document_description: The document discusses the legal and regulatory risks associated with the Access Fund and the Underlying Fund, particularly in light of the Dodd-Frank Act. It highlights the potential for increased regulatory scrutiny and the impact of new regulations on private investment funds, including administrative burdens and potential liabilities. The document also addresses the implications of the Dodd-Frank Act on financial market intermediaries and the derivatives market.

document_subtype: legal and regulatory risks

key_organizations:
Forrestal Capital LLC
Glendower GP
Access Fund
Underlying Fund
General Partner
Investment Manager
Glendower
SEC
CFTC


source: doj

document_description: The document provides tax-related information for Limited Partners of Forrestal Capital LLC, including implications of the 2017 Tax Legislation, annual income tax information, and considerations for tax-exempt and non-U.S. investors. It also discusses the Foreign Account Tax Compliance Act (FATCA) and its requirements for foreign financial institutions.

document_type: financial

document_subtype: tax information

key_organizations:
Forrestal Capital LLC
Access Fund
Underlying Fund
IRS


document_description: The document discusses the implications of the Bipartisan Budget Act of 2015 on U.S. federal income tax audits of partnerships, specifically focusing on the BBA Rules. It outlines the potential tax liabilities for partnerships and partners, the elective alternative procedure, and the responsibilities of the Access Fund and its partners. Additionally, it highlights other tax risks associated with investing in the Access Fund, including changes in tax laws, filing requirements, and potential taxation.

document_type: legal

document_subtype: Partnership Audit Legislation and Tax Risks

key_organizations:
Forrestal Capital LLC
Access Fund


document_description: Discussion on the potential tax implications for Limited Partners of the Access Fund, including the possibility of IRS audits and the responsibilities of the General Partner in such events.

document_subtype: tax document

key_organizations:
Forrestal Capital LLC
Access Fund
IRS


document_description: This document provides a summary of certain U.S. federal income tax considerations related to an investment in the Access Fund. It discusses the implications for U.S. persons and highlights that the IRS may have different interpretations. It advises non-U.S. persons and certain categories of investors to consult their own tax advisors.

key_locations:
United States
District of Columbia

document_subtype: tax considerations


document_description: Discussion of tax consequences for Limited Partners in the Access Fund, including tax basis, distributions, and allocations of income and loss.


document_description: The document outlines tax implications for non-corporate Limited Partners in the Access Fund, including investment interest limitations, passive activity loss restrictions, at-risk limitations, and deductibility of fund expenses. It advises prospective investors to consult tax advisors regarding these limitations.

document_subtype: investment fund provision


document_description: The document discusses the tax implications for U.S. persons and entities investing in controlled foreign corporations (CFCs) through the Access Fund. It outlines the rules for U.S. shareholders of CFCs, including the need to include certain earnings in gross income and the treatment of gains as dividend income. It also covers the impact of the 2017 Tax Legislation on deferred earnings and the treatment of foreign currency gains or losses. Additionally, it addresses the potential for unrelated business taxable income (UBTI) for U.S. Tax-Exempt Investors due to leverage and other income-generating activities by the Access Fund.


document_description: The document discusses tax implications for U.S. Tax-Exempt Investors in the Access Fund, including potential UBTI, excise taxes, and foreign tax credits. It advises investors to consult tax advisors regarding these issues. The document also outlines the Access Fund's tax return filing requirements and potential audit implications.

document_subtype: investment fund tax information


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


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


document_description: The document is an investment memorandum for prospective Limited Partners of the Access Fund, detailing U.S. federal income tax considerations and regulatory matters. It highlights the lack of IRS rulings, the need for investors to consult tax advisors, and the unregistered status of the Interests under the Securities Act of 1933. It also discloses past regulatory issues involving Raymond James, a Placement Agent for the offering.

key_locations:
United States
Puerto Rico
Virgin Islands
District of Columbia

document_subtype: Investment Memorandum

key_organizations:
Forrestal Capital LLC
Raymond James Financial Services, Inc.
Securities and Exchange Commission


document_description: The document outlines the legal and regulatory considerations for the Access Fund, managed by Forrestal Capital LLC, under various U.S. financial regulations. It discusses exemptions from registration under the U.S. Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Commodity Exchange Act of 1974. The document also addresses legal considerations for investors, compliance with anti-money laundering requirements, and the proprietary and confidential nature of the information.

