document_description: This document outlines the tax considerations for investors in the Glendower Capital Secondary Opportunities Fund IV, LP, particularly focusing on UK resident investors. It discusses the requirements for obtaining a Unique Taxpayer Reference (UTR) from HM Revenue & Customs, the taxation of income and capital gains for UK investors, and the implications of the Taxation (International and Other Provisions) Act 2010 and the Offshore Funds (Tax) Regulations 2009.

document_subtype: Tax Considerations


source: doj

document_description: This document outlines the tax considerations for investors in the Glendower Capital Secondary Opportunities Fund IV, LP, particularly focusing on the implications of the Offshore Fund Rules for UK residents and non-residents. It discusses the tax treatment of income and capital gains for UK resident individuals and companies, as well as non-UK resident investors. The document also addresses the potential inheritance tax implications for limited partnership interests in the UK.

title: Cedar Legal: ERISA and Tax Considerations

document_type: legal

document_subtype: Confidential Private Placement Memorandum

key_organizations:
Glendower Capital
Cedar Legal


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, focusing on FATCA and other international disclosure regimes. The document outlines the implications of FATCA, including withholding tax requirements, compliance obligations under the UK FATCA Legislation, and the potential consequences for non-compliant investors. It also covers the Common Reporting Standard and other international tax reporting regimes that the Fund must adhere to.

key_locations:
United Kingdom
United States

document_subtype: Private Placement Memorandum


document_description: The document discusses legal, ERISA, and tax considerations for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It covers withholding taxes and tax considerations for alternative investment vehicles, advising investors to consult their tax advisers.


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

document_type: other


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP, provided by DF Enterprises. It includes appendices and is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).

document_type: financial

key_organizations:
DF Enterprises
Glendower Capital


document_description: This document is a memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP, detailing notices to investors in specific jurisdictions. It outlines the legal restrictions on the distribution and sale of interests in certain jurisdictions, emphasizing compliance with local laws and regulations. The memorandum specifies conditions for distribution in the European Economic Area, Denmark, Finland, and Germany, targeting professional investors and detailing specific legal frameworks applicable in each jurisdiction.

document_type: correspondence

key_locations: Denmark Finland Germany

document_subtype: Memorandum

key_organizations:
Glendower Capital
European Economic Area
Finnish Financial Supervisory Authority
German Capital


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the regulatory considerations and restrictions for offering the fund's interests in various jurisdictions including the Netherlands, Sweden, the United Kingdom, Australia, and Bahrain. The memorandum specifies that the fund is targeted at professional investors and is subject to different regulatory frameworks depending on the country. It also highlights that the fund is not registered or approved by financial authorities in these regions and is exempt from certain disclosure requirements.

key_locations:
The Netherlands
Sweden
United Kingdom
Australia
Bahrain

key_organizations:
Glendower Capital
DF Enterprises
Finansinspektionen
FCA
Central Bank of Bahrain


document_description: This document is a private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, detailing the offering restrictions and legal disclaimers for various countries including Brazil, Brunei, Canada, Cayman Islands, Chile, China, and Colombia. It specifies that the offering is not a public offering and outlines the legal and regulatory requirements for each jurisdiction.

key_locations:
Brazil
Brunei Darussalam
Canada
Cayman Islands
Chile
China
Colombia

key_organizations: Securities and Insurance Supervisory Authority of Chile


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP, governed by Colombian law. It outlines the legal framework and restrictions for offering the Interests in Colombia and the Dubai International Financial Centre (DIFC). The Interests are not registered with Colombian or DIFC authorities and are offered to a limited number of investors under specific conditions. The document emphasizes compliance with local laws and regulations and is intended for professional clients capable of making a minimum subscription of at least USD 50,000.

key_locations: Colombia Dubai

key_organizations: Financial Supervisory Authority of Colombia


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 is not approved by financial authorities in these regions and is intended for professional investors only. It emphasizes that the document does not constitute financial advice and that investors should rely on their own examination of the Fund.

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 the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal framework and restrictions for the solicitation and sale of interests in the fund in various jurisdictions including Japan, Kuwait, and Mexico. The memorandum specifies the conditions under which interests can be sold, the types of investors eligible to purchase interests, and the legal exemptions applicable under the Financial Instruments and Exchange Law (FIEL) in Japan. It also highlights the risks associated with the investment and the confidentiality requirements of the memorandum.

key_locations: Japan Kuwait Mexico

key_organizations: Credit Suisse Securities (Japan) Limited

key_organizations: Mexican Banking and Securities Commission

reference_numbers: Article 2, paragraph 2, item 6 of the FIEL

reference_numbers: Article 2, paragraph 3, item 3 of the FIEL

reference_numbers: Article 17-12, paragraph 1 of the Order for Enforcement of the Financial Instruments and Exchange Law


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal considerations and restrictions for offering and selling interests in various jurisdictions including Mexico, Monaco, New Zealand, and Oman. The document specifies that the interests must be offered in a private manner in Mexico, not intended for regulated offers in New Zealand, and not marketed or sold in Oman. It also includes disclaimers about the language and legal advice.

key_locations:
Mexico
Monaco
New Zealand
Oman

key_organizations:
Glendower Capital
DF Enterprises

reference_numbers:
Royal Decree 4174
Royal Decree 80/98
Decision No. 1/2UU9
Article 139 (f)


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 jurisdictions and are offered to institutional investors only. It also highlights the limitations and legal disclaimers associated with the offering in each region.

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

key_organizations: Qatar Financial Centre Regulatory Authority


document_description: The document is a Confidential 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 the respective financial authorities in these countries and highlights the legal requirements and risks involved for investors. It also details the roles of the representative and paying agent in Switzerland, as well as the distribution and retrocession fee arrangements.

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 information on 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

reference_numbers: SCA Board of Directors' Chairman Decision No. (9/R.M) of 2016

reference_numbers: Chairman of the SCA Board of Directors Decision No. 3/R.M. of 2017


document_description: This 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. securities laws and are offered only to qualifying recipients under specific exemptions. The document emphasizes the lack of obligation to register the Interests and the absence of a public market for them, highlighting the financial risks involved for investors.


document_description: This document is a privacy notice for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines how personal data of investors, both natural and non-natural persons, will be processed and shared by Glendower Capital LLP, the data controller. The notice details the types of personal data collected, the reasons for data processing, and the entities with whom data may be shared. It also informs investors of their rights regarding their personal data and the potential for data transfer outside the EEA.

key_locations:
United Kingdom
European Economic Area
United States of America
Cayman Islands

document_subtype: Privacy Notice


document_description: This document outlines the rights of individuals regarding their personal data in relation to Glendower Capital Secondary Opportunities Fund IV, LP. It details the rights to rectification, erasure, restriction of processing, and data portability. It also provides contact information for exercising these rights and mentions the UK Information Commissioner's Office as the supervisory authority.

key_locations: 16 Berkeley Street, London, W1J 8OZ, United Kingdom

key_organizations:
Glendower Capital LLP
UK Information Commissioner's Office


document_description: The document outlines the anti-money laundering considerations and obligations for the Glendower Capital Secondary Opportunities Fund IV, LP. It details the responsibilities of the Manager to verify the identity and source of funds of investors, comply with anti-money laundering legislation, and adhere to economic sanction regulations. The Manager may refuse subscriptions or block funds if suspicions of money laundering arise or if investors are subject to sanctions.

document_subtype: Anti-Money Laundering Policy


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 relevant to legal, ERISA, and tax considerations, as well as investment and fund management terms.

title: Appendix 4 Key Definitions

document_type: tabular

document_subtype: Appendix


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, DPI, ECI, Eligible Investors, ERISA, EU AIF, Exchange Act, FATCA, FCA, Feeder Fund, FFI, Final Admission Date, First Closing, FMV, foreign passthru payments, and FSMA.

