where the Access Fund is treated as a Defaulting Partner only for the defaulted portion. It allows the General Partner to treat Limited Partners as separate entities for equitable determination of rights and obligations.

key_organizations:
Access Fund
Underlying Fund
Glendower
General Partner
Investment Manager


document_description: The document outlines the distribution and allocation procedures for the Access Fund and its Limited Partners, including Feeder Funds. It details the handling of distributions from the Underlying Fund, capital account allocations, and the expenses borne by the Access Fund and its partners. Organizational and offering expenses, as well as other costs related to the management and operation of the Access Fund, are also discussed.

key_people:
General Partner
Investment Manager

key_organizations:
Access Fund
Feeder Fund


document_description: The document outlines various expenses and costs associated with the Access Fund, including legal, administrative, and operational expenses. It details costs related to litigation, investment banking, consulting services, and insurance, among others. The document also mentions expenses for alternative investment vehicles and regulatory obligations.

document_subtype: financial report

key_organizations:
Access Fund
Underlying Fund
General Partner
Investment Manager


document_description: The document outlines the financial responsibilities of Limited Partners in relation to the operating expenses of the General Partner and the Access Fund. It details how expenses are allocated between the Access Fund and any Feeder Funds, as well as the management fees applicable to Limited Partners.

document_subtype: Investment Fund Agreement

key_organizations:
General Partner
Access Fund
Feeder Fund
Investment Manager
Underlying Fund


document_description: This document outlines the management fee structure for Limited Partners in an Access Fund related to an Underlying Fund. It details the calculation of management fees based on subscription amounts and investment periods, and describes the payment process to the Investment Manager and Placement Agents.

key_organizations:
Access Fund
Underlying Fund
Investment Manager
Placement Agents
Glendower GP


document_description: The document outlines the financial reporting and tax implications for Limited Partners of the Access Fund. It details the provision of audited financial statements, IRS Schedule K-1, and quarterly reports. It also discusses the U.S. federal income tax treatment of the Access Fund as a partnership and the implications for U.S. Tax-Exempt Investors and Non-U.S. Investors.

key_organizations:
Access Fund
U.S. Internal Revenue Service


document_description: The document outlines potential amendments to the Partnership Agreement of the Access Fund, including conditions under which amendments can be made without consulting Limited Partners. It also discusses the Access Fund's ability to enter into a credit facility for funding purposes and the implications for Limited Partners.

document_subtype: Partnership Agreement Amendment

key_organizations:
Access Fund
Underlying Fund


document_description: The document outlines the roles and responsibilities of various parties involved in the Access Fund, including the General Partner, Limited Partners, legal counsel, auditor, administrator, and custodian. It specifies the conditions under which the General Partner may share information with other parties and highlights the legal counsel provided by Cleary Gottlieb Steen & Hamilton LLP and Maples and Calder. KPMG or another recognized firm will serve as the auditor.

document_subtype: Investor Information

key_organizations:
Glendower GP
Cleary Gottlieb Steen & Hamilton LLP
Maples and Calder
KPMG


document_description: The document discusses the risks and conflicts of interest associated with investing in the Access Fund, which is designed to facilitate investment into the Underlying Fund. It highlights the lack of registration under various acts, illiquidity of securities, restrictions on transfer, and potential for total loss of investment. The document also notes that the Access Fund will bear additional expenses, impacting returns, and that investors will not have direct rights or control over the Underlying Fund.

key_organizations:
Raymond James
Glendower
Access Fund
Underlying Fund


document_description: The document discusses the risks and obligations associated with investing in a pooled investment vehicle, the Access Fund, which invests in third-party funds. It highlights indemnification clauses, potential capital contributions, and co-investment opportunities. It also mentions compensation arrangements for iCapital Securities, LLC and the Investment Manager, which may lead to conflicts of interest.

key_organizations:
General Partner
Investment Manager
Administrator
Custodian
Access Fund
Underlying Fund
Glendower GP
iCapital Securities, LLC
iCapital Network


document_description: The document discusses the roles of the General Partner and the Investment Manager in retaining investment advisers or Placement Agents for marketing and selling interests. It highlights potential conflicts of interest and how they are addressed. It also covers the management of other funds or Managed Accounts with similar strategies, potential benefits for certain investors, and the valuation of assets in the Access Fund.