document_subtype: Investment Fund Legal Document

key_organizations:
Forrestal Capital LLC
Access Fund
National Futures Association


document_description: This document is a supplement to the Confidential Private Placement Memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P., intended to update and modify the original Memorandum. It provides updated information regarding changes to the terms of the Access Fund, which invests in Glendower Capital Secondary Opportunities Fund IV, LP. The supplement allows disclosure of tax treatment and structure to advisors and U.S. tax authorities but restricts other disclosures.

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

document_subtype: Supplement to Private Placement Memorandum


document_description: Amendments to the Summary of Principal Terms of the Access Fund, detailing the expenses covered by the fund, including management fees, legal costs, and other operational expenses.

document_type: correspondence

document_subtype: amendment


document_description: The document outlines the financial responsibilities and indemnification obligations of Limited Partners in relation to the Access Fund and its associated Feeder Funds. It details how operating expenses, management fees, and other costs are allocated among the funds and the conditions under which Limited Partners may be required to return distributions to cover liabilities. The document also addresses indemnification provisions for the Investment Manager, General Partner, and other affiliates.

key_people:
General Partner
Investment Manager

document_subtype: Investment Agreement

key_organizations:
Forrestal Capital LLC
Access Fund
Feeder Funds
Underlying Fund


document_description: Amendments to the risk factors and potential conflicts of interest sections in the Access Fund's documentation, specifically regarding investor rights, indemnification obligations, and repayment of distributions.

key_organizations:
Forrestal Capital LLC
Access Fund
Underlying Fund
Glendower GP


document_description: The document outlines the indemnity obligations of the Access Fund and the Underlying Fund, including the funding of these obligations through capital calls or return of distributions. It also discusses the expenses and management costs associated with the Access Fund and the Underlying Fund, and the obligations of Limited Partners to fund these expenses.

document_subtype: Partnership Agreement


document_description: This document is a confidential private placement memorandum for Forrestal Capital LLC, marked as proprietary and confidential, and is subject to Federal Rule of Criminal Procedure 6(e).

title: Underlying Fund Confidential Private Placement Memorandum


document_description: Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, associated with Forrestal Capital LLC and Credit Suisse.

key_organizations:
Forrestal Capital LLC
Glendower Capital
Credit Suisse


document_description: A document related to Forrestal Capital LLC, marked as confidential and subject to Federal Rule of Criminal Procedure 6(e).

document_type: other


document_description: This document is an amended and restated confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, circulated to a limited number of qualified prospective investors for evaluating an investment in the fund's limited partner interests. It outlines the terms of the offering, including the merits and risks involved, and is communicated in the UK only to professional investors.

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

document_date: March 2018

document_subtype: Private Placement Memorandum

key_organizations:
Glendower Capital LLP
UK Financial Conduct Authority


document_description: The memorandum discusses the management and performance evaluation of the SOF Funds at Deutsche Bank, now managed by Glendower Capital and the U.S. Adviser. It includes disclaimers about forward-looking statements, legal and tax structures, and the accuracy of information provided. The document emphasizes that it does not constitute an offer or solicitation in any jurisdiction where it is unlawful.

title: Confidential Private Placement Memorandum

key_people: Partners and employees of the Manager and the U.S. Adviser

key_organizations:
Forrestal Capital LLC
Glendower Capital
Deutsche Bank
Glendower Capital (U.S.), LLC
FCA
Credit Suisse Asset Management Limited


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


document_description: The document is a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, with Credit Suisse acting as a placement agent. It discusses potential conflicts of interest, tax advice disclaimers, and legal notices for New Hampshire and Florida residents.

key_locations:
New Hampshire
Florida

document_subtype: Confidential Private Placement Memorandum


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

title: Glendower Capital Secondary Opportunities Fund IV, LP

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

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

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


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP, detailing sections on investment performance, fund management, risk factors, and legal considerations.