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


document_description: This document provides detailed information about the Glendower Capital Secondary Opportunities Fund IV, LP, including definitions and descriptions of various terms related to the fund's structure, management, and investment strategies. It includes information about the fund's advisory committee, partnership agreements, investment interests, and management agreements.


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines various investment terms and definitions related to the fund, including investment periods, platforms, restrictions, and key persons involved.

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

key_organizations: Glendower IRS OECD


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund N, LP. It includes definitions and descriptions of various financial and legal terms related to the fund, such as PFICs, Push-Out Election, QEF, RVPI, and others. It also outlines the roles of different entities and partnerships involved in the fund, including the Second GP, SOF A, SOF B, SOF C, and others.

key_locations:
Cayman Islands
Scotland
England

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


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund N. LP. It includes details about subsequent closings, team investments, total value, and various legal and tax considerations related to the fund.

key_locations:
United States of America
United Kingdom


document_description: This document provides important performance information for the Glendower Capital Secondary Opportunities Fund IV, LP, including definitions and explanations of various financial metrics such as DPI, Gross IRR, Net IRR, and TVPI. It discusses the effects of leverage on IRR calculations and provides a benchmark analysis comparing the fund's performance to other private equity funds.

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


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It provides performance information prepared by Deutsche Alternative Asset Management (Global) Limited and relates to the SOF Funds and related transactions managed by the investment team while at Deutsche Bank. The document includes disclaimers about the accuracy and comparability of performance data, the impact of leverage, and the potential for significant variance in actual results due to economic and market conditions. It emphasizes that past performance is not indicative of future results.

key_organizations:
Glendower Capital
Deutsche Bank


document_description: A confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund N. LP, aiming to achieve comparable returns as outlined in the document.


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 - Appendix 6 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: The document proposes the board of directors for the General Partner of Glendower Capital Secondary Opportunities Fund IV, LP. It lists four individuals: Alan Turner, Andrew Johnson, Kirsten Le Pape, and Vanessa Barrett, detailing their qualifications and experience.

key_people:
Alan Turner
Andrew Johnson
Kirsten Le Pape
Vanessa Barrett

key_locations:
Cayman Islands
Bermuda
Ireland
UK
USA
Georgia
Virginia
Florida

document_subtype: Board of Directors Proposal

key_organizations: Cayman Islands Institute of Professional Accountants


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund N. LP, providing contact information for key individuals and organizations 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
Glendower Capital, LLP
Credit Suisse Asset Management Limited


document_description: The document contains a geometric pattern with two distinct shaded triangular areas, one solid black and the other light gray with vertical lines, meeting at a diagonal line and forming a larger triangular shape with white space in the top left.


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. 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 introduced by Deutsche Bank.

document_subtype: Disclosure Statement


document_description: A document marked as confidential under Federal Rule of Criminal Procedure 6(e).


document_description: This document is a Limited Partner Subscription Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P., marked as proprietary and confidential.

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

document_subtype: Limited Partner Subscription Agreement


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.

key_people:
Investor
General Partner

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

key_organizations: Glendower Access Secondary Opportunities IV GP LLC


document_description: The document outlines the terms and conditions under which an investor may commit funds to a partnership for investment into an underlying fund. It includes representations and warranties by the investor regarding their understanding of the investment materials, the opportunity to verify information, and the restrictions on transferring their investment. The document also discusses the discretion of the General Partner in committing funds and the potential financial implications for the Limited Partners.

document_subtype: investment agreement


document_description: This document outlines the terms and conditions for an investor purchasing an interest in a partnership. It includes representations and warranties by the investor, restrictions on transfer and resale of the interest, and the investor's status as an accredited investor and U.S. tax person. The document emphasizes the risks involved, including potential loss of investment and tax consequences.

document_subtype: Investment Agreement


document_description: This document outlines the representations, warranties, and acknowledgments made by the Investor in relation to their investment in a Partnership. It includes details on the Investor's qualified purchaser status, conflicts of interest, and additional risk factors associated with the investment.

key_organizations:
DF Enterprises
Partnership
General Partner
Investment Manager
Underlying Fund


document_description: This document outlines the terms and conditions for an investor's capital contribution to a partnership. It includes clauses on full contribution, exhibits, liquidity needs, investment objectives, securities laws, and regulatory matters related to the U.S. Commodity Futures Trading Commission (CFTC). The investor acknowledges understanding the risks, regulatory exemptions, and legal responsibilities associated with the investment.


document_description: This document outlines the terms and conditions for an investor entity participating in a partnership, ensuring compliance with the Securities Exchange Act of 1934 and Rule 506 of the Securities Act. It includes provisions for the investor's legal standing, authority, and obligations to notify the General Partner of any disqualifying events.


document_description: The document outlines the terms and conditions of an agreement between an investor and a partnership, including the investor's acknowledgments, knowledge, and experience in financial matters, and tax-related representations. It specifies that the investor has obtained necessary consents and authorizations, and includes representations to qualify the partnership for tax benefits under U.S. Treasury Regulations.

document_subtype: Partnership Agreement


document_description: This document outlines the terms and conditions related to the partnership interests and legal representations for investors in a partnership involving DF Enterprises. It specifies the tax status of the partnership, restrictions on transferring interests, and clarifies that Cleary Gottlieb and Maples and Calder represent the partnership and its affiliates, not the individual investors. It also includes a privacy notice regarding the handling of investors' financial information.

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 a partnership. It includes clauses on nominees and custodians, the final form of the agreement, restrictions on general solicitation, 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 compliance requirements for investors, prohibiting involvement with sanctioned parties, non-cooperative jurisdictions, senior foreign political figures, and foreign shell banks. It ensures that investments are not derived from prohibited activities or entities.

key_locations:
United States
UK

document_subtype: legal compliance document

key_organizations:
DF Enterprises
Financial Action Task Force
Financial Crimes Enforcement Network
U.S. Treasury Department


document_description: The document outlines the legal obligations and representations of an investor in a partnership, focusing on compliance with anti-money laundering laws and sanctions. It specifies that the investor's funds must not be derived from illegal activities and that the investor must comply with U.S. and UK laws. The investor is required to inform the General Partner of any inaccuracies in their representations and provide additional information if needed. The document also allows the General Partner to take actions to ensure compliance with applicable laws.

document_subtype: Subscription Agreement


document_description: This document outlines confidentiality and disclosure obligations for investors in a partnership, including definitions of Non-Public Information and conditions under which it can be disclosed. It also addresses the Freedom of Information Act (FOIA) and its implications for investors.

key_organizations:
DF Enterprises
General Partner
Investment Manager
Underlying Fund


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_description: The document outlines the terms of a Partnership Agreement involving DF Enterprises and iCapital Securities, LLC. It specifies the roles and responsibilities of the General Partner and the Investor, emphasizing the Investor's responsibility to exercise independent judgment and not rely on advice from the Partnership or its affiliates. The document also highlights the need for the Investor to understand the investment risks and the financial interests of iCapital and its affiliates.

