document_description: The document discusses potential conflicts of interest that may arise in connection with the investment activities of the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the responsibilities of the Manager and the General Partner in managing these conflicts and the role of the Fund Advisory Committee. It also highlights specific conflicts such as those among investors, broken deal expenses, investment by management team members, and the influence of Carried Interest.

title: Conflicts of Interest - Glendower Capital Secondary Opportunities Fund IV, LP

key_people:
Manager
General Partner
Fund Advisory Committee


source: doj

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

document_type: other


document_description: This document is a section of a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund III, LP, focusing on legal, ERISA, and tax considerations.

title: Glendower Capital Secondary Opportunities Fund III, LP - Section 9: Certain Legal, ERISA and Tax Considerations

document_type: legal

document_subtype: Confidential Private Placement Memorandum


document_description: This document outlines the legal, ERISA, and tax considerations for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes details on valuation practices, fair treatment of investors, liquidity management, and professional liability risk. The fund is governed by English law and is registered under the Limited Partnerships Act 1907.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Legal, ERISA and Tax Considerations

document_subtype: Private Placement Memorandum

key_organizations:
Glendower Capital
Valuation Committee


document_description: This document outlines the legal and financial framework for the Glendower Capital Secondary Opportunities Fund IV, LP, a private fund limited partnership governed by English law. It details the jurisdictional agreements, investor obligations, collateral and asset reuse arrangements, leverage limits, and periodic disclosure requirements. The document specifies that the Fund may employ leverage up to 400% by the gross method and 300% by the commitment method, with changes disclosed to Limited Partners. It also covers the enforceability of foreign judgments in English courts.

key_locations: England Wales


document_description: The document outlines legal and financial details related to the Glendower Capital Secondary Opportunities Fund IV, LP. It includes information on risk management, leverage, net asset value, historical performance, and the role of the Depositary, Aztec Financial Services (UK) Limited. The document specifies that no investors have been admitted to the Fund, and thus there is no net asset value or historical performance data available. The Depositary's responsibilities and limitations of liability are detailed, along with the conditions under which it may delegate duties.

key_organizations:
Glendower Capital
Aztec Financial Services (UK) Limited


document_description: The document is a legal memorandum related to the offering of interests in the Glendower Capital Secondary Opportunities Fund N. LP. It discusses securities law matters, specifically the non-registration of interests under the Securities Act of 1933 and the reliance on exemptions for private offerings. It also details past legal issues involving Credit Suisse and Raymond James related to auction rate securities.

key_people:
Credit Suisse Securities (USA) LLC
Raymond James & Associates, Inc.
Raymond James Financial Services, Inc.

key_locations:
New York
Puerto Rico
Virgin Islands
District of Columbia


document_description: The document outlines legal considerations for the Glembwer Capital Secondary Opportunities Fund N, LP, including compliance with the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the U.S. Investment Advisers Act of 1940. It discusses the requirements for filing with the SEC when acquiring more than 5% of a company's equity securities, the avoidance of short-swing profit liability, and the exemptions from registration under the Investment Company Act. It also covers the conditions for offers and sales of interests to eligible investors and the implications of the U.S. Advisers Act.

document_subtype: Legal Considerations


document_description: This document outlines the legal and ERISA considerations for the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses exemptions from registration with the U.S. Commodity Futures Trading Commission (CFTC) for the Manager and General Partner, and the implications of ERISA for fiduciaries considering investment in the fund. The document highlights the fiduciary duties under ERISA, the prudence and diversification requirements, and the potential for prohibited transactions. It also explains the conditions under which plan assets are considered under ERISA regulations.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Legal and ERISA Considerations

key_people:
Manager
General Partner

reference_numbers: Section 4975 of the U.S. Internal Revenue Code


document_description: This section outlines the tax and legal considerations for the Glendower Capital Secondary Opportunities Fund IV, LP, including partnership audit procedures, tax liabilities, and investment in foreign corporations. It discusses the implications of adjustments at the fund level, the Push-Out Election, and the treatment of passive foreign investment companies (PFICs) and controlled foreign corporations (CFCs). It also covers the restrictions on deductibility of expenses and other losses for U.S. investors.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Section 9: Certen Legal, ERISA and Tax Considerations


document_description: This document is a section from the Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It discusses legal, ERISA, and tax considerations for investors, including organizational expenses, investment interest expense limitations, qualified business income deductions, and tax implications for ERISA plans, tax-exempt limited partners, and non-U.S. investors. The document outlines potential tax liabilities such as unrelated business taxable income (UBTI) and effectively connected income (ECI) for different types of investors.

key_organizations:
Glendower Capital
ERISA


document_description: This document outlines the tax considerations for non-U.S. investors in the Glendower Capital Secondary Opportunities Fund IV, LP, particularly focusing on the treatment of effectively connected income (ECI) and the implications of investing in U.S. real property holding corporations. It also discusses potential tax liabilities, withholding requirements, and reporting obligations for both U.S. and non-U.S. investors.

reference_numbers:
Form 8865
Form 926
Form 8938


document_description: This document discusses the legal and tax considerations for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It covers potential penalties for non-compliance with tax laws, U.S. state and local tax implications, and UK tax considerations. The fund is structured as an English limited partnership and is intended to be treated as an investment partnership for UK tax purposes. Investors are responsible for their own tax liabilities and should consult with tax advisers.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Legal and Tax Considerations

key_locations:
United States
United Kingdom

document_subtype: Tax and Legal Considerations


document_description: This document outlines the tax considerations for UK resident investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It details the requirements for investors to obtain a Unique Taxpayer Reference (UTR) and the tax implications on income and capital gains. It also discusses the tax-free dividend allowance and the potential for tax credits on foreign tax paid.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Section 9: Certain Legal, ERISA and Tax Considerations

document_subtype: tax considerations


document_description: The document discusses the implications of the Foreign Account Tax Compliance Act (FATCA) and other international disclosure regimes on the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the requirements for compliance with FATCA, including the need for investors to provide necessary information and documentation. The document also covers the potential tax consequences for non-compliant investors and the application of the OECD's Common Reporting Standard.

key_locations:
United Kingdom
United States


document_description: The document discusses certain legal, ERISA, and tax considerations for investors in the Glendower Capital Secondary Opportunities Fund N. LP. It covers topics such as withholding taxes and tax considerations for alternative investment vehicles. Investors are advised to consult their own tax advisers.


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal restrictions and conditions under which the memorandum can be distributed and the interests offered in various jurisdictions including Guernsey, Haiti, Hong Kong, Israel, and Japan. The memorandum emphasizes that it is not approved by financial authorities in these regions and is intended for professional investors only. It also highlights the risks and restrictions associated with the investment.

key_locations:
Guernsey
Haiti
Hong Kong
Israel
Japan

key_organizations: Securities and Futures Commission in Hong Kong


document_description: This document is a Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal and regulatory considerations for offering investment interests in various jurisdictions including Peru, Qatar, Saudi Arabia, Singapore, and South Korea. The memorandum specifies that the interests are not registered in these regions and are offered to institutional investors only, with specific legal disclaimers and restrictions for each jurisdiction.

document_type: financial

key_locations:
Peru
Qatar
Qatar Financial Centre
Saudi Arabia
Singapore
South Korea

key_organizations: Qatar Financial Centre Regulatory Authority


document_description: This document is a private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal and regulatory considerations for offering and selling interests in the fund in Korea, St. Kitts and Nevis, and Switzerland. The memorandum specifies that the fund is not registered with financial authorities in these regions and provides details on the distribution and regulatory requirements in Switzerland, including the roles of the representative and paying agent.

document_type: correspondence

key_locations:
Korea
St. Kitts and Nevis
Switzerland
Geneva

key_organizations: Securities Commission of St. Kitts and Nevis

key_organizations: Financial Services Regulatory Commission of St. Kitts and Nevis

key_organizations: Swiss Financial Market Supervisory Authority


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the terms and conditions for investors, including the possibility of rebates for Limited Partners, restrictions on offering in Taiwan and the UAE, and legal disclaimers for the USA. The memorandum emphasizes that the fund is not regulated by UAE authorities and provides guidance for prospective investors to seek professional advice.