document_type: tabular

key_organizations:
Forrestal Capital LLC
Glendower Capital


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


document_description: This document is a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, associated with Forrestal Capital LLC.

title: Executive Summary


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

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

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

key_locations:
U.S.
Europe
London
New York

key_organizations:
Glendower Capital
Deutsche Asset Management
Deutsche Bank


document_description: The document outlines the investment strategy and objectives of the Glendower Capital Secondary Opportunities Fund IV, LP. It focuses on bespoke liquidity solutions, GP-led secondary deals, and a distinctive investment strategy built around five main pillars: focusing on less competitive transactions, pursuing a true value approach, buying margin of safety, efficient portfolio management, and a barbell approach to portfolio construction. The fund aims to leverage relationships with fund sponsors and sellers to address objectives beyond monetary factors and solve for complexity in transactions.

document_subtype: Executive Summary

key_organizations:
Glendower Capital
Deutsche Asset Management


document_description: The document provides an executive summary of the Glendower Capital Secondary Opportunities Fund N. LP, detailing its performance metrics as of September 30, 2017. It highlights the fund's strong performance with a 1.6x gross multiple and 28% IRR since inception. The document also outlines the performance of individual funds within the program, the experienced team behind the fund, and the disciplined investment process targeting over 20% Net IRR.

title: Glendower Capital Secondary Opportunities Fund N. LP Executive Summary

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

key_locations:
London
New York


document_description: The document is an executive summary of the Glendower Capital Secondary Opportunities Fund IV, LP, highlighting its investment strategy, alignment of interests, and key terms. It emphasizes the fund's rigorous analysis approach, alignment of interests between the fund's team and investors, and the exclusion of Deutsche Bank from management and profit sharing.

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

key_people:
Glendower SOF Team
Investment Committee of the Fund

key_organizations:
Glendower Capital
Deutsche Bank


document_description: This document is a confidential private placement memorandum related to the investment performance of Glendower Capital Secondary Opportunities Fund N. LP, managed by Forrestal Capital LLC.

title: Investment Performance


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

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

document_subtype: Investment Performance Report

key_organizations:
Glendower Capital
Forrestal Capital LLC


document_description: The document provides a performance analysis of the Glendower Capital Secondary Opportunities Fund IV, LP, comparing it against Cambridge Associates benchmarks. It includes performance metrics such as Net IRR, DPI, and TVPI for various SOF funds across different vintage years. The data is unaudited and reflects the performance as of September 30, 2017.

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

key_organizations:
Glendower Capital
Cambridge Associates


document_description: The document provides an analysis of the investment performance of the Glendower Capital Secondary Opportunities Fund IV, LP, comparing it with SOF, SOF II, and SOF III. It highlights the consistency in Net Contributed Capital, Net IRR, TVPI, and DPI across different economic cycles. The funds show a peak in Net Contributed Capital at around 16 quarters from inception, with Net IRR stabilizing at around 20% after 20 quarters. Capital is typically returned in about 24 quarters, and TVPI converges to the 1.65x range by liquidation. The document emphasizes the consistency of the investment strategy since 2006.


document_description: The document compares the performance of the SOF Program and its sub-funds (SOF, SOF D, SOF II, SOF III) against public market indexes such as the MSCI World Index, Russell 2000 Index, and Thomson Reuters Private Equity Buyout Index. The SOF Program and its sub-funds show favorable performance compared to these indexes. The Long Nickels method is used for calculating PMEs, and net IRR is calculated using replicated cashflows in the index and a theoretical terminal value.

title: Scotian 2: Investment Performance

key_organizations:
Forrestal Capital LLC
Glendower Capital
Scotian 2


document_description: This document is a summary of the principal terms for the Glendower Capital Secondary Opportunities Fund IV, LP, as part of a confidential private placement memorandum.

title: Summary of Principal Terms


document_description: This document provides a summary of the principal terms and conditions for investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It includes details on the investment strategy, target size, minimum commitment, fund structure, management, term, investment period, and financial terms such as profit share and carried interest.