key_people:
General Partner
Investor
Investor Fiduciary

key_organizations:
DF Enterprises
iCapital Securities, LLC


document_description: This document outlines the terms and conditions of an investment management agreement involving DF Enterprises and iCapital. It includes details about the responsibilities and acknowledgments of the Investor and the Investor Fiduciary, the risks and fees associated with the investment, and the legal compliance required for the execution of the agreement.

key_organizations:
DF Enterprises
iCapital


document_description: This document outlines the fiduciary responsibilities and conditions under which an Investor Fiduciary can make a proposed purchase of an Interest, ensuring compliance with ERISA and the Code. It specifies the independence of the Investor Fiduciary from iCapital and its Affiliates, the discretionary authority to make purchases, and the identification of plan assets. It also addresses the permissibility of the purchase under governing documents and the consideration of diversification requirements. Additionally, it discusses exemptions from prohibited transaction rules and conditions for employee benefit plans and individual retirement accounts.

key_organizations:
iCapital
Department of Labor

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


document_description: This document outlines the terms and conditions for investors acquiring interests in a partnership, including provisions for individual retirement accounts, insurance company general accounts, and non-U.S. employee benefit plans. It includes representations and covenants by investors regarding compliance with ERISA and other regulations.


document_description: This document outlines the terms and conditions related to the closing and capital contributions for the purchase of an interest in a partnership. It includes agreements with other limited partners, representations and warranties of the partnership and the general partner, and details about the organization and standing of the partnership under the Delaware Revised Uniform Limited Partnership Act.

key_people:
General Partner
Investor


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 the conditions under which the subscription for an interest in the partnership may be reduced or rejected. It also mentions the expenses related to the agreement and the conditions for amendments.


document_description: This document outlines the terms and conditions of an investment agreement between an Investor and a Partnership, including representations, additional investor information, indemnity clauses, and procedures for capital contributions and distributions. It emphasizes the Investor's obligation to provide accurate information and comply with regulatory requirements.

key_organizations:
DF Enterprises
Partnership
General Partner
Investment Manager


document_description: The document outlines the responsibilities and agreements of an investor in a partnership, including the provision of withholding forms and additional information for tax compliance, consent to receive electronic Schedule K-1 forms, and the implications of failing to provide necessary tax documentation.


document_description: This document outlines the terms and conditions of a partnership agreement, including the process for investors to withdraw consent, update contact information, and confirm consent electronically. It also details the requirements for accessing and printing Schedule K-1, the binding nature of the agreement, and jurisdictional matters.

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

key_organizations:
DF Enterprises
iCapital Network


document_description: This document is a fee acknowledgement form related to a private placement investment. It includes sections for acknowledging receipt of fee information, upfront placement fee details, and an investor signature page for agreement execution. The document is proprietary and confidential.

title: Fee Acknowledgement and Investor Signature Page

document_subtype: Fee Acknowledgement


document_description: A document labeled as proprietary and confidential, with references to federal rules and specific identifiers.


document_description: This document is an investment form for prospective investors to complete, indicating whether they are investing as an individual or an entity. It requires personal or entity information such as type, residence for tax purposes, and contact details. 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 appears to be a form or questionnaire related to employment and tax information, possibly for an investor or partner agreement. It includes fields for employment status, tax year end, employer, and occupation, but these fields are empty. It also references a 'FOIA Partner' with a checkbox option and mentions a section of an agreement for the definition of this term. The document is marked as proprietary and confidential.


document_description: This document is a signature page for the General Partner of a partnership, accepting a subscription for an amount of interest either specified or the entire requested amount by the Limited Partner. The document is marked as proprietary and confidential.

title: General Partner Signature Page


document_description: Wire instructions for initial capital contribution and distributions for DF Enterprises partnership. Includes fields for beneficiary and intermediary bank details, as well as source of funds options.

document_subtype: wire instructions


document_description: A form for investors to provide contact information for their financial advisor and additional individuals to receive correspondence related to their investment in the Partnership.

document_subtype: investment communication


document_description: The document appears to be a confidential and proprietary document related to DF Enterprises, with placeholders for names, relationships, emails, and phone numbers. It includes confidentiality notices and reference numbers.


document_description: This document is an investor status form for individuals, requiring them to disclose their net worth, income levels for 2016 and 2017, and investment holdings. It is part of Exhibit B for DF Enterprises.

document_subtype: Investor Status Form


document_description: This document is an investment questionnaire for DF Enterprises, asking investors to disclose if they are investing assets from retirement or employee benefit plans subject to Section 4975 of the Internal Revenue Code. It also inquires about the percentage of such assets and whether the investor is subject to other laws that could affect the partnership's asset treatment.

document_subtype: investment questionnaire


document_description: This document is an exhibit for entities such as partnerships, trusts, and corporations to declare their accredited investor status. It outlines various categories under which an entity can qualify as an accredited investor according to the Securities Act and related regulations.

title: Exhibit C - Accredited Investor Status

document_subtype: Accredited Investor Status Form


document_description: The document outlines criteria for entities to qualify as Accredited Investors under the Employee Retirement Income Security Act of 1974, focusing on employee benefit plans with assets exceeding $5,000,000 and entities where all equity owners are Accredited Investors.

document_subtype: investment document


document_description: This document outlines the criteria under which an investor is considered a 'qualified purchaser' under the Investment Company Act. It provides specific conditions that must be met by entities such as companies, partnerships, or trusts to qualify as investors. The document is intended for entities and not individual investors.

title: Exhibit D - Investment Company Act Representations

document_subtype: Investment Company Act Representations


document_description: This document is an investment questionnaire for DF Enterprises, assessing the status of the 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_description: This document is an investment questionnaire for DF Enterprises, assessing the investor's commitment and regulatory status. It includes questions about the investor's asset allocation, ultimate beneficiaries, and whether the investor or beneficiaries are publicly traded or regulated entities.


document_description: This document outlines representations and warranties applicable to 'Plan Investors' under ERISA and the Internal Revenue Code. It includes a checklist for investors to confirm their status as employee benefit plans, governmental plans, or church plans, and their compliance with relevant legal definitions and requirements.

title: Plan Investor Representations

document_subtype: Exhibit


document_description: This document is an investment agreement exhibit related to employee benefit plans organized outside the United States. It includes representations and warranties by the investor regarding the independence of fiduciaries making investment decisions, the lack of discretionary authority by the General Partner or Administrator, and compliance with governing instruments and laws.


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 by the Consumer Financial Protection Bureau. 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.