key_organizations:
General Partner
Investment Manager
iCapital Network
Glendower
Access Fund
Underlying Fund


document_description: The document discusses the potential risks and legal implications for the Access Fund, a private equity fund, in relation to ERISA controlled group liability and the Sun Capital Cases. It highlights the lack of recourse for limited partners against the Underlying Fund, the illiquidity of investments, and the lack of voting rights for limited partners. The document also mentions investment concentration risks associated with the Underlying Fund.

key_locations: U.S. Federal Court of Appeals for the First Circuit

key_locations: U.S. District Court for the District of Massachusetts

document_subtype: legal analysis

key_organizations:
Access Fund
Underlying Fund
Glendower


document_description: The document discusses the terms and conditions related to the Access Fund and the Underlying Fund managed by Glendower. It highlights potential conflicts of interest, confidentiality of certain information, the possibility of changes to the Underlying Fund's terms, and the use of Side Letters for preferential terms for certain investors.

key_organizations:
Glendower
Access Fund
Underlying Fund


document_description: The document outlines the financial obligations and risks associated with the Access Fund's involvement with the Underlying Fund managed by Glendower GP. It details the conditions under which the Access Fund may need to repay distributions, reinvest capital, and indemnify various parties. It also highlights the multiple layers of expenses that the Access Fund and its Limited Partners may incur.


document_description: The document discusses the implications of investors subscribing for interests in a Subsequent Closing of an Underlying Fund, including potential dilution of existing investors' interests and issues related to public disclosure requirements. It also covers the borrowing strategies of the Access Fund and Underlying Fund, including the use of credit facilities and the risks associated with pledging assets as collateral.

document_subtype: investment document

key_organizations:
Access Fund
Underlying Fund
General Partner
Investment Manager
Glendower GP


document_description: The document discusses regulatory changes in OTC derivatives markets, including requirements for execution on regulated exchanges, real-time reporting, enhanced documentation, and margin requirements. It highlights potential impacts on costs, exposure, liquidity, and investment returns for funds like the Underlying Fund and Access Fund. The document also covers position limits under the Dodd-Frank Act and the CFTC's authority to impose limits on derivatives positions.

key_locations:
European Union
Japan

document_subtype: memo

key_organizations:
CFTC
Glendower
Underlying Fund
Access Fund


document_description: The document discusses the potential impacts of recent changes in U.S. tax law and position limits on the Access Fund and its investments. It highlights the role of legal counsel and advises prospective investors to seek independent legal, tax, and financial advice. The 2017 Tax Legislation could significantly affect the taxation of investments and the financial condition of entities in which the Underlying Fund invests.

key_locations:
United States
Cayman Islands

document_subtype: legal advisory

key_organizations:
Cleary Gottlieb Steen & Hamilton LLP
Maples and Calder
Access Fund


document_description: The document discusses the impact of the Bipartisan Budget Act of 2015 on U.S. federal income tax audits of partnerships, specifically focusing on the BBA Rules. It outlines the procedures for tax adjustments at the partnership level and the potential financial implications for partners. The document also highlights other tax risks associated with investing in the Access Fund, including changes in tax laws and the possibility of substantial taxation.

document_subtype: tax legislation summary


document_description: Discussion of tax consequences for Limited Partners in the Access Fund, including tax basis, distributions, and allocations of income and loss. It covers how a Limited Partner's tax basis is calculated, the tax implications of cash and property distributions, and the allocation of income and loss according to the Partnership Agreement.

document_subtype: tax document


document_description: The document discusses the tax implications for Limited Partners in the sale of interests in an Access Fund. It covers capital gains or losses, tax basis adjustments, and limitations on the deductibility of interest expenses. The document also mentions the potential termination of the Access Fund for U.S. federal income tax purposes if a significant portion of interests are sold within a year.


document_description: The document provides tax advisory information for non-corporate Limited Partners of the Access Fund, focusing on investment income treatment, investment interest limitations, passive activity loss limitations, at-risk limitations, and deductibility of expenses. It advises prospective investors to consult tax advisors regarding these limitations.

document_subtype: tax advisory


document_description: The document discusses the tax implications for a Limited Partner in the Access Fund, including the treatment of start-up and organizational expenses, limitations on the deductibility of capital losses, and the tax treatment of investments. It covers the recognition of ordinary income from interest and fees, the treatment of gains or losses on debt investments, and the handling of original issue discount and market discount. The document also addresses contingent payment debt instruments and uncertainties in tax law related to debt restructuring.


document_description: The document discusses the tax implications of restructuring debt obligations and investments by the Access Fund, including potential taxable events, investments in derivatives, partnerships, and passive foreign investment companies (PFICs). It highlights the need for investors to consult tax advisors due to complex U.S. federal income tax consequences.