title: Summary of Principal Terms for Glendower Capital Secondary Opportunities Fund IV, LP

document_subtype: Investment Fund Summary

key_organizations:
Glendower Capital LLP
Glendower Capital (U.S.), LLC
FCA


document_description: Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, detailing investment opportunities and strategies.


document_description: The document outlines the investment strategy and sourcing approach of Glendower Capital Secondary Opportunities Fund IV, LP. It emphasizes the fund's ability to source less intermediated deal flow and work directly with sellers, leveraging a global network of relationships. The fund focuses on non-monetary factors such as confidentiality and speed of transaction, particularly relevant for sellers in distressed conditions. The document provides data on the geographical distribution of assets and sellers, and highlights the fund's extensive industry network and deal experience.

key_locations:
North America
Europe
Asia and Pacific

key_organizations:
Glendower Capital
Forrestal Capital LLC
DB Wealth Management
Raymond James
Alex Brown


document_description: The document discusses the growth and pricing trends in the secondary private equity market, highlighting the NAV and unfunded amounts, and providing a table of unrealized portfolio values and dry powder from 2007 to 2017. It also analyzes secondary market pricing and factors affecting it, such as fund age and quality.

document_subtype: financial report

key_organizations:
Glendower Capital
Greenhill


document_description: The document provides an analysis of the secondary market pricing trends from 2005 to 2017, highlighting the fluctuations in market pricing and volume. It discusses the impact of cash flows, mark-to-market pricing, and the resulting effective discounts for buyers. The analysis includes data on market stability, pricing percentages of NAV, and annual volume in USD billion. It also references various market reports and trends.

title: Glendower Capital Secondary Opportunities Fund IV Analysis

document_subtype: financial analysis

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


document_description: The document provides a breakdown of seller composition and funds marketed by vintage for Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the emergence of traditional secondary buyers and funds-of-funds entering the market as sellers, with motivations to wind down older vehicles to lock in gains or return capital to LPs. The document includes data on private equity assets by fund vintage year, indicating a significant supply of secondary opportunities in pre-crisis bubble funds.


document_description: The document provides an analysis of the competitive environment for secondary market funds, focusing on Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the positioning of the fund in the mid-sized segment of the market, which is considered attractive for its ability to build diversified portfolios while being selective in transactions. The document also includes a table comparing different strategy types, fund sizes, and players in the market.

document_subtype: investment fund analysis


document_description: The document outlines the investment strategy and process for Glendower Capital Secondary Opportunities Fund IV, LP. It details the principles of asset selection, due diligence, investment decision-making, and risk management. The fund focuses on quality assets, alignment of interests, reasonable leverage, and attractive entry multiples. The due diligence process includes operational, financial, and market risk analysis, cash flow analysis, and management review. The investment decision involves an Investment Committee, and post-acquisition, the fund actively manages investments with risk management strategies like hedging.


document_description: This document is a confidential private placement memorandum related to Glendower Capital Secondary Opportunities Fund IV, LP, and Forrestal Capital LLC. The page is intentionally left blank and marked as confidential pursuant to federal rules.


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes details about the General Partner's share, commitments, minimum commitment, Glendower Capital investment, closings, subsequent closing partners, and drawdowns. The fund seeks aggregate commitments of US$1.75 billion, with a maximum of US$2.5 billion. The minimum commitment for limited partners is US$5 million. The document also details the process for closings and the participation of subsequent closing partners.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Summary of Terms and Conditions

key_people:
General Partner
Limited Partners
Manager
Glendower U.S.

document_subtype: Summary of Terms and Conditions


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP, including details on the investment period, reinvestment policies, key person events, and diversification rules.

title: Summary of Terms and Conditions for Glendower Capital Secondary Opportunities Fund IV, LP

key_people:
Charles Smith
Carlo Pirzioaroli
Adam Graev
Chi Cheung

document_subtype: Investment Terms and Conditions


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP, including details on the General Partner's Share, Applicable Points, Legacy Investor definitions, and distribution of net proceeds. It specifies the fee structure based on investment commitments and the distribution hierarchy for net proceeds from portfolio investments.

key_people:
General Partner
Special Limited Partner


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund P/, LP, including details on fund dissolution, special limited partner clawback, organizational expenses, operating and other expenses, transaction fees, and the establishment of a fund advisory committee.