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. and its investment strategy into the Glendower Capital Secondary Opportunities Fund IV L.P. It includes details on fund structure, management fees, capital calls, and reporting requirements 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

key_locations: Delaware English

document_subtype: Investment Fund Terms

key_organizations:
iCapital Network
Glendower Capital


document_description: The document provides information about the Glendower Access Secondary Opportunities IV (U.S.), LP, and its relationship with the Underlying Fund, Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the fee structure, investment risks, and terms for investors, including the role of DBSI as a placement agent and the potential for fee waivers. The document emphasizes the confidentiality of the information and the risks associated with investing in the Access Fund.

document_subtype: Investment Fund Information

key_organizations:
GEOUS129 DF Enterprises
Glendower Capital
iCapital Advisors
DBSI


document_description: The document provides important information about the Glendower Access Secondary Opportunities IV (U.S.), L.P. and its associated Access Fund. It highlights the potential risks and lower returns for investors in the Access Fund compared to direct investment in the Underlying Fund due to additional fees and expenses. It also outlines the speculative nature and high risks of alternative investments, including lack of liquidity, volatility, and complex tax structures. The document clarifies that purchasers of interests in the Access Fund will not have direct interests or voting rights in the Underlying Fund.

document_subtype: investment information


document_description: The document outlines the offering of Glendower Capital Secondary Opportunities Fund IV, a private equity secondary fund. It details the fund's strategy, track record, and key terms, targeting US$1.75 billion in commitments.

title: Glendower Capital Secondary Opportunities Fund IV Offering

key_people:
Cario Pirzio-Biroli
Charles Smith
Joshua C. Glaser

key_locations:
London
New York

document_subtype: Investment Offering

key_organizations:
Glendower Capital
Deutsche Asset Management


document_description: Glendower Capital SOF IV, LP outlines its distinctive investment strategy focusing on Fund Secondaries, GP-led Secondaries, and Single Asset Deals, primarily in the US and Europe. The strategy involves an opportunistic barbell approach, adjusting to market cycles. The document details key information on deal identification, value approach, margin of safety, and portfolio construction. It also highlights the experience of the investment team.

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

document_subtype: investment strategy document

key_organizations:
Glendower Capital
Deutsche Bank
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 endnotes and key definitions related to the Glendower Capital Secondary Opportunities Fund IV, L.P. It includes performance figures, fund structures, and investment strategies as of September 30, 2017. The document emphasizes the unaudited performance results of various funds and provides a comparison against benchmarks. It also outlines the terms and conditions for prospective investors.

title: Glendower Capital Secondary Opportunities Fund IV, L.P. Endnotes

key_people:
Glendower Capital LLP
Mirabella Advisers LLP

key_locations:
United Kingdom
North America
Europe
Asia

document_subtype: investment fund document

key_organizations:
Glendower Capital
Mirabella Advisers LLP
Cambridge Associates


document_description: This confidential presentation by Glendower Capital, LLP provides summary information about existing and future funds managed by Glendower, specifically the Glendower Capital Secondary Opportunities Fund IV, LP. It is intended for a limited number of sophisticated recipients and emphasizes the confidentiality and non-reliance of the information for investment decisions. The presentation outlines potential risks, conflicts of interest, and the need for recipients to consult their own advisors. It also clarifies that the presentation is not an offer to sell or a solicitation to buy any security.

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


document_description: This document is a confidential presentation from Glendower Capital SOF IV, L.P. It contains forward-looking statements, investment performance information, and details about the Glendower SOF Team's track record. The document emphasizes that the information should not be relied upon for investment decisions and highlights the risks and lack of liquidity associated with investing in the Fund. It also provides details on the team's history with Deutsche Bank and the transition to Glendower Capital.

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

key_organizations: Deutsche Alternative Asset Management (Global) Limited


document_description: This document contains legal disclaimers for the distribution of a presentation related to Glendower Capital SOF IV, LP. It outlines the legal restrictions and requirements for distributing the presentation in various jurisdictions, including the EEA, UK, Australia, Bahrain, Brazil, Brunei, Canada, Chile, and China. The document specifies the conditions under which the presentation can be shared and the legal implications of doing so without proper authorization.

key_locations:
European Economic Area
United Kingdom
Australia
Bahrain
Brazil
Brunei
Canada
Chile
China

document_subtype: legal disclaimer

key_organizations:
Glendower Capital
Credit Suisse Group
Central Bank of Bahrain
Brazilian Securities Commission
Autoriti Monetari Brunel Darussalam
Registrar of Companies
Superintendencia de Valores y Seguros
People's Republic of China Government


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.

title: Glendower Capital SOF IV, L.P. Legal Disclaimers

document_date: unknown

key_locations:
Colombia
France
Guernsey
Haiti
Hong Kong
Israel
Japan

key_organizations: Securities and Futures Commission of Hong Kong

key_organizations: Credit Suisse Securities (Japan) Limited


document_description: This document contains legal disclaimers for various countries regarding the distribution and offering of securities and financial products. It specifies the legal limitations and requirements for offering such products in Malaysia, Mexico, Monaco, New Zealand, Oman, Qatar, Saudi Arabia, Singapore, South Korea, and Switzerland. The document emphasizes that it is not an offer or solicitation for investment and outlines the legal framework and restrictions applicable in each jurisdiction.

key_locations:
Malaysia
Mexico
Monaco
New Zealand
Sultanate of Oman
Qatar
Saudi Arabia
Singapore
South Korea
Switzerland

key_organizations: National Banking and Securities Commission

key_organizations: Commission de Controle des Activités Financières

reference_numbers:
Law n° 1.144 of July 26, 1991
Law 1.338 of September 7, 2007


document_description: This document contains legal disclaimers for the Glendower Capital SOF IV, L.P. fund offering, specifying that it does not constitute an offer or solicitation in St. Kitts and Nevis, UAE, or the USA. It outlines the lack of registration with regulatory authorities in these regions and emphasizes the risks involved in investing, including the potential loss of the entire investment. The document also highlights restrictions on transferability and resale of interests in the fund.

key_locations:
St. Kitts and Nevis
UAE
Abu Dhabi
Dubai
United States of America

key_organizations: Financial Services Regulatory Commission


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

document_subtype: Supplemental Disclosure

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


document_description: This document is a confidential investment overview for Glendower Access Secondary Opportunities IV (U.S.), L.P., intended for investment professionals and qualified investors.

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

document_date: April 2018

document_subtype: investment overview


document_description: This document is a presentation for informational and discussion purposes regarding Glendower Capital Secondary Opportunities Fund IV, LP and Glendower Access Secondary Opportunities IV (U.S.), L.P. It is not legal, tax, or investment advice and should not be relied upon as such. The presentation emphasizes the high-risk nature of the investment, potential conflicts of interest, and the importance of consulting the Offering Memorandum for detailed information. It also highlights that past performance is not indicative of future results.

document_subtype: presentation

key_organizations:
Glendower Capital
DF Enterprises
iCapital Network


document_description: The document provides important information about the Access Fund, highlighting the risks and characteristics of alternative investments. It emphasizes that historical returns do not include fees and expenses, and benchmarks are for illustrative purposes only. The document outlines the risks associated with alternative investments, including potential loss, lack of liquidity, volatility, and higher fees. It also clarifies the relationship between purchasers of interests and the Access Fund, stating that purchasers will not have direct interests or voting rights in the Underlying Fund.

key_organizations:
DF Enterprises
iCapital Advisors, LLC
Institutional Capital Network, Inc.
U.S. Securities and Exchange Commission


document_description: This document outlines the risks associated with investing in private equity funds, including limited regulatory oversight, portfolio concentration, strategy risk, use of leverage, valuation issues, performance uncertainty, limited liquidity, tax risks, fees and expenses, and reliance on fund managers. It emphasizes the importance of due diligence in evaluating private equity fund managers.

document_subtype: disclosure document

key_organizations:
DF Enterprises
Securities and Exchange Commission
iCapital Network


document_description: This document provides a summary of the 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: Glendower Access Secondary Opportunities IV GP, LLC

document_subtype: financial summary

key_organizations:
Glendower Capital
iCapital Advisors, LLC
Debevoise & Plimpton LLP
Cleary Gottlieb Steen & Hamilton LLP


document_description: Summary of key terms for investors in the Access Fund, detailing fees, expenses, and performance compensation. It includes information on the final admission date, placement fee waivers, management fee distribution, calculation basis for capital commitment and invested capital, and options for direct investment into the Underlying Fund. DBSI's role as placement agent and related fees are also mentioned.

document_subtype: summary

key_organizations:
DF Enterprises
DBSI
iCapital Advisors
Glendower Capital, LLP


document_description: This document pertains to the Glendower Capital Secondary Opportunities Fund IV, LP for the second quarter of 2018, intended for accredited investors and qualified purchasers only. It is marked as strictly confidential and is related to financial opportunities.