key_locations:
Switzerland
Taiwan
United Arab Emirates
United States of America

key_organizations: Central Bank of the United Arab Emirates

key_organizations: UAE Securities and Commodities Authority


document_description: The document is a Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines that the Interests are not registered under the Securities Act or any state or non-U.S. jurisdiction laws and are offered only to qualifying recipients under specific exemptions. The document emphasizes the restrictions on transferability and resale of the Interests and notes that the Fund is not registered as an investment company under the Investment Company Act, thus lacking its protections.


document_description: The document outlines the anti-money laundering considerations and regulations for the Glendower Capital Secondary Opportunities Fund IV, LP. It details the responsibilities of the Manager to prevent money laundering, the verification process for investors, and compliance with economic sanction regulations.

title: Anti-Money Laundering Considerations and Regulations

key_locations: UK UN EU U.S.

document_subtype: Anti-Money Laundering Policy

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


document_description: This document is an appendix containing key definitions related to the Glendower Capital Secondary Opportunities Fund IV, LP. It includes terms and definitions such as Administration, Agreement, Advance, Advisers Act, Alternative Vehicle, Benefit Plan Investor, BEPS, Brexit, Carried Interest, CFCs, CFTC, Closing, Code, Commitment, Complementary Fund, Covered Person, CPO, and Data Controller.

title: Appendix 4 Key Definitions

document_type: tabular

document_subtype: Appendix

key_organizations:
Glendower Capital
Bright Group


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes a table defining various terms related to the fund, such as Depositary Agreement, Deutsche Asset Management, Deutsche Bank, DOL, and others. The document is marked as confidential and is related to legal and financial considerations for eligible investors.

key_organizations:
Glendower Capital
Deutsche Asset Management
Deutsche Bank
U.S. Department of Labor
UK Financial Conduct Authority


document_description: This document provides definitions and descriptions related to the Glendower Capital Secondary Opportunities Fund IV, LP, including details about the fund's advisory committee, partnership agreement, and investment interests.

key_people:
General Partner
Manager

key_locations:
Cayman Islands
England

key_organizations:
Glendower Capital
Glendower Capital SOF IV (GP) Limited


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the investment period, platforms, restrictions, and key persons involved in the fund. It also includes definitions and terms related to the fund's operations and legal considerations.

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

key_organizations: Glendower IRS OECD


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes definitions and descriptions of various terms related to the fund, such as PFICs, Push-Out Election, QEF, RVPI, and others. It also outlines the roles of different entities and regulations involved in the fund.

key_locations:
Cayman Islands
Scotland
England


document_description: The document provides performance information for the SOF Funds and related transactions managed by Deutsche Alternative Asset Management (Global) Limited. It includes details on the investment performance, NAV, and projected returns as of June 30, 2017. The information is intended for recipients to understand the investment and operational experience of the SOF Team, with a disclaimer on the potential variability of actual results due to various factors.

title: Glendower Capital Secondary Opportunities Fund IV, LP


document_description: This document appears to be a confidential private placement memorandum related to Glendower Capital Secondary Opportunities Fund IV, LP, aiming to achieve comparable returns as mentioned in the memorandum.


document_description: This document is a directory listing the roles and associated entities for the Glendower Capital Secondary Opportunities Fund IV, LP.

title: Glendower Capital Secondary Opportunities Fund IV, LP Directory

document_subtype: Directory

key_organizations:
Glendower Capital, LLP
Debevoise & Plimpton LLP
PricewaterhouseCoopers LLP
Deloitte Touche Tohmatsu
KPMG
Ernst & Young LLP
Aztec Financial Services (UK) Limited
Gen II Fund Services LLC
Credit Suisse Asset Management Limited
Raymond James & Associates, Inc.
Raymond James Financial Services, Inc.


document_description: Proposal for the board of directors of the General Partner for Glendower Capital Secondary Opportunities Fund IV, LP, listing the proposed members and their qualifications.

title: Appendix 7 Board of Directors of the General Partner

key_people:
Alan Turner
Andrew Johnson
Kirsten Le Pape
Vanessa Barrett

key_locations:
Cayman Islands
Bermuda
Ireland
UK
USA
Georgia
Virginia
London
San Francisco

document_subtype: Board of Directors Proposal

key_organizations: Cayman Islands Institute of Professional Accountants

key_organizations: American Institute of Certified Public Accountants


document_description: This document is a confidential private placement memorandum for the Gland:mar Capital Secondary Opportunities Fund N, LP, involving entities such as Glendower Capital and Credit Suisse Asset Management. It includes contact information for key individuals involved in the fund.

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

key_locations:
New York, NY, United States
London, United Kingdom

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


document_description: The document describes a visual representation involving two triangular wedges sharing the same top-right apex and sitting on the same baseline. The left wedge is black and smaller, while the right wedge is light grey and larger. A white thin line acts as a divider between the two wedges. The background is white, forming a triangular or empty area above the wedges.


document_description: This document is a disclosure statement outlining the agreement between Deutsche Bank Securities Inc. (Solicitation Agent), Glendower Access Secondary Opportunities IV GP LLC (Glendower), and iCapital Advisors, LLC (iCapital). The agreement involves the Solicitation Agent soliciting clients for potential subscription to the Access Funds, which include the Onshore Fund and Offshore Fund. The document details the compensation structure for the Solicitation Agent, including a one-time Placement Fee and a quarterly Servicing Fee, based on the subscription amount of the clients (DB Introduced Persons).

document_subtype: Disclosure Statement


document_description: This document outlines the servicing fees and compensation arrangements related to the Access Fund and the role of the Solicitation Agent. It details the fee structure based on the subscription amounts of DB Introduced Persons and the potential conflicts of interest due to financial incentives for the Solicitation Agent.

key_people:
Glendower GP
Glendower Capital, LLC

key_organizations:
Bright Group
Access Fund
Solicitation Agent
iCapital


document_description: This document is a Limited Partner Subscription Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It is marked as proprietary and confidential, and is subject to confidentiality under Federal Rule of Criminal Procedure 6(e).

title: Glendower Access Secondary Opportunities IV (U.S.), L.P. Limited Partner Subscription Agreement

document_subtype: Limited Partner Subscription Agreement


document_description: Instructions for investors interested in purchasing a limited partner interest in Glendower Access Secondary Opportunities IV (U.S.), L.P. The document outlines the steps for completing the Subscription Agreement, including the necessary sections for individuals and entities, the requirement for an initial capital contribution, and the submission of client identification documents.

title: Instructions for Investors in Glendower Access Secondary Opportunities IV (U.S.), L.P.

document_subtype: instructions


document_description: This document is a Limited Partner Subscription Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P., a Delaware limited partnership. It references the Private Placement Memorandum and the Amended and Restated Limited Partnership Agreement. The agreement outlines the terms for an investor to subscribe to a limited partnership interest in the partnership, which aims to invest in Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund limited partnership. The minimum subscription amount is $250,000.

key_people:
General Partner
Investor

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

key_organizations: Glendower Access Secondary Opportunities IV GP LLC


document_description: This document outlines the terms and conditions of an investment agreement between an Investor and a Partnership, including representations and warranties of the Investor, suitability of the investment, and restrictions on transfer. The General Partner has discretion over the commitment of Limited Partners' subscriptions to the Underlying Fund and may over-commit, potentially requiring funding through distributions or borrowings.

document_subtype: Investment Agreement

key_organizations:
Partnership
Underlying Fund


document_description: This document outlines the representations, warranties, and acknowledgments made by an investor in relation to an investment partnership. It includes details about the investor's qualified purchaser status, conflicts of interest, and additional risk factors associated with the investment. The investor acknowledges the lack of registration under the Investment Company Act, the potential conflicts of interest, and the risks due to the partnership's recent formation and limited financial history.

key_organizations:
Bright Group
Partnership
General Partner
Investment Manager


document_description: This document outlines the terms and conditions of an agreement between an Investor and a Partnership. It includes clauses on the enforceability of the agreement, the Investor's knowledge and experience, tax considerations, and the Investor's status in relation to U.S. Treasury Regulations. The document also addresses the Investor's consents and authorizations required for the execution of the agreement.

document_subtype: Partnership Agreement


document_description: The document outlines the legal and tax considerations for the Sole Owner and Investor in relation to the Partnership. It specifies conditions under which the Sole Owner can transfer interests, confirms that the Investor has not borrowed funds for contributions, and clarifies the role of legal counsel. It also includes a privacy notice regarding financial information disclosure.

key_people:
Cleary Gottlieb Steen & Hamilton LLP
Maples and Calder

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


document_description: This document outlines the terms and conditions for an investor's purchase of an interest in the Bright Group Partnership. It includes clauses on nominees and custodians, final form agreements, solicitation restrictions, and compliance with sanctions and anti-money laundering laws.