document_description: This document discusses the tax implications for U.S. persons and U.S. Tax-Exempt Investors involved with Controlled Foreign Corporations (CFCs) and the Access Fund. It outlines the rules for U.S. shareholders of CFCs, including the need to include certain earnings in gross income and the treatment of gains as dividend income. It also covers the impact of the 2017 Tax Legislation on deferred earnings and the complexities of CFC and deemed repatriation rules. Additionally, it addresses foreign currency gains or losses and the potential for unrelated business taxable income (UBTI) for U.S. Tax-Exempt Investors.


document_description: The document discusses tax implications for U.S. Tax-Exempt Investors and U.S. taxable investors in relation to the Access Fund. It covers topics such as Unrelated Business Taxable Income (UBTI), excise taxes, foreign tax credits, and audit procedures. The document advises investors to consult tax advisors regarding these issues.


document_description: The document discusses U.S. tax reporting requirements for Limited Partners owning interests in non-U.S. entities through an Access Fund. It outlines the obligations for filing information returns, potential penalties for non-compliance, and the conditions under which qualified dividend income is taxed at reduced rates. It also mentions the FBAR filing requirements for U.S. persons with financial interests in non-U.S. accounts.


document_description: The document discusses the tax implications for Limited Partners of the Access Fund, including qualified dividend income, dividends-received deduction, Medicare tax, and other taxes. It also mentions potential legislative changes affecting these matters.


document_description: The document outlines the regulatory exemptions and legal considerations for the Access Fund under various U.S. financial laws, including the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Commodity Exchange Act of 1974. It discusses the fund's exemption from registration requirements and the legal implications for investors, including anti-money laundering compliance.

document_subtype: legal disclosure

key_organizations:
Access Fund
General Partner
Investment Manager
National Futures Association


document_description: The document discusses regulatory compliance and investment considerations for the Access Fund, including anti-money laundering measures, the Alternative Investment Fund Managers Directive, and ERISA considerations. It outlines the requirements for investors to provide documentation verifying the source of funds and compliance with OFAC regulations. It also addresses the General Partner's approach to organizing the Access Fund to be a permissible investment for ERISA plans.

key_organizations: U.S. Treasury Department's Office of Foreign Assets Control


document_description: The document discusses the implications of investing in the Access Fund for ERISA Plans and Individual Plans, focusing on fiduciary responsibilities and prohibited transactions under ERISA and the 2017 Fiduciary Rule. It highlights the conditions under which the Access Fund's assets may be considered 'plan assets' and the potential fiduciary responsibilities of the General Partner.

key_organizations:
U.S. Department of Labor
Access Fund


document_description: This document is a supplement to the Private Placement Memorandum for the offering of limited partnership interests in Glendower Access Secondary Opportunities IV (U.S.), L.P. It is intended for potential investors and should be reviewed alongside the original Memorandum dated January 2018.

title: Supplement to the Private Placement Memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P.

document_date: March 2018

document_subtype: Private Placement Memorandum Supplement

key_organizations: Glendower Capital Secondary Opportunities Fund IV, L.P.


document_description: This document is a supplement to the Confidential Private Placement Memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P., intended to update and modify the original Memorandum. It outlines the investment strategy of the Access Fund, which will invest in Glendower Capital Secondary Opportunities Fund IV, LP. The supplement clarifies that it does not alter the 'Important Disclosures' section of the original Memorandum and provides guidelines on confidentiality and disclosure, particularly regarding tax treatment and structure.

key_organizations: Glendower Access Secondary Opportunities IV (International), L.P.


document_description: The document outlines amendments to the Summary of Principal Terms of the Access Fund, detailing the expenses that the Access Fund will cover. These include management fees, organizational expenses, taxes, accounting and audit fees, legal costs, and other operational expenses. It also specifies that expenses related to a Feeder Fund will be treated as expenses of the Access Fund.

title: Changes to Summary of Principal Terms of the Access Fund

key_organizations:
Access Fund
Underlying Fund
General Partner
Investment Manager


document_description: The document contains amendments to certain risk factors and potential conflicts of interest related to investing in the Access Fund. It outlines the limitations of investors' rights, potential indemnity obligations, and the risks associated with in-kind distributions and repayment of distributions.

document_subtype: amendment

key_organizations:
Access Fund
Underlying Fund
Glendower GP


document_description: This document is a confidential private placement memorandum related to an underlying fund, marked as proprietary and confidential, and subject to confidentiality under Federal Rule of Criminal Procedure 6(e).

title: Underlying Fund Confidential Private Placement Memorandum

document_subtype: Private Placement Memorandum


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP, associated with Credit Suisse. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).

document_subtype: Confidential Private Placement Memorandum

key_organizations:
Glendower Capital
Credit Suisse


document_description: The document is marked as confidential and is related to legal proceedings, specifically under Federal Rule of Criminal Procedure 6(e). It appears to be a placeholder page that has been intentionally left blank.