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


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 of potential investment. The presentation is strictly confidential and not an offer to sell or solicit investment. Recipients are advised to consult their own legal, business, and tax advisers.

title: Glendower Capital Secondary Opportunities Fund IV, LP Presentation


document_description: The document provides an overview of secondary private equity investments, explaining their nature, how they differ from primary private equity investments, and the development of the secondary private equity market. It also outlines the types of transactions involved in the secondary market, such as the sale and purchase of Limited Partner interests and direct PE investments.

document_subtype: memo

key_organizations:
DF Enterprises
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_description: The slide provides an analysis of the secondary private equity market, highlighting the strong market conditions with a deal volume of US$58 billion in 2017. It discusses stable pricing, the growth of GP-led deals, and the steady supply of tail-end funds. The slide is part of a presentation by Glendower Capital, focusing on the secondary market update.

title: Why invest in secondary private equity today?

document_subtype: presentation slide


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. It is marked as strictly confidential and is related to Glendower Capital.

title: Glendower Capital Document

key_organizations:
Glendower Capital
DF Enterprises


document_description: Glendower Capital is an independent investment team active in the secondary market since 2003, having spun off from Deutsche Bank in 2017. The team manages US$3 billion in client assets and operates from London and New York. The team has a history of raising significant funds and has developed extensive operational processes and relationships.

title: Glendower Capital Overview

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

key_organizations:
Glendower Capital
Deutsche Bank


document_description: This document provides an overview of the core members of the Glendower Capital Team, detailing their roles, locations, years of experience, and educational backgrounds. It includes information about managing partners, partners, directors, and other key positions within the organization.

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
Helena Turley
Louise Schoeman
Katherine Weaver
Maxine Turner
Maria Gianoli-Franklin

document_subtype: organizational chart

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 dollar values.

title: SOF Funds Performance as of September 30, 2017

document_subtype: financial report


document_description: The document provides a performance comparison of SOF, SOF D, SOF II, and SOF III funds against the Cambridge Associates Global Buyout Benchmark as of September 30, 2017. It includes metrics such as TVPI, DPI, and Net IRR for various vintage years, highlighting the funds' performance relative to top-quartile benchmarks.

title: SOF Funds Performance Report

document_subtype: financial performance report

key_organizations:
DF Enterprises
Cambridge Associates
Glenclover SOF Team
Glendower Capital


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_description: The document provides a performance overview of SOF, SOF II, and SOF III funds, showing consistent performance across different fund sizes, vintages, and economic cycles. It includes metrics such as Net Contributed Capital, Net IRR, DPI, and TVPI over various quarters from inception. The performance figures are based on unaudited results as of September 30, 2017.

title: SOF Funds Performance Overview


document_description: This document contains an introduction, Glendower Investment Strategy, Secondary Market Update, SOF III and IV Update, and Glendower Capital Secondary Opportunities Fund IV Key Terms. It is marked as strictly confidential and is related to Glendower Capital.

title: GLDUS129 DF Enterprises


document_description: The document provides an analysis of secondary funds raised or in fundraising from 1996 to 2018, categorized by strategy and fund size. It includes a table with categories L, M, and S, detailing their strategies, fund sizes, and number of players. The document also includes a legend explaining the representation of fund sizes with different colored circles.

title: Glendower Capital Market Segmentation Analysis

document_subtype: investment analysis


document_description: Glendower has a distinctive investment strategy focusing on disciplined bottom-up underwriting of attractive assets managed by quality managers. The strategy includes sourcing less competitive deals globally, pursuing a selective true value approach, buying margin of safety, and focusing on efficient portfolio construction. The document provides details on average deal sizes, transaction percentages, and risk mitigation strategies.

title: Glendower Investment Strategy


document_description: The document outlines a disciplined barbell approach by DF Enterprises, focusing on 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 strategies. The document also provides market estimates and performance figures for Glendower Capital's transactions as of September 30, 2017.

title: Disciplined Barbell Approach Adjusted to Market Cycles


document_description: The document discusses GP-led transactions and their evolution over the years, highlighting the advantages they offer over traditional LP interest acquisitions. It mentions Glendower Capital's active role in this space since 2007 and their track record in such transactions. The document also outlines the due diligence process and the bespoke design of new funds to align interests between the GP and Glendower.


document_description: The document outlines the rigorous sourcing and deal selection process of DF Enterprises, highlighting their extensive industry network, significant buy & sell side experience, and disciplined underwriting approach. It includes data on transactions and potential deals screened since 2007.

title: GLDUS129 DF Enterprises Investment Summary

document_subtype: investment summary

key_organizations:
DF Enterprises
DB Wealth Management
Raymond James
Alex Brown
Glendower Capital


document_description: The document provides illustrative case studies of fund secondaries transactions by DF Enterprises. It includes details on various projects/funds, deal sizes, discounts, regions, sellers, and descriptions of the transactions. The document highlights proprietary deals, liquidity solutions, and globally diversified portfolios managed by major firms like CD&R, Apollo, Carlyle, KKR, and others.

title: Fund Secondaries transactions

document_subtype: Illustrative case studies

key_organizations:
DF Enterprises
CD&R
Apollo
Carlyle
KKR
Apax
MidOcean
MSREF
CDH
Affinity
Calera
CVC
Blackstone
Bridgepoint


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

document_subtype: case studies


document_description: The document provides an analysis of secondary market volumes from 2006 to 2018, highlighting that the market is evolving with GP-led transactions now representing 25% of the volume. The forecast for 2018 is over US$60 billion.

title: Secondary Market Volume Analysis

document_subtype: market analysis

key_organizations:
Glendower Capital
Greenhill GP Solutions
Dow Jones Private Equity Analyst


document_description: The document provides an analysis of the secondary market driven by global private equity (PE) market growth, highlighting the increase in total PE assets to US$2.8 trillion. It includes tables showing unrealized portfolio values, dry powder, and total PE assets from 2007 to 2017, as well as annual secondary volumes as a percentage of total PE assets.