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

key_organizations: Her Majesty's Treasury of the United Kingdom


document_description: The document outlines restrictions and prohibitions related to investments, focusing on entities or individuals associated with sanctioned parties, non-cooperative jurisdictions, senior foreign political figures, and foreign shell banks. It emphasizes compliance with U.S. and UK government sanctions and anti-money laundering principles.

document_subtype: legal document

key_organizations:
U.S. Treasury Department
Financial Action Task Force
OFAC


document_description: This document outlines the confidentiality obligations of an investor in a partnership, detailing the handling of Non-Public Information and the conditions under which it can be disclosed. It also addresses the investor's obligations under the Freedom of Information Act (FOIA) and similar laws.

document_subtype: confidentiality agreement

key_organizations:
Bright Group
General Partner
Partnership
Investment Manager
Underlying Fund
U.S. Internal Revenue Service


document_description: The document outlines the terms and conditions for an investor in Glendower Capital Secondary Opportunities IV, LP, an English private fund limited partnership. It specifies that the investor will not be a limited partner of the fund, will have no direct interest or voting rights, and waives rights against the fund and its manager. It also details the fees and expenses the investor will be subject to and includes representations for 'Plan Investors' under ERISA.

document_subtype: investment agreement


document_description: The document outlines the terms of a Partnership Agreement involving an Investor, the General Partner, and iCapital Securities, LLC. It specifies the compliance with governing laws, the decision-making power of the General Partner, the non-fiduciary role of iCapital, and the responsibilities of the Investor Fiduciary. The document emphasizes the independent judgment required by the Investor Fiduciary in investment decisions and the understanding of investment risks and conflicts of interest.

key_organizations:
iCapital Securities, LLC
General Partner


document_description: This document outlines the terms and conditions of an investment management agreement involving the Bright Group and iCapital. It includes details about the risks, fees, and conflicts of interest associated with the investment, as well as the responsibilities of the Investor and the Investor Fiduciary under ERISA and other applicable laws. The document also specifies that neither iCapital nor its affiliates receive compensation for investment advice related to the Investor's decisions. Additionally, it confirms that the execution of the agreement will not breach any legal or organizational regulations.

key_organizations:
Bright Group
iCapital


document_description: This document outlines the fiduciary responsibilities and conditions under which an Investor Fiduciary can make a proposed purchase of an Interest in a partnership. It specifies the qualifications and independence of the Investor Fiduciary, the permissibility of the purchase under ERISA and the Code, and the conditions under which the transaction is not considered prohibited. It also addresses the interaction between the Investor and the partnership entities.

key_organizations:
iCapital
Department of Labor

reference_numbers: Department of Labor Regulations Section 2510.3-21(g)(5)


document_description: This document is a Subscription Agreement for a partnership, detailing the power of attorney granted to Glendower Access Secondary Opportunities IV GP LLC and iCapital Advisors, LLC. It outlines the responsibilities and authorities of the attorneys, the irrevocability of the power of attorney, and conditions for amendments and subscription acceptance.

document_subtype: Subscription Agreement


document_description: This document is a fee acknowledgement form related to a private placement investment. It includes sections for acknowledging receipt and review of the Supplement to the Private Placement Memorandum, upfront placement fee details, and investor signature. The document is intended for investors to acknowledge fees and agree to terms as a Limited Partner in the Partnership.

title: Fee Acknowledgement for Private Placement Memorandum

document_subtype: Fee Acknowledgement


document_description: This document is an investment form for prospective investors in the Bright Group. It requires investors to complete information based on whether they are individuals or entities, including personal or organizational details, tax identification, and contact information. The form also asks if the investor is a U.S. Person as defined by Rule 902(k) of Regulation S under the Securities Act.

document_subtype: investment form


document_description: The document contains fields related to employment status, tax year end, employer, FOIA Partner status, and occupation, but all fields are empty. It includes a reference to a section in an agreement for the definition of 'FOIA Partner'. The document is marked as proprietary and confidential.


document_description: A form for providing advisor and investor contact information for communications related to an investment in the Partnership or iCapital Network. The form includes options for copying a financial advisor or additional individuals on correspondence.

document_subtype: form

key_organizations:
Bright Group
iCapital Network


document_description: The document contains placeholders for investor information under the Bright Group, labeled as proprietary and confidential. It includes multiple empty fields for names, relationships, emails, and phone numbers. The document is marked as confidential under Federal Rule of Criminal Procedure 6(e).


document_description: This document is an accredited investor status form for entities such as partnerships, trusts, and corporations. It outlines the criteria under which an entity can qualify as an accredited investor under Rule 501(a) of Regulation D of the Securities Act. The form includes checkboxes for different categories of entities, such as corporations with assets over $5,000,000, banks, insurance companies, and registered investment companies.

title: Exhibit C - Accredited Investor Status

document_subtype: Accredited Investor Status Form


document_description: This document is an investment questionnaire for the Bright Group, assessing the status of an investor as a qualified purchaser and their compliance with the Investment Company Act. It includes questions about the investor's structure, ownership, and purpose related to acquiring interests in a partnership.

document_subtype: investment questionnaire


document_description: This document outlines the representations and warranties required from Plan Investors, which include U.S. pension or employee benefit plans subject to ERISA, plans subject to Section 4975 of the Internal Revenue Code, entities holding plan assets, and fiduciaries managing such assets. It includes a checklist for Plan Investors to confirm their status and obligations under ERISA and the Internal Revenue Code.

title: Plan Investor Representations

document_subtype: investor representation agreement


document_description: This document is a privacy notice provided by Institutional Capital Network, Inc. and its affiliates, iCapital Advisors, LLC and iCapital Securities, LLC, in compliance with Regulation P. It outlines the types of nonpublic personal information collected from investors and the circumstances under which this information may be disclosed to third parties. The notice emphasizes the confidentiality obligations and the limited sharing of information with affiliates, service providers, and consultants on a need-to-know basis. It also describes the security measures in place to protect this information and the annual provision of the privacy policy to investors.

title: NOTICE REGARDING PRIVACY OF FINANCIAL INFORMATION

document_subtype: Privacy Notice

key_organizations:
Institutional Capital Network, Inc.
iCapital Advisors, LLC
iCapital Securities, LLC
Consumer Financial Protection Bureau


document_description: This document outlines the terms and conditions for the Glendower Access Secondary Opportunities Fund IV (U.S.), L.P., including its investment strategy, structure, fees, and reporting requirements. The Access Fund will invest substantially all of its assets into the Underlying Fund, Glendower Capital Secondary Opportunities Fund IV, L.P. The document details the minimum commitment, fund term, capital calls, management fees, and carried interest for both the Access Fund and the Underlying Fund.

title: Glendower Access Secondary Opportunities Fund IV (U.S.), L.P. Terms

key_people: Glendower Access Secondary Opportunities IV GP LLC

document_subtype: Investment Fund Terms


document_description: The document provides information about the Access Fund and Underlying Fund, highlighting the risks and fees associated with investing in alternative investments. It emphasizes that investors in the Access Fund will experience lower returns due to additional fees and expenses. The document also outlines the risks of alternative investments, such as lack of liquidity, volatility, and complex tax structures.

document_subtype: investment information

key_organizations: GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P.


document_description: This confidential presentation by Glendower Capital, LLP provides summary information about existing and future funds managed or advised by Glendower, specifically the Glendower Capital Secondary Opportunities Fund IV, LP. It is intended for a limited number of sophisticated recipients for evaluation purposes and is not an offer to sell or a solicitation to buy any securities. The presentation includes disclaimers about the accuracy of information, potential risks, and the need for recipients to consult their own advisors. It also addresses potential conflicts of interest with Credit Suisse Asset Management Limited.