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the exemption from registration with the U.S. Commodity Futures Trading Commission (CFTC) for Glendower Capital, LLP and the General Partner. The memorandum is prepared by representatives of the fund and furnished by Credit Suisse as the placement agent. It details the roles and responsibilities of Credit Suisse, including their non-advisory role and potential conflicts of interest due to their business dealings with affiliates of the General Partner and other third-party fund sponsors.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Private Placement Memorandum


document_description: The document is a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the role of Credit Suisse as a placement agent and potential conflicts of interest due to fees and commissions. It also includes legal notices for New Hampshire and Florida residents regarding securities registration and rights to void purchases.

key_locations:
New Hampshire
Florida


document_description: Contact information for Glendower Capital and Credit Suisse Asset Management, including key personnel and addresses.

title: Glendower Capital Secondary Opportunities Fund IV, LP

key_people:
Carlo Pirzio-Biroli
Joshua C Glaser
Michael J. Murphy

key_locations:
London, United Kingdom
New York, United States of America

key_organizations:
Glendower Capital, LLP
Glendower Capital (U.S.), LLC
Credit Suisse Asset Management Limited


document_description: This document is a table of contents for the Glendower Capital Secondary Opportunities Fund IV, LP, detailing sections on investment performance, fund management, risk factors, and legal considerations, among others.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Table of Contents

document_subtype: Table of Contents


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP, providing an executive summary of the investment opportunity.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Executive Summary


document_description: Glendower Capital Secondary Opportunities Fund IV, LP is being formed by Glendower Capital, an independent investment firm focused on secondary private markets. The fund seeks US$1.75 billion in commitments to generate returns through diverse investments in secondary markets, primarily in the U.S. and Europe. It is the fourth fund led by Carlo Pirzio-Biroli and Charles Smith, following their spin-out from Deutsche Asset Management in 2017.

title: Glendower Capital Secondary Opportunities Fund IV, LP Executive Summary

key_people:
Carlo Pirzio-Biroli
Charles Smith
Chi Cheung
Deirdre Davies
Francesco Rigamonti
Adam Graev
Joshua Glaser

key_locations:
U.S.
Europe
London
New York

document_subtype: Executive Summary

key_organizations:
Glendower Capital
Deutsche Asset Management
Deutsche Bank


document_description: The document is an executive summary for the Glendower Capital Secondary Opportunities Fund IV, LP, detailing the fund's investment strategy and focus areas. The fund targets bespoke liquidity solutions and GP-led secondary deals, emphasizing less competitive transactions and a true value approach. The strategy includes purchasing mature fund interests at a discount, efficient portfolio management, and leveraging relationships with fund sponsors and sellers. The document also highlights the fund's historical performance and market positioning.

key_organizations:
Glendower Capital
Deutsche Asset Management


document_description: The document provides an executive summary of the Glendower Capital Secondary Opportunities Fund IV, LP, highlighting its strong performance metrics as of September 30, 2017. The fund has delivered a 1.6x gross multiple and 28% IRR since inception. It details the performance of various SOF funds, including SOF, SOF D, SOF II, and SOF III, and outlines the experienced team and investment process of Glendower Capital.

key_people:
Carlo Pirzio-Biroli
Charles Smith
Chi Cheung
Deirdre Davies
Adam Graev
Joshua Glaser

key_locations:
London
New York


document_description: The document is an executive summary of the Glendower Capital Secondary Opportunities Fund IV, LP, highlighting its investment strategy, alignment of interests, and key terms. It emphasizes the fund's informational advantage, rigorous analysis, and alignment of interests between the fund's team and investors. Key terms and potential risks are outlined in other sections of the memorandum.

key_organizations:
Glendower Capital
Deutsche Bank


document_description: The document provides an overview of the investment performance of the Glendower Capital Secondary Opportunities Fund IV, LP, highlighting strong buyout-like returns with a 1.5x Net Multiple and a 23% Net IRR. It includes detailed performance metrics for various funds within the SOF Program as of September 30, 2017.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Investment Performance

document_subtype: Investment Performance Report