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 bubble period in 2006-2007. It includes a table showing secondary market volume and pricing 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 specific figures for dry powder and annual deal volume. It includes estimates from Glendower Capital and references to secondary pricing trends and analysis reports.

key_organizations:
Glendower Capital
Greenhill
Bain & Company


document_description: The document provides an analysis of unrealized private equity value in pre-crisis vintages and a breakdown of seller composition. It highlights significant unrealized value in tail-end funds and diverse seller composition, with a total unrealized PE value of US$600bn in pre-crisis vintages. The data is sourced from the 2017 Preqin Global Private Equity & Venture Capital Report and Greenhill Secondary Market Trends & Outlook, January 2018.

title: Private Equity Value and Seller Composition

key_organizations:
DF Enterprises
Glendower Capital
Preqin
Greenhill


document_description: The document provides an analysis of GP-led transactions in the secondary market, highlighting their growth as a source of supply and their increasing share of the market. It includes a table showing the annual volume and market share of GP-led secondaries from 2006 to 2017.

title: GP-led Transactions in the Secondary Market

key_organizations:
Glendower Capital
Greenhill Secondary Market
Dow Jones Private Equity Analyst


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 financial overview of the SOF Ill Portfolio as of September 30, 2017, including gross invested capital breakdown, sector composition, asset geography, investment strategy, and vintage year distribution. It highlights the fund size, capital called, distributions, remaining NAV, and total net return. The document also details the regional and sectoral allocation of investments.

title: SOF Ill Portfolio - Highlights


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

title: SOF Ill Portfolio - Sponsor exposure

document_subtype: investment portfolio

key_organizations:
DF Enterprises
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
TURKVEN
UNLU & Co
SMITHFIELD
TCV
Zurmont Madison
octopus ventures
AUGENS
Amadeus Capital Partners
Palamon Capital Partners
Glendower Capital


document_description: This document outlines the investment details for Project Sunrise, a GP-led secondary deal expected to close in April 2018. The investment involves mid-market motivated investments with a focus on providing liquidity to LPs. The portfolio includes franchisees of a well-known dining brand, a Tex-Mex casual dining brand, a leading burger QSR, and a fitness brand franchisee. The strategy is a mid-market buyout in the US consumer industry, with a conservative capital structure and strong free cash flow.

title: SOF IV - Project Sunrise

document_subtype: Investment Summary


document_description: This document outlines an exclusive GP-led secondary deal for Project Klein, expected to close in June 2018. The deal involves a mid-market buyout strategy focusing on business services and healthcare services in Europe/UK. Key investment data includes an invested capital of €60-100m, a discount to NAV of over 5%, and a gross multiple of 1.1x. The portfolio consists of four companies, including a UK premium distributor and a network of UK medical and cosmetics clinics. Glendower Capital is leading the transaction with a focus on leveraging their track record in complex transactions and performing extensive diligence.

title: SOF IV — Project Klein

key_locations: Europe UK


document_description: This document contains information about Glendower Capital's investment strategy, secondary market updates, and key terms for the Secondary Opportunities Fund IV.

title: Glendower Capital Document


document_description: 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.

title: SOF IV - Master Fund Key Terms

document_subtype: investment fund terms


document_description: The document is a scorecard for SOF IV, evaluating key ILPA 2 principles such as alignment of interest, governance, and transparency. It includes best practices and provisions favorable to limited partners (LPs).

title: SOF IV – ILPA 2 scorecard

document_subtype: scorecard

key_organizations: Institutional Limited Partner Association


document_description: This document contains an introduction, Glendower investment strategy, secondary market update, updates on SOF III and IV, and key terms for Glendower Capital Secondary Opportunities Fund IV. It is marked as confidential and is related to Glendower Capital.

title: Glendower Capital Document


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

title: GLDUS129 DF Enterprises Team Bios

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

document_subtype: team bios

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


document_description: The document provides biographies of key team members at DF Enterprises, including their roles, previous experience, and educational background.

key_people:
Deirdre Davies
Joshua Glaser
Emilio Olmos
Francesco Rigamonti

key_locations:
London
New York
Southern Europe
Middle East
Asia
Milan

document_subtype: Team Bios

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


document_description: The document provides biographies of key team members at GLDUS129 DF Enterprises, highlighting their roles, previous experience, and educational background. The team includes Rikesh Mohandoss, Devrup Banerjee, Aldrich Chan, and Philippe Ferneini, all of whom have significant experience in finance and investment banking, with previous positions at Deutsche Bank, Goldman Sachs, UBS, Credit Suisse, and Booz & Company. They hold degrees from prestigious institutions such as Columbia Business School, Oxford University, New York University's Stern School of Business, and the University of Chicago Booth School of Business.

key_people:
Rikesh Mohandoss
Devrup Banerjee
Aldrich Chan
Philippe Ferneini

key_locations:
New York
London

key_organizations:
GLDUS129 DF Enterprises
Deutsche Bank
Bank of America
Freddie Mac
Goldman Sachs
UBS
Credit Suisse
Booz & Company
Glendower Capital


document_description: The document provides biographies of team members at GLDUS129 DF Enterprises, detailing their roles, previous experience, and educational background. The team includes Victoria Loidl, Elena Smirnova, Jonathan Roome, and Douglas O'Connell, all of whom have experience in Deutsche Bank and other financial institutions. The document highlights their responsibilities in secondary investments and their educational qualifications from prestigious institutions.

title: Team Bios

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

key_organizations: Carnegie Mellon's Tepper School of Business


document_description: Team bios for members of DF Enterprises, including Rafael Enriquez-Hesles, Sheldon Lee, Katherine Weaver, and Louise Schoeman, detailing their roles, previous experience, and educational background.

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

key_locations: Ecole Nationale Supérieure des Mines de Nancy

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


document_description: This document provides a summary of the investor base for SOF III, including key information about the fund size, investor regions, types, and sizes of individual commitments.

title: SOF III Investor Base Summary

key_organizations:
DF Enterprises
Deutsche Bank
Glendower Capital


document_description: This document provides a detailed transaction summary for GLDUS129 DF Enterprises SOF III as of September 30, 2017. It includes information on various projects, their sourcing, seller type, deal type, funds, invested and funded capital, initial closing, gross multiple, and portfolio details.

title: Overall transaction summary as of September 30, 2017

document_subtype: transaction summary


document_description: The document provides a breakdown of the gross invested capital for SOF II as of September 30, 2017. It includes details on fund size, capital called, distributions, remaining NAV, and total net return. The asset geography and investment strategy are also outlined, along with sector composition and vintage year distribution.

title: SOF II — Portfolio construction

key_organizations:
DF Enterprises
Glendower Capital


document_description: This document provides a summary of various financial transactions managed by DF Enterprises under SOF II as of September 30, 2017. It includes details on project names, sourcing, seller types, deal types, funds, companies involved, invested and funded capital, initial closing dates, gross multiples, and portfolio details.

document_subtype: financial summary


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

title: Remaining portfolio construction by FMV1 as of September 30, 2017


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


document_description: This confidential presentation by Glendower Capital, LLP provides summary information about existing and future funds managed by Glendower, specifically the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the risks, investment conditions, and potential conflicts of interest related to the fund. The presentation is not an offer to sell or a solicitation to buy any security and emphasizes the importance of consulting the offering documents for detailed information.

document_subtype: confidential presentation

key_organizations:
Glendower Capital, LLP
Credit Suisse Asset Management Limited


document_description: This document is a presentation by Glendower Capital regarding a fund's investment strategy, performance expectations, and associated risks. It emphasizes that past performance is not indicative of future results and that the fund's strategy and economic conditions may differ from historical precedents. The presentation includes disclaimers about the reliability of forward-looking statements and the responsibility of Glendower and its affiliates. It also notes that the presentation does not constitute legal or investment advice and that participation in the fund may be restricted by law in certain jurisdictions.