title: Glendower Capital SOF IV, L.P. Presentation

key_people:
Glendower Capital, LLP
Mirabella Advisers LLP
Credit Suisse Asset Management Limited

document_subtype: confidential presentation

key_organizations:
Glendower Capital
Mirabella Advisers LLP
Credit Suisse Asset Management Limited


document_description: This document is an investment presentation for Glendower Capital SOF IV, LP, providing information on forward-looking statements, investment performance, and track record. It includes disclaimers about the reliability of projections, the independence of Glendower from Deutsche Bank, and the responsibilities of prospective investors.

key_people:
Carlo Pirzio-Birolli
Charles Smith
Chi Cheung
Francesco Rigamonti
Adam Graey

document_subtype: investment presentation

key_organizations: Deutsche Alternative Asset Management (Global) Limited


document_description: This document contains legal disclaimers for the distribution of marketing material related to Glendower Capital SOF IV, L.P. in various countries, including Colombia, France, Guernsey, Haiti, Hong Kong, Israel, and Japan. It outlines the legal restrictions and requirements for offering financial products in these jurisdictions.

key_locations:
Colombia
France
Guernsey
Haiti
Hong Kong
Israel
Japan

document_subtype: legal disclaimer

key_organizations: Securities and Futures Commission of Hong Kong

key_organizations: Credit Suisse Securities (Japan) Limited


document_description: This document is an informational presentation about the Glendower Capital Secondary Opportunities Fund IV, LP and Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the terms, risks, and conditions of investing in these funds, emphasizing that it is not legal, tax, or investment advice. The presentation highlights the high-risk nature of the investment, potential conflicts of interest, and the importance of consulting the Offering Memorandum for detailed information.


document_description: This document provides a summary of key terms for the Access Fund, including details about the underlying fund, general partner, investment manager, structure, strategy, minimum commitment, target size, fund term, capital calls, investment period, administrator, legal counsel, reporting, placement fee, management fee, carried interest, and subsequent closing fee.

title: Summary of Key Terms for Access Fund

key_people:
Debevoise & Plimpton LLP
Cleary Gottlieb Steen & Hamilton LLP

document_subtype: Summary of Key Terms

key_organizations: Glendower Access Secondary Opportunities IV GP, LLC


document_description: The document outlines key terms for investors in the Access Fund, including fees, expenses, and performance compensation. It details the final admission date, placement fee waivers, management fee distribution, calculation bases, and options for direct investment into the Underlying Fund. DBSI's role as placement agent and fee recipient is also noted.

title: Summary of Key Terms for GLDUS131 Bright Group

key_people:
General Partner
Advisory Committee

document_subtype: summary

key_organizations:
DBSI
iCapital Advisors
Glendower Capital, LLP


document_description: A confidential document related to the Glendower Capital Secondary Opportunities Fund IV, LP for the second quarter of 2018, intended for accredited investors and qualified purchasers only.

title: Glendower Capital Secondary Opportunities Fund IV, LP - 2nd Quarter 2018

document_subtype: investment fund document


document_description: The document provides an overview of secondary private equity investments, explaining the differences between primary and secondary private equity investments. It highlights the development and expansion of the secondary private equity market as a liquidity tool for primary PE investors, including the sale and purchase of Limited Partner interests, direct PE investments, and bespoke liquidity solutions for General Partners.

document_subtype: memo

key_organizations:
Bright Group
Glendower Capital


document_description: The document discusses the benefits of secondary private equity investing, highlighting the attractiveness of secondary opportunities, pricing flexibility, mitigation of blind pool risk, mitigation of J-Curve, and complementing portfolio construction. It includes a hypothetical graph illustrating the timing of secondary transactions and cumulative cash flows.

title: Benefits of Secondary Private Equity Investing

document_subtype: investment analysis


document_description: The document discusses the strength of the secondary private equity market, highlighting a deal volume of US$58 billion in 2017. It notes the stability and differentiation in fund pricing, the evolution and growth of GP-led deals, and the steady supply of tail-end funds. The market is increasingly driven by post-crisis funds, with GP-led secondary transactions growing faster than the market. Distinctive investment strategies are seeking attractive deals.

title: Why invest in secondary private equity today?

document_subtype: presentation slide


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

title: GLDUS131 Bright Group


document_description: Glendower Capital is an independent investment team active in the secondary market since 2003. The team spun-off from Deutsche Bank in 2017 and is privately owned by its partners. It manages US$3 billion in client assets with offices in London and New York. The team has a history of raising significant funds and has developed extensive operational processes and relationships in the investment sector.

title: Glendower Capital Overview

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

key_locations:
London
New York

document_subtype: investment overview

key_organizations:
Glendower Capital
Deutsche Bank


document_description: This document provides an overview of the core members of the Glendower Capital team, including their roles, locations, years of experience, and educational backgrounds. It also includes a table listing additional team members with their titles, locations, and years with the team.

title: Glendower Capital Team Overview

key_people:
Carlo Pirzio-Biroli
Charles Smith
Adam Graev
Chi Cheung
Deirdre Davies
Joshua Glaser
Emilio Olmos
Francesco Rigamonti
Rikesh Mohandoss
Devrup Banerjee
Aldrich Chan
Philippe Ferneini
Victoria Loidl
Elena Smirnova
Jonathan Roome
Doug O'Connell
Rafael Enriquez - Hesles
Sheldon Lee
Louise Schoeman
Katherine Weaver
Maxine Turner
Helena Turley
Maria Gianoli-Franklin

key_locations:
London
New York
Rome
Cambridge
Colgate
KZN University
Tulls University
HEC Paris
Polytechnic Univ. of Madrid
Milan
University of Chicago Booth

document_subtype: team overview

key_organizations:
Glendower Capital
Deutsche Bank
CDB Web Tech
General Electric
The Boston Consulting Group
Bankers Trust
Coopers & Lybrand
Pomona
Lehman Brothers
Chatterjee/Soros
Cowen
ABN Amro
KPMG
Paul Capital
Forum Capital
CIBC Oppenheimer
ADIA
UBS
Credit Suisse
Gallo & Co.


document_description: The document provides a detailed performance report of various SOF funds managed by Glendower Capital as of September 30, 2017. It includes information on fund size, transactions, gross and net multiples, IRR, and net distributed values. The report also notes that SOF D is a Euro-denominated fund and provides a conversion rate for US$ values.

title: SOF Funds Performance as of September 30, 2017

document_subtype: financial performance report


document_description: The document compares the performance of SOF Funds against Cambridge Associates' secondary funds, focusing on net IRR and net multiples to limited partners. It includes a table of Index DPI and RVPI from 2004 to 2014 and discusses quartile rankings and performance metrics.

title: SOF Funds vs Cambridge Associates' Secondary Funds Performance

key_organizations:
Glendower Capital
Cambridge Associates


document_description: The document compares the performance of SOF Funds to major public market indices as of September 30, 2017. It includes performance data for various SOF Funds and compares them to indices like MSCI World, Russell 2000, and Thomson Reuters Private Equity Buyout Index.

title: SOF Program Performance Comparison

document_subtype: performance report


document_description: This document contains an introduction, Glendower investment strategy, secondary market update, updates on SOF III and IV, key terms for Glendower Capital Secondary Opportunities Fund IV, and an appendix.

title: Glendower Capital Document


document_description: The document provides a market segmentation analysis of secondary funds raised or in fundraising from 1996-2018, categorized by fund size and market segmentation. It includes a chart displaying fund categories (L, M, S) and specific funds like SOF, SOF D, SOF II, SOF III, and SOF IV. The analysis is based on data from the Pregin database and Glendower Capital's own market intelligence as of November 2017.

title: Glendower Capital Market Segmentation Analysis

document_subtype: market analysis


document_description: Glendower Capital's investment strategy involves sourcing less competitive deals globally, pursuing a selective value approach, buying with a margin of safety, and focusing on efficient portfolio construction. The strategy emphasizes disciplined underwriting, value creation through fundamental analysis, and risk mitigation through diversification and hedging.

title: Glendower Capital Investment Strategy

document_type: media

document_subtype: investment strategy document


document_description: The document outlines Glendower Capital's disciplined barbell approach to investment, adjusting deal types relative to market cycles. It describes different types of fund secondaries, GP-led secondaries, and single asset deals, along with their expected returns and market conditions. The document also provides historical performance data and expected allocations for different deal sizes.

document_subtype: investment strategy presentation


document_description: The document discusses the evolution and advantages of GP-led transactions, highlighting Glendower Capital's experience and strategies in this space. It outlines the benefits of GP-led opportunities over traditional LP interest acquisitions, including accretive strategies, in-depth due diligence, bespoke fund design, and limited leverage use. Performance figures as of September 30, 2017, are mentioned, with a note on the importance of reviewing the 'Important Information' and 'Notes to Investment Performance' sections.

title: Glendower Capital GP-led Transactions Overview


document_description: The document outlines Glendower Capital's rigorous sourcing and deal selection process, highlighting their extensive industry network, significant buy and sell side experience, and unique GP-restructuring and spin-off experience. It includes details on their proactive top-down approach, disciplined underwriting, and substantial transaction history.

title: Glendower Capital Investment Summary

document_subtype: investment summary

key_organizations:
Glendower Capital
DB Wealth Management
Raymond James
Alex Brown


document_description: The document provides illustrative case studies of GP-led transactions and single asset deals, detailing projects/funds, deal sizes, regions, sellers, and descriptions of the deals.

document_subtype: case studies


document_description: The document provides an analysis of secondary market pricing for private equity fund interests, highlighting stable pricing trends from 2011 to 2017 after a period of market overheating in 2006 and 2007. It includes a table showing secondary market volume and pricing as a percentage of NAV from 2005 to 2017.

title: Secondary Market Pricing Analysis

document_subtype: financial analysis

key_organizations:
Glendower Capital
Greenhill
Cogent Partners
Dow Jones Private Equity Analyst


document_description: The document provides an analysis of the secondary market capitalization, highlighting a balanced capital supply with a focus on dry powder and annual deal volume. It includes estimates from Glendower Capital and references to secondary pricing trends and analysis reports.

title: Glendower Capital Secondary Market Report

document_subtype: financial report

key_organizations:
Glendower Capital
Greenhill
Bain & Company


document_description: The document lists 28 General Partners (GPs) representing approximately 90% of SOF III's current exposure based on Fair Market Value as of September 30, 2017. It includes various investment firms and capital partners.

title: SOF Ill Portfolio - Sponsor exposure

key_organizations:
Gilde
KKR
NAVIS
HIGHSTAR CAPITAL
CENTRE
Bridgepoint
NEUBERGER BERMAN
TDR Capital
LANE
LONG POINT CAPITAL
GMT
COLONY
NORTHSTAR
DUKE STREET
ASTRA
Quadrangle
Morgan Stanley
STAGE
ARCO REAL ESTATE
CANTAL
TURKVEN
UNLU & Co
SMITHFIELD
TCV
Zurmont Madison
octopus ventures
AUGENS
Amadeus Capital Partners
Palamon Capital Partners
Glendower Capital


document_description: This document contains information about Glendower Capital's investment strategy, secondary market updates, and key terms for their Secondary Opportunities Fund IV. It is marked as strictly confidential and is subject to confidentiality rules under Federal Rules of Criminal Procedure.

title: Glendower Capital Document


document_description: The document outlines the key terms for the Glendower Capital Secondary Opportunities Fund IV, LP, including target size, structure, investment period, term, minimum commitment, team commitment, general partner share, carried interest, hurdle rate, and clawback provisions. It also advises reading the confidential private placement memorandum for full disclosure of risk factors and other considerations.


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.


document_description: The document provides an overview of the remaining portfolio construction by FMV1 as of September 30, 2017, for the Bright Group. It includes details on fund size, invested capital, capital called, distributions, remaining NAV, and total net return. The asset geography is primarily in Europe, with a small percentage in North America. The investment strategy is focused on large buyouts and growth equity. The sector composition is diverse, with significant investments in healthcare, industrials, and business services.


document_description: The document provides a detailed summary of various financial transactions managed by the Bright Group, specifically focusing on the SOF & SOF D funds. It includes a table listing project names, sourcing methods, seller types, deal types, funds, companies involved, invested and funded capital, initial closing dates, gross multiples, and portfolio details. The document also includes notes on the performance figures, currency conversion rates, and specific details about the Hoover transactions.


document_description: The document provides important information on the track record of the Glendower SOF Team, which spun off from Deutsche Bank on August 1, 2017, to form Glendower Capital LLP. It discusses the investment performance and track record of the SOF Funds, including the roles of key team members and the calculation of investment returns. The document also covers the valuation of unrealized investments and the targeted returns based on Glendower's views and assumptions. It emphasizes that the performance information is illustrative and subject to various risks and assumptions.


document_description: This document provides important legal information regarding the distribution and offering of interests in the GLDUS131 Bright Group Fund to residents in various jurisdictions, including the European Economic Area, Australia, Bahrain, and Brazil. It outlines the legal requirements and restrictions for marketing the fund in these regions, emphasizing compliance with local laws and regulations such as the EU Alternative Investment Fund Managers Directive (AIFMD) and the Australian Corporations Act.


document_description: The document provides jurisdiction-specific disclaimers and information regarding the distribution and offering of securities by Glendower Capital in various countries, including Brunei, Canada, Cayman Islands, Chile, China, Colombia, France, Guernsey, and Haiti. It outlines the legal restrictions and requirements for offering securities in these jurisdictions.


document_description: This document provides important legal information for recipients in specific jurisdictions, including Japan, Malaysia, Mexico, Monaco, New Zealand, and the Sultanate of Oman. It outlines the legal restrictions and conditions under which financial products and securities can be offered or sold in these regions, emphasizing compliance with local laws and regulations.


document_description: This document provides important legal information for potential investors in the GLDUS131 Bright Group fund across various jurisdictions including Qatar, Saudi Arabia, Singapore, South Korea, and Switzerland. It outlines the legal restrictions and requirements for offering and distributing the fund in these regions, emphasizing the need for independent investigation and due diligence by investors. The document also highlights the roles of representatives and paying agents in Switzerland.


document_description: This document is a supplemental disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas, serving as a solicitation agent for a fund. It emphasizes the importance of independent assessment before entering transactions, highlights the risks associated with securities, and clarifies that Deutsche Bank does not provide accounting, tax, or legal advice. The document also mentions potential compensation arrangements and authorizes disclosure of transaction structure and tax aspects.


document_description: This document is a letter of authorization for fund investment, allowing Deutsche Bank to share personal and financial information of the client with iCapital Advisors, LLC and related parties for the purpose of managing an alternative investment fund. It outlines the types of information required from the client, whether they are a natural person or a corporate entity, and seeks consent for information sharing.


document_description: This document is a supplement to the Confidential Private Placement Memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P., an access fund into Glendower Capital Secondary Opportunities Fund IV, LP. It is intended for investors referred by Deutsche Bank Securities Inc. and outlines the offering of limited partner interests.


document_description: This document is a supplement to the Confidential Private Placement Memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P. It updates information regarding the involvement of Deutsche Bank Securities Inc. as a Placement Agent and outlines the compensation and fees related to this role. The supplement modifies the original Memorandum where inconsistencies exist and maintains confidentiality requirements.


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. Deutsche Bank will act as a Placement Agent, introducing clients to the Access Fund. The Investment Manager will pay Deutsche Bank a Servicing Fee for each client introduced, calculated based on the client's subscription amount and the investment period of the Underlying Fund.


document_description: The document outlines the placement fee structure for Deutsche Bank (DB) in relation to the Access Fund. DB Introduced Persons are required to pay a placement fee to Deutsche Bank based on their subscription amount to the Access Fund. The fee rates vary depending on the subscription amount, with higher rates for lower investments. Additionally, Deutsche Bank will act as a placement agent for the Underlying Fund, receiving a fee from Glendower GP or an affiliate. Direct investors in the Underlying Fund will not incur the additional fees applicable to DB Introduced Persons. The document also mentions risk factors and potential conflicts of interest for DB Introduced Persons.


document_description: The document outlines the fee structure and potential conflicts of interest related to Deutsche Bank's role as a Placement Agent for Access Funds. Deutsche Bank charges a DB Placement Fee to DB Introduced Persons, which may vary and can be waived or reduced. Additionally, Deutsche Bank receives a Servicing Fee for certain services provided to DB Introduced Persons, with the fee structure varying based on the investment period and subscription amounts. Deutsche Bank also receives a placement fee from Glendower GP or an affiliate. The document highlights potential conflicts of interest due to these fees, as they may influence Deutsche Bank's investment recommendations.


document_description: This document provides instructions for completing Form W-9, which is used to certify a taxpayer's identification number (TIN) and exemption from backup withholding. It explains the definition of a U.S. person, special rules for partnerships, and the implications of backup withholding and FATCA reporting. It also outlines penalties for failing to provide correct information.


document_description: This document provides instructions related to IRS Form W-9, emphasizing that the IRS does not initiate contact with taxpayers via email or request sensitive information through email. It advises on how to report suspicious emails and identity theft. The document also explains the Privacy Act Notice related to the collection and use of Taxpayer Identification Numbers (TINs) and the consequences of not providing a TIN.


document_description: This document is a driving license issued to Jeffrey E. Epstein in the United States Virgin Islands. It includes personal details such as height, weight, hair and eye color, and blood type. The license was issued on January 15, 2010, and expired on January 20, 2015.


document_description: This document is a passport issued by the United States of America to Jeffrey Edward Epstein. It includes personal details such as his full name, nationality, date of birth, place of birth, and passport details including the date of issue and expiration. The document is marked as confidential and includes security features such as a decorative header and star motifs.


document_description: This document is an amendment to iCapital's brochure as part of the annual update for 2018. It includes updates to the collection of 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.