document_subtype: investment presentation

key_organizations:
Glendower Capital
Credit Suisse


document_description: This document provides key definitions related to investment terms and fund structures used by GLDUS129 DF Enterprises. It includes definitions for terms such as 'Single Asset Deal', 'Fund Secondary', 'GP-led Secondary', and various fund names like 'SOF', 'SOF D', 'SOF II', and 'SOF III'. It also defines financial indices like the 'Russell 2000 Index', 'MSCI World Index', and 'Thomson Reuters Private Equity Buyout Index'.

document_subtype: memo

key_organizations:
GLDUS129 DF Enterprises
DB Secondary Opportunities Fund
FTSE Russell
London Stock Exchange Group
Thomson Reuters


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 establish Glendower Capital LLP. It discusses the investment performance and track record of the SOF Funds, including the involvement of key team members and the calculation of investment returns. The document also covers valuations of unrealized investments and target returns, emphasizing that these are based on assumptions and are not guaranteed.

title: Notes to Investment Performance

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

document_subtype: notes

key_organizations: Deutsche Alternative Asset Management (Global) Limited


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

key_locations:
European Economic Area
Australia
Bahrain
Brazil

key_organizations:
DF Enterprises
Credit Suisse Group
Credit Suisse AG
Central Bank of Bahrain
Brazilian Securities Commission


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

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

document_subtype: presentation

key_organizations:
DF Enterprises
Autoriti Monetari Brunei Darussalam
Registrar of Companies
Superintendencia de Valores y Seguros
Guernsey Financial Services Commission
States of Guernsey Policy Council
Superintendence of Finance of Colombia


document_description: The document provides information regarding the distribution and offering of investment products in Hong Kong and Israel. It outlines the legal restrictions and requirements for offering securities in these jurisdictions, emphasizing that the presentation is not approved by the respective securities authorities and is intended for 'professional' or 'sophisticated' investors only. It also highlights the need for investors to seek competent investment counseling and confirms that the presentation does not constitute an offer to sell or buy securities unlawfully.

title: Important Information for Recipients in Certain Jurisdictions

key_locations:
Hong Kong
Israel
Tel-Aviv

document_subtype: information memorandum

key_organizations:
Securities and Futures Ordinance
Companies Ordinance
Israel Securities Authority
Joint Investment Trusts Law
Glendower Capital


document_description: This document provides important information for recipients in certain jurisdictions regarding the offering and sale of securities. It outlines the legal restrictions and requirements for offering securities in Japan, Malaysia, Mexico, Monaco, New Zealand, and the Sultanate of Oman. The document emphasizes compliance with local laws and regulations and specifies the entities authorized to distribute the information in each jurisdiction.

key_locations:
Japan
Malaysia
Mexico
Monaco
New Zealand
Sultanate of Oman

document_subtype: legal notice

key_organizations: Credit Suisse Securities (Japan) Limited

key_organizations: Type II Financial Instruments Firms Association

key_organizations: National Banking and Securities Commission

key_organizations: Commission de Contrôle des Activités Financières

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


document_description: This document provides important information for recipients in various jurisdictions regarding the offering of interests in a fund by DF Enterprises. It outlines specific conditions and disclaimers for recipients in Qatar, Saudi Arabia, Singapore, South Korea, and Switzerland. The document emphasizes that the fund is not registered with local authorities in these jurisdictions and highlights the risks and legal considerations involved in investing in private equity.

key_locations:
Qatar
Saudi Arabia
Singapore
South Korea
Switzerland
Geneva

document_subtype: promotional document

key_organizations:
DF Enterprises
Qatar Central Bank
Capital Market Authority
Monetary Authority of Singapore
Financial Services Commission
Credit Suisse
Hugo Fund Services SA
Banque Cantonale de Genève
Glendower Capital


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

key_locations:
St. Kitts and Nevis
UAE
Abu Dhabi
Dubai
United States


document_description: Supplemental disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas regarding investment risks and disclaimers for a fund. It emphasizes the need for independent assessment of transactions and clarifies that securities are not insured or guaranteed by Deutsche Bank or its affiliates. The document also mentions potential compensation arrangements and authorizes disclosure of transaction structure and tax aspects.

document_subtype: disclosure

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


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

title: Letter of Authorization for Fund Investment

document_subtype: Letter of Authorization

key_organizations:
Deutsche Bank
iCapital Advisors, LLC
iCapital Parties


document_description: Authorization form for Deutsche Bank to provide information and transfer funds related to an investment in Glendower Access Secondary Opportunities IV (U.S.), L.P. The form includes permissions for Deutsche Bank to share information with iCapital Parties and to manage fund-related transactions.

document_subtype: authorization form


document_description: A financial document related to DF Enterprises with placeholders for placement fee, initial capital contribution amount, and Deutsche Bank account number, all of which are empty.

document_subtype: financial record

key_organizations:
DF Enterprises
Deutsche Bank


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 Deutsche Bank Securities Inc.'s role as Placement Agent and related compensation and fees. The supplement modifies the Memorandum where inconsistent and maintains confidentiality requirements.

document_subtype: Supplement to Private Placement Memorandum

key_organizations: Glendower Capital Secondary Opportunities Fund IV, LP


document_description: Amendment to the Summary of Principal Terms of the Access Fund, detailing the Servicing Fee arrangement with Deutsche Bank Securities Inc. as a Placement Agent. The Servicing Fee is structured based on the subscription amount of DB Introduced Persons and varies during and after the investment period of the Underlying Fund.

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

document_subtype: Memorandum Amendment

key_organizations:
DF Enterprises
Deutsche Bank Securities Inc.


document_description: The document outlines the placement fee structure for Deutsche Bank (DB) in relation to the Access Fund and Underlying Fund. It details the DB Placement Fee rates based on investment levels and the Direct Investor Placement Fees for clients investing directly in the Underlying Fund. It also mentions risk factors and potential conflicts of interest for DB Introduced Persons.

document_subtype: Fee Schedule

key_organizations:
Deutsche Bank
Glendower GP
Glendower Capital, LLC


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. It details the DB Placement Fee, Servicing Fee, and other fees associated with DB Introduced Persons and direct investors in the Underlying Fund. The document also discusses potential conflicts of interest due to fee structures.

document_subtype: Investment Agreement

key_organizations:
Deutsche Bank
Access Funds
Glendower GP


document_description: DBSI reached a settlement agreement with the SEC, NASD, NYSE, and the New York Attorney General, among others, related to research analyst independence and auction rate securities.

document_subtype: settlement agreement

key_organizations: National Association of Securities Dealers


document_description: Certificate of Existence issued by the Office of the Lieutenant Governor of the Virgin Islands for Southern Financial, LLC, confirming its organization and good standing as of June 25, 2013.

title: Certificate of Existence for Southern Financial, LLC

document_type: government

key_locations: Charlotte Amalie, St. Thomas, Virgin Islands

document_subtype: Certificate of Existence


document_description: Certification of Good Standing for Southern Trust Company, Inc., formerly known as Financial Informatics, Inc., confirming its incorporation and authorization to conduct business in the Virgin Islands.