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing the investment strategies, management fees, and assets under management as of December 31, 2017. It outlines the structure of various funds managed by iCapital, including private equity and hedge funds, and the management fees associated with these funds. 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.


document_description: The document outlines the fee structure and service provider arrangements for iCapital Advisors, LLC. It details the management fee, investor servicing fee, and payments to underlying managers. The document also describes the role of service providers like Dynasty Securities, LLC, and the organizational expenses each fund will bear.


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing various aspects of their investment management services. It covers topics such as litigation and related legal fees, investment expenses, performance-based fees, types of clients, and side agreements with investors. iCapital Advisors manages funds that are exempt from the definition of 'investment company' under specific sections of the Investment Company Act, and offers interests in these funds under certain regulations. The document also discusses the types of clients they serve, including high net worth individuals and institutional investors, and the conditions under which they operate.


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 clarifies that iCapital does not provide investment advice and that investors should seek their own counsel. The document emphasizes the confidentiality of the information and the potential for changes in the terms of the Underlying Fund without liability to investors.


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, discussing various financial and investment considerations for investors in Private Access Funds. It covers topics such as tax obligations, illiquidity of investments, economic and market risks, and consequences of default. Investors may face tax liabilities exceeding cash distributions and may need to file for tax extensions. The document also highlights the risks associated with private equity fund investments, including market sensitivity and potential default consequences.


document_description: The document is a legal disclosure from iCapital Advisors, LLC regarding capital contributions and the potential consequences of default by investors. It outlines the procedures for handling defaulted capital contributions, including the possibility of selling or forfeiting an investor's interest and pursuing legal remedies. The document also discusses the structure of certain funds as series limited partnerships under the Delaware Act, highlighting the potential risks and uncertainties related to the segregation of assets and liabilities across different series. Additionally, it emphasizes the reliance on sub-advisers for investment decisions and the potential impact of changes in sub-advisory personnel on fund performance.


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, discussing investment strategies and associated risks. It highlights the expenses and risks of investing in non-U.S. securities, including ADRs, EDRs, and GDRs, and the specific challenges of investing in emerging markets. The document also addresses the impact of foreign currency fluctuations on investment values.


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing various investment risks, affiliations, and activities. 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 its relationship with iCapital Securities, a registered broker-dealer, and Gen II Fund Services, a fund administrator. The document states that iCapital has no material legal or disciplinary events affecting its advisory business.


document_description: The document outlines the Code of Ethics and conflict of interest policies for iCapital Advisors, LLC. Employees must obtain written authorization from the CCO for personal investments and are discouraged from frequent trading. iCapital serves as an investment adviser to various funds, and employees may invest in these funds. The document also discusses potential conflicts of interest, including compensation from underlying fund managers and placement fees, which could influence investment recommendations.


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing potential conflicts of interest, fee structures, valuation processes, educational programs, and privacy policies. It highlights the involvement of management persons in soliciting investment advisers, the fee structure for brokerage limited partners, and the valuation of fund assets. It also discusses educational programs for financial advisers and the privacy policy for investors' personal information.


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


document_description: This document is a Form ADV Part 2B for Eileen Duff Blalock, a member of iCapital Advisor's investment committee and Managing Partner at iCapital Network. It outlines her educational background, business experience, and roles within the company. The document confirms that Ms. Blalock has not been subject to any legal or disciplinary events and details her supervisory structure under Mr. Michael Stanton, iCapital's CCO.


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.


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


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_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 outlines 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. The agreement replaces the initial agreement dated January 8, 2018.


document_description: The document is a legal partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the name, offices, purpose, powers, and partner details of the partnership. The partnership's principal purpose is to invest in the Underlying Fund and engage in related activities. The General Partner has the authority to change the partnership's name, office locations, and registered agent. Limited Partners have limited liability and are required to fulfill capital contributions as agreed.


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 obligations and rights of Limited Partners, including conditions related to death, dissolution, or bankruptcy, and the process for admitting additional Limited Partners before the final closing date. It specifies that Limited Partners cannot control the partnership or withdraw their contributions, and details the financial obligations of new or increasing Limited Partners.


document_description: The document outlines the terms and conditions for Additional Limited Partners joining the partnership after the initial and final closing dates. It specifies the financial contributions required from these partners, including management fees and interest-equivalent amounts. The document also details the adjustments to be made to capital accounts and distributions to accommodate new partners, and the accession process for new partners to the agreement.


document_description: The document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions for the admission of new partners without requiring consent from existing partners, and outlines anti-money laundering provisions. Limited Partners must ensure their contributions are not derived from illegal activities and comply with U.S. anti-money laundering laws. The General Partner has the authority to take necessary actions to ensure compliance, including freezing or transferring a Limited Partner's interest if violations occur.


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 powers and responsibilities of the General Partner, including the ability to make decisions on behalf of the Partnership, execute agreements, and disclose nonpublic information as required. It also clarifies that the General Partner and its affiliates can engage in other business ventures independently of the Partnership.


document_description: This document outlines the fees and expenses related to the partnership, including organizational expenses, partnership expenses, and management fees. It specifies the responsibilities of the General Partner and the Investment Manager regarding these expenses.


document_description: The document outlines the expenses and financial responsibilities of Limited Partners in a partnership managed by Forrestal Capital LLC. It details the types of expenses covered, including travel, research, insurance, and legal fees, and how these are shared among partners, including Feeder Funds and Parallel Access Funds. The document also specifies the pro-rata sharing of expenses and the reimbursement process for expenses paid by the General Partner or its affiliates.


document_description: The document outlines the financial responsibilities and management fee structure for Limited Partners in a partnership managed by Forrestal Capital LLC. It specifies how tax-related expenses and management fees are allocated among Limited Partners based on their subscription amounts and investment periods. The document also details the calculation of management fees during different phases of the investment period and how these fees affect the Limited Partners' subscriptions.


document_description: The document outlines the terms and conditions related to management fees and capital contributions for partners in the Glendower Access Secondary Opportunities IV (U.S.), L.P. It specifies the calculation and timing of management fee payments, the obligation of partners to contribute capital, and the procedures for initial capital contributions. The management fee is calculated based on LIBOR plus 2% or 8%, whichever is higher, and is payable quarterly in advance. Capital contributions are determined by the partner's percentage interest and are required to be made via wire transfer from a U.S. bank.


document_description: The document outlines the procedures and consequences for a Limited Partner's default in making capital contributions as per the agreement. It specifies the rights of the General Partner to designate a defaulting partner and the remedies available, including legal action, 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 General Partner in the event of a default by a Limited Partner in the partnership. It specifies the actions that can be taken against a Defaulting Partner, including limiting their voting rights, terminating their interest in the partnership, and reallocating their interest among non-defaulting partners. The document also details the financial obligations of Defaulting Partners and the cumulative nature of the remedies available to the General Partner.


document_description: The document outlines the provisions related to default scenarios and assignment of partner contributions in a limited partnership agreement. It specifies the conditions under which the partnership or its partners may be considered in default, and the rights and remedies available to the general partner and the underlying fund in such cases. It also details the general partner's authority to assign unpaid subscriptions to third parties as security for the partnership's obligations.


document_description: The document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the security interests assigned by Limited Partners to the Partnership, including rights in case of default. It also details the distribution of proceeds, including the discretion of the General Partner in determining the amount, timing, and form of distributions, and the conditions under which discretionary distributions are made.