key_locations:
Virgin Islands
Charlotte Amalie
Christiansted

document_subtype: Certification of Good Standing

key_organizations: Office of the Lieutenant Governor, Virgin Islands


document_description: Instructions for completing Form W-9, including certification of TIN, backup withholding, FATCA reporting, and penalties for non-compliance. It provides definitions for U.S. persons and special rules for partnerships, as well as guidance for foreign persons and nonresident aliens.

title: Form W-9 Instructions

document_subtype: tax document


document_description: Instructions for filling out Form W-9, including penalties for falsifying information, misuse of TINs, and specific instructions for different types of entities. It also includes information on exemptions from backup withholding and FATCA reporting.

title: Form W-9 Instructions

document_subtype: tax form instructions


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

title: Form W-9 Instructions

key_organizations: IRS SSA

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


document_description: This document provides information about the IRS W-9 form, including privacy notices and instructions on how to handle unsolicited emails claiming to be from the IRS. It emphasizes that the IRS does not request personal information via email and provides contact information for reporting phishing attempts and identity theft.

title: IRS W-9 Form Information

document_subtype: W-9 Form

key_organizations: Treasury Inspector General for Tax Administration


document_description: This document is a brochure providing information about the qualifications and business practices of iCapital Advisors, LLC, registered as an investment adviser with the SEC. It includes disclaimers about SEC registration and provides contact information for further inquiries.

title: iCapital Advisors, LLC Form ADV Part 2A

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

document_subtype: Form ADV Part 2A

key_organizations: United States Securities and Exchange Commission


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

title: iCapital Advisors, LLC Form ADV Part 2A

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


document_description: iCapital Advisors, LLC provides investment advisory services to various Private Access Funds and Direct Investment Funds. These funds are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933. iCapital's services include identifying private equity or hedge fund managers for investment and managing Direct Investment Funds. The document lists numerous funds managed by iCapital, detailing their structure and investment strategies.

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

key_organizations: Private Equity Global Select Master Fund

key_organizations: Opportunistic Real Estate and Infrastructure Select Fund

key_organizations: iCapital-OrbiMed Royalty Opportunities II Access Fund

key_organizations: iCapital-Apollo Structured Credit Recovery Access Fund

key_organizations: iCapital-Warburg Pincus Private Equity XII Access Fund

key_organizations: Royalty Investment Fund Limited Partnership


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing their investment strategies, management fees, and assets under management as of December 31, 2017. It includes information about the management of various private equity and hedge funds, the fees charged, and the ownership structure of Institutional Capital Network, Inc., the parent company of iCapital. The document also lists specific funds with their values as of September 30, 2017.

title: iCapital Advisors, LLC Form ADV Part 2A

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


document_description: The document outlines the management and investor servicing fees associated with iCapital Advisors, LLC, including details on payments to underlying managers, service providers, and organizational expenses. It specifies the conditions under which management fees may be waived or reduced, and describes the investor servicing fee structure. The document also details the fees charged by underlying funds and the role of service providers like Dynasty Securities, LLC.

key_organizations:
iCapital Advisors, LLC
Dynasty Securities, LLC


document_description: This document outlines the expenses related to the formation and operation of the Private Access Fund and Direct Investment Funds managed by iCapital Advisors, LLC. It details the types of expenses that these funds will bear, including management fees, organizational expenses, taxes, and other costs associated with fund operations and investments.


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

title: iCapital Advisors, LLC Form ADV Part 2A


document_description: The document outlines iCapital Advisors, LLC's investment strategies, methods of analysis, and risk management for their Private Access Funds and Direct Investment Funds. It details the due diligence process employed by iCapital, which includes both qualitative and quantitative assessments of fund managers and investment opportunities. The document emphasizes iCapital's approach to providing investors access to select fund managers at lower investment minimums through a bottom-up diligence approach.


document_description: The document outlines iCapital Advisors, LLC's due diligence process for evaluating investment opportunities, specifically focusing on hedge funds. It describes a five-stage selection process, including market opportunity assessment, manager identification, initial diligence, deep dive diligence with Castle Hall Alternatives Inc., and final approval by the iCapital Investment Committee. The document emphasizes the importance of a unanimous vote by the Investment Committee for marketing investment opportunities.

document_subtype: memo

key_organizations:
iCapital Advisors, LLC
Castle Hall Alternatives Inc.


document_description: The document is an investment advisory document from iCapital Advisors, LLC, discussing the investment selection process, risks, and due diligence related to Private Access Funds and other investment vehicles. It highlights the potential risks and the importance of consulting professional advisers before investing.

document_subtype: investment advisory document


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.


document_description: The document discusses the financial and tax implications for investors in Private Access Funds managed by iCapital Advisors, LLC. It covers topics such as tax liabilities, illiquidity of investments, economic and market risks, and consequences of default. Investors may need to return distributions to meet fund obligations and may face tax liabilities exceeding cash distributions. The document also highlights risks associated with private equity investments and potential remedies for defaulting on capital contributions.


document_description: The document outlines the terms and conditions related to capital contributions, default scenarios, and the legal structure of series limited partnerships for iCapital Advisors, LLC. It discusses the potential actions iCapital may take in the event of a default by an investor, including the sale or forfeiture of the investor's interest and legal remedies. The document also explains the legal framework of series limited partnerships under the Delaware Act, highlighting the potential risks and uncertainties regarding 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 their departure on fund performance.


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


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

title: iCapital Advisors, LLC Form ADV Part 2A

key_locations:
Central and Eastern Europe
Asia
Latin America


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

document_subtype: financial document


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


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


document_description: The document outlines the investment strategies, risks, and affiliations of iCapital Advisors, LLC. 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, LLC and Gen II Fund Services, LLC.

title: iCapital Advisors, LLC Form ADV Part 2A

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


document_description: The document outlines the relationships and potential conflicts of interest involving iCapital Advisors, LLC, its parent company Institutional Capital Network, Inc., and various financial institutions such as BNY Capital Corporation, BlackRock, Credit Suisse, Morgan Stanley, and UBS. It also discusses iCapital's Code of Ethics pursuant to Rule 204A-1 of the Advisers Act, which aims to prevent conflicts of interest and insider trading.

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


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

key_organizations:
iCapital Advisors, LLC
iCapital Securities


document_description: The document outlines iCapital Advisors, LLC's investment management practices, including collaboration with Fidelity Brokerage Services LLC and National Financial Services LLC. It discusses management fee allocations, custody rules, and investment discretion policies.

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


document_description: The document outlines iCapital Advisors, LLC's policies on voting client securities and financial information. It specifies that iCapital does not anticipate owning equity securities with voting rights in Private Access Funds and delegates proxy voting for Direct Investment Funds to a Sub-Adviser. It also details the firm's Proxy Voting Policy and confirms no financial impairments or bankruptcy history.


document_description: This document is a Brochure Supplement for iCapital Advisors, LLC, providing information about Eileen Duff Blalock, Phil Pool, John Robertshaw, Daniel Vene, and Nicholas Veronis. It supplements the iCapital Advisors, LLC's Form ADV Brochure and includes contact information for the Chief Compliance Officer, Michael Stanton.

title: FORM ADV PART 2B: Brochure Supplement

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

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

document_subtype: Brochure Supplement


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

title: Form ADV Part 2B for Phil Pool

key_people:
Phil Pool
Michael Stanton

key_locations:
London
New York
Chicago

document_subtype: Form ADV Part 2B

key_organizations: Donaldson, Lufkin & Jenrette Securities Corporation