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 allocation of net gains and losses among partners, compliance with Treasury Regulations, and adjustments to capital accounts. The document specifies how distributions and liabilities are handled in the event of the partnership's dissolution.


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 terms related to the duration and dissolution of the partnership. The partnership's term is tied to the dissolution of the Underlying Fund and can be extended by the General Partner. The document also details conditions under which the partnership may be dissolved, including the withdrawal of the General Partner and the process for liquidation of assets upon dissolution.


document_description: The document outlines the procedures for the liquidation of the partnership, including the distribution of assets, expenses of the liquidator, and limitations on transfers and withdrawals of partnership interests. It specifies the responsibilities and liabilities of the liquidator and partners during the winding-up process.


document_description: The document outlines conditions and restrictions related to the transfer of interests in a partnership managed by Forrestal Capital LLC. It specifies the requirements for transferring limited partners and transferees to comply 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, resulting in a non-exempt prohibited transaction, or requiring registration under various securities and investment acts.


document_description: The document outlines the terms and conditions related to the transfer of interests in a partnership, specifically addressing non-compliant transfers, multiple ownership, withdrawal rights, and the removal of a limited partner. It specifies the responsibilities of the General Partner in managing these situations and the conditions under which a limited partner may be removed or required to withdraw.


document_description: The document is an excerpt from a partnership agreement for Forrestal Capital LLC, specifically focusing on Article 13, which deals with amendments, voting, and consents. It outlines the conditions under which the agreement can be amended, including the need for consent from the General Partner and a majority of Limited Partners, and specifies exceptions where the General Partner can amend the agreement unilaterally. It also addresses amendments affecting economic rights of partners and the need for consent from ERISA Partners for certain amendments.


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 procedures for obtaining consents and approvals from limited partners, voting and consent requirements, and administrative provisions such as keeping accounts and records. The agreement specifies that the General Partner can obtain necessary approvals by notifying Limited Partners and that non-objections are considered as consent. It also details the voting process and the maintenance of partnership records.


document_description: The document outlines the responsibilities of the General Partner in providing financial reports and tax information to the Partners of the Partnership. It includes details on the filing of the Certificate of Limited Partnership, the preparation and transmission of annual financial statements and tax information, and the provision of quarterly reports. It also mentions the limitations on information rights for Limited Partners compared to direct limited partners of the Underlying Fund.

document_subtype: Limited Partnership Agreement

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


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 procedures for valuation of partnership assets, including freely tradable securities and other assets, as well as the treatment of goodwill and intangible assets. 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., managed by Forrestal Capital LLC. It outlines provisions related to notices, accounting, and tax matters. Notices to partners are considered received based on specific delivery methods, and the General Partner can post financial statements online. The fiscal year is aligned with the calendar year unless tax regulations require otherwise. The Partnership's independent accountants are selected by the General Partner. Tax provisions ensure the Partnership is treated as a partnership for U.S. federal income tax purposes, with the General Partner acting as the Tax Matters Partner for fiscal years ending before January 1, 2018.


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 various tax-related provisions and obligations for Limited Partners, including restrictions on making certain tax elections without the General Partner's consent, requirements for maintaining tax reporting consistency, and the appointment of the General Partner as attorney-in-fact for executing necessary legal documents.


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 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 of Limited Partners regarding Partnership Information, emphasizing its status as a trade secret. It details conditions under which disclosure is permissible, such as legal requirements or consent from the General Partner, and procedures to follow in such cases.

document_subtype: confidential agreement


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 confidentiality obligations and the conditions under which the General Partner may withhold Partnership Information from Limited Partners. It also discusses the handling of confidential information related to third parties and the legal remedies available for breaches of confidentiality. The document includes provisions for contract construction, including gender and number references, and the treatment of invalid or unenforceable provisions.


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 terms and conditions of the partnership, including arbitration procedures, the use of side letters, and provisions for dealing with 'bad actors' under Rule 506(d) of the Securities Act. The agreement also specifies that it can be signed in counterparts and constitutes the entire agreement among the parties involved.


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 the certification of a 20% Holder and confidentiality under Federal Rules.

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 signatures from the General Partner and Limited Partners, with Thomas Fortin as COO and Michael Stanton as the Initial Limited Partner withdrawing.

key_people:
Thomas Fortin
Michael Stanton

key_organizations: Glendower Access Secondary Opportunities IV GP LLC


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 terms and conditions under which the partnership operates, including definitions of key terms such as Freely Tradable Securities, General Partner, and Limited Partners. It also specifies the roles of the General Partner and Investment Manager, and conditions under which securities can be distributed or sold.

title: Glendower Access Secondary Opportunities IV (U.S.), L.P. 1-4 Amended and Restated Limited Partnership Agreement

key_organizations:
Forrestal Capital LLC
iCapital Advisors, LLC


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 and financial operations of the partnership, such as the list of partners, management agreement, management fee, net gain or loss, nonrecourse liability, and non-voting interest.


document_description: This document outlines the terms and definitions related to the limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions for terms such as Offshore Access Fund, Organizational Expenses, Parallel Access Fund, Partner Interest, and others. The document is marked as confidential and is subject to Federal Rule of Criminal Procedure 6(e).

title: Amended and Restated Limited Partnership Agreement

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


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), detailing financial instruments, third-party indemnifiers, transfer regulations, and definitions related to the partnership.

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

key_locations:
United States
European Union
District of Columbia

key_organizations: Glendower Capital Secondary Opportunities IV, LP

key_organizations: United States Department of the Treasury


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 Code. It allows the General Partner to modify allocations to reflect economic interests more accurately, as advised by tax advisors.

document_subtype: Amended and Restated Limited Partnership Agreement


document_description: This document is a confidential private placement memorandum provided by iCapital Advisors, LLC to sophisticated investors for investment in Glendower Access Secondary Opportunities IV (U.S.), L.P. The memorandum includes information about the investment in limited partner interests and the underlying fund, Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal and regulatory framework, including exemptions from registration under U.S. securities laws, and specifies the qualifications required for investors.

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

key_people:
General Partner
Investment Manager

key_locations: Delaware U.S. England

document_subtype: Private Placement Memorandum


document_description: This document is an investment memorandum for the Access Fund, organized by Forrestal Capital LLC. It outlines the risks and conditions associated with investing in the Access Fund, which is suitable only for sophisticated investors. The memorandum specifies that investors will not have direct interests or rights in the Underlying Fund managed by Glendower Capital. It also clarifies that the offering of interests in the Access Fund is not an offering of interests in the Underlying Fund. The document includes disclaimers about the responsibilities and liabilities of Glendower Capital and other parties involved.

key_locations:
European Economic Area
United Kingdom

document_subtype: investment memorandum

key_organizations:
Forrestal Capital LLC
Glendower Capital LLP
Glendower Capital (U.S.) LLC


document_description: This document is an investment memorandum for prospective investors in the Access Fund managed by Forrestal Capital LLC. It outlines the legal, tax, regulatory, financial, and accounting considerations for potential investors and emphasizes the need for consulting independent advisors. The memorandum is not a prospectus and does not contain all necessary information for investment decisions. It includes summaries of the Partnership Agreement and Subscription Agreement, which are subject to change and should be reviewed for complete information. The document also addresses U.S. Treasury Regulations compliance and advises investors to seek independent tax advice. Prospective investors are encouraged to meet with Access Fund representatives for further information.

document_subtype: Investment Memorandum

key_organizations:
Forrestal Capital LLC
Access Fund
Glendower


document_description: This document is a confidential memorandum related to investment in the Access Fund, detailing subscription requirements and confidentiality agreements. It specifies a minimum subscription amount of $250,000 and outlines legal restrictions on the distribution and sale of interests. The memorandum emphasizes the confidentiality of the information contained within and the obligations of the recipient to maintain this confidentiality.

document_subtype: Memorandum

key_organizations:
Forrestal Capital LLC
Glendower
Institutional Capital Network, Inc.


document_description: The document discusses the aggregation of positions for CFTC position limit and large trader reporting purposes, including future requirements for swaps equivalent to commodity futures. It also mentions the filing of a notice of exemption from CFTC registration by the investment manager under CFTC Rule 4.14(a)(8).

document_subtype: exemption notice

key_organizations:
Forrestal Capital LLC
CFTC
NFA


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

title: GLDUS137 Forrestal Capital LLC

key_organizations:
Forrestal Capital LLC
Glendower Capital


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 Underlying Fund. It outlines the roles of the General Partner and the Investment Manager, and references the relevant agreements governing the fund.

title: Summary of Principal Terms of the Access Fund

document_date: October 2017

document_subtype: Investment Summary

key_organizations: Glendower Capital Secondary Opportunities Fund IV, LP


document_description: This document is an investment memorandum for the Access Fund, managed by Forrestal Capital LLC. It outlines the management fee structure, the role of the Investment Manager, and the purpose and business of the Access Fund, which is to invest in Glendower Capital Secondary Opportunities Fund IV, LP. The memorandum details the investment objectives and strategies of the Underlying Fund, focusing on secondary market opportunities in private equity. It also discusses the discretion of the General Partner in managing cash flows and investment commitments.

key_people:
Investment Manager
General Partner

key_locations: English private fund limited partnership


document_description: The document outlines the investment terms for the Access Fund in the Underlying Fund, including provisions for subsequent closings, potential dilution of existing investors, and the formation of parallel access and feeder funds. It details the conditions under which additional investments may be made and the potential impact on existing investors.

document_subtype: investment agreement

key_organizations:
Forrestal Capital LLC
Access Fund
Underlying Fund
Glendower GP


document_description: The document outlines the structure and terms of investment for Glendower Access Secondary Opportunities IV (International), L.P., a Cayman Islands exempted limited partnership. It details the formation of the Offshore Access Fund for qualified U.S. Tax-Exempt Investors and the conditions under which capital contributions are made by Limited Partners. It also discusses the potential penalties for failing to meet capital contribution requirements.

document_subtype: Investment Fund Document


document_description: The document outlines the consequences of a Limited Partner's failure to meet capital contribution requirements in a partnership agreement involving Forrestal Capital LLC. It details the potential remedies and penalties for defaults, including the forfeiture of interests and additional capital calls from compliant partners. The document also describes the bifurcated default process and the rights of the General Partner and Glendower GP in handling defaults.

key_people:
General Partner
Investment Manager
Glendower GP

document_subtype: Partnership Agreement

key_organizations:
Forrestal Capital LLC
Access Fund
Underlying 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.

key_organizations:
Access Fund
Forrestal Capital LLC


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

document_subtype: Investment Agreement

key_organizations:
Forrestal Capital LLC
Access Fund
Underlying Fund
Investment Manager
Placement Agents
Glendower GP


document_description: The document outlines the terms and conditions for the Access Fund's use of placement agents, specifically Raymond James & Associates, Inc. or Raymond James Financial Services, Inc., for investment in an Underlying Fund. It details the placement fees, marketing and fund servicing fees, and the management fee for the Underlying Fund. Limited Partners are required to pay a placement fee up to 2.0% of their subscription, which is not part of their capital contribution. The document also mentions the management fee of 1.10% for the Underlying Fund, with a discount for the Access Fund.

key_organizations:
Forrestal Capital LLC
Raymond James & Associates, Inc.
Raymond James Financial Services, Inc.
Glendower GP


document_description: The document outlines the terms related to carried interest distributions, indemnification, and withdrawal/transfer of interests for Limited Partners in the Access Fund associated with Forrestal Capital LLC. It specifies the conditions under which the Glendower GP receives carried interest, indemnification obligations of the Access Fund, and the restrictions on withdrawal and transfer of interests by Limited Partners.

document_subtype: Investment Fund Agreement


document_description: The document outlines the financial reporting and tax implications for Limited Partners of the Access Fund, managed by Forrestal Capital LLC. It details the provision of audited financial statements, IRS Schedule K-1, and quarterly reports to Limited Partners. 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, including the potential receipt of Unrelated Business Taxable Income (UBTI). The document advises Non-U.S. Investors to consider the Offshore Access Fund instead.

key_organizations:
Forrestal Capital LLC
Access Fund
U.S. Internal Revenue Service


document_description: The document outlines amendments to the Partnership Agreement of Forrestal Capital LLC's Access Fund. It specifies conditions under which amendments can be made without adversely affecting Limited Partners, such as curing ambiguities or complying with legal requirements. The document also discusses voting rights, indicating that the General Partner and Investment Manager will vote on behalf of the Access Fund without consulting Limited Partners. Additionally, it details the Access Fund's ability to enter into a credit facility for funding purposes, including potential borrowing and repayment terms.

document_subtype: Partnership Agreement Amendment


document_description: The document outlines the borrowing and credit support capabilities of the Underlying Fund and its impact on the Access Fund's ability to borrow funds. It also details investor eligibility criteria and confidentiality obligations for Limited Partners. Additionally, it clarifies the disclosure rights regarding U.S. tax treatment and structure of the Access Fund.


document_description: The document outlines the legal and administrative structure of the Access Fund, including the roles of the General Partner, legal counsel, auditor, administrator, and custodian. It specifies the conditions under which Limited Partner information may be shared 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: Investment Fund Information

key_organizations:
Forrestal Capital LLC
Glendower GP
Access Fund
KPMG


document_description: The document outlines certain risk factors and potential conflicts of interest associated with investing in the Access Fund and the Underlying Fund. It highlights business and market risks, as well as conflicts of interest related to compensation arrangements with Placement Agents like Raymond James.

document_subtype: investment risk disclosure

key_organizations:
Forrestal Capital LLC
Raymond James
Glendower


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


document_description: The document outlines the terms and conditions of investment in the Access Fund managed by Forrestal Capital LLC. It discusses indemnification provisions, capital contributions, co-investment opportunities, and compensation arrangements. The document highlights potential conflicts of interest and advises investors to consult their own advisors.

key_organizations:
Forrestal Capital LLC
Glendower GP
iCapital Securities, LLC


document_description: The document outlines the roles of the General Partner and Investment Manager in retaining investment advisers or Placement Agents for marketing and selling interests. It discusses potential conflicts of interest, management of other funds or Managed Accounts with similar strategies, and the valuation of assets in the Access Fund. The document emphasizes the potential for conflicts of interest and the inherent uncertainties in asset valuation.

document_subtype: Investment Fund Disclosure

key_organizations:
Forrestal Capital LLC
General Partner
Investment Manager
Glendower
iCapital Network


document_description: The document discusses potential risks and legal considerations for the Access Fund, particularly in relation to ERISA controlled group liability and the implications of the Sun Capital Cases. It highlights the risks of being characterized as a 'trade or business' and the potential for forming a 'partnership-in-fact' with affiliated private equity funds. The document also outlines the lack of recourse for Limited Partners against the Underlying Fund, restrictions on transferability or redemption of interests, and the lack of voting rights or participation in the Underlying Fund's management. Additionally, it 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: This document discusses the terms and conditions related to the Access Fund and the Underlying Fund managed by Glendower and its affiliates. It highlights potential conflicts of interest among investors, 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. It also notes the lack of guarantee for a Qualified Matching Service for transferring interests.

document_subtype: memorandum

key_organizations:
Forrestal Capital LLC
Glendower
Underlying Fund
Access Fund


document_description: The document outlines the terms and conditions related to the Access Fund's obligations and rights in relation to the Underlying Fund managed by Glendower GP. It covers topics such as repayment of distributions, reinvestment rights, indemnity obligations, and multiple layers of expenses. The Access Fund may need to repay distributions, make additional capital contributions, and indemnify various parties. Expenses and management costs are borne by the Access Fund, and certain obligations are not capped.

key_organizations:
Forrestal Capital LLC
Glendower GP
Access Fund
Underlying Fund


document_description: The document is an investment memorandum for Forrestal Capital LLC's Access Fund, detailing the fund's cash management strategies, risks of over-commitment, lack of diversification, forward-looking statements, and compliance with Rule 506 of Regulation D. It highlights potential risks such as defaulting on capital contributions, reliance on a single underlying fund, and disqualification from Rule 506 offerings due to 'bad actors.'

key_organizations:
Forrestal Capital LLC
Access Fund