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes sections on indemnification, removal of the General Partner, amendments to the Fund Partnership Agreement, default provisions, and the term of the fund. Key points include indemnification clauses for Covered Persons, conditions for the removal of the General Partner, and default penalties for Limited Partners.

key_people:
General Partner
Manager
Second GP


document_description: Summary of terms and conditions for Glendower Capital Secondary Opportunities Fund IV, LP, including details about the depositary and global placement agent.


document_description: This document outlines the risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the substantial risks involved, including the potential for loss of investment, lack of liquidity, and the complex nature of due diligence in secondary private equity investments. It also discusses the risks related to pooled investments, the termination of the Fund's interest in underlying funds, and reliance on the management of portfolio companies.

title: Risk Factors - Glendower Capital Secondary Opportunities Fund IV, LP

document_subtype: investment risk disclosure


document_description: This document outlines the risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the involvement of former Deutsche Bank employees in the management team, liquidity risks due to the illiquid nature of investments, potential distributions in kind, investor obligations and risks, uncertainties in payment timings, and risks related to unspecified transactions.

key_organizations:
Glendower Capital
Deutsche Bank
SOF Funds


document_description: This document outlines various risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP, focusing on global taxes, changes in tax law, tax treatment, phantom income, risks from changes in the taxation of carried interest, and corporate offense of failure to prevent the facilitation of tax evasion.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Section 7 Risk Factors

document_subtype: Risk Factors


document_description: The document outlines various risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the potential legal risks related to UK tax evasion and the implementation of procedures to prevent criminal facilitation of tax evasion. It also covers co-investment risks, counterparty risks, and the risks associated with investments via other entities. Additionally, it addresses the potential for dilution from subsequent closings and the indemnification of certain parties involved with the Fund.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Risk Factors

key_people:
General Partner
Second GP
Manager
U.S. Adviser


document_description: This document outlines the risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the potential lower returns from short-term investments, the uncertainty of follow-on investments, risks related to the disposition of investments, recourse to all assets, the discretion of the Manager over defaulting investors, and the challenges of expedited transactions.


document_description: The document outlines risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP, including emerging markets risk, lack of separate counsel for investors, diverse investor group interests, and sovereign status of certain investors. It highlights potential political, regulatory, and economic risks in emerging markets, the role of Debevoise & Plimpton LLP as special counsel, and the challenges posed by investors with sovereign immunities.

key_locations:
United States
United Kingdom


document_description: The document outlines various risk factors associated with investments in the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the impact of deflation, currency risks, the status of debt markets, and legal, tax, and regulatory risks on the fund's performance and investors' returns.


document_description: This document outlines various risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP, including regulatory scrutiny, Brexit implications, and anti-money laundering compliance. It discusses potential adverse impacts on the private investment industry, the uncertainty surrounding Brexit, and the legal obligations related to anti-money laundering.

key_locations:
UK
European Union


document_description: This document outlines various risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP, including risks related to electronic communications, cybersecurity threats, pay-to-play laws, and forward-looking information. It highlights potential vulnerabilities in electronic systems, legal compliance issues, and the speculative nature of forward-looking statements.

document_subtype: Risk Factors Section

key_organizations:
Glendower Capital
Forrestal Capital LLC
Credit Suisse Asset Management Limited


document_description: This section outlines the risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It emphasizes that the list of risk factors is not exhaustive and advises potential investors to read the entire memorandum and consult professional advisers before investing.


document_description: The document discusses potential conflicts of interest related to the performance-based compensation structure of the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the role of the Fund Advisory Committee in identifying and addressing conflicts of interest between the Fund and the Manager. The committee will consist of representatives from certain investors and will consult on material issues involving conflicts of interest, unless prohibited by legal or regulatory reasons.

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

key_organizations:
Forrestal Capital LLC
Glendower Capital
Fund Advisory Committee


document_description: This document is a confidential private placement memorandum related to Glendower Capital Secondary Opportunities Fund IV, LP, indicating its confidential nature pursuant to Federal Rules of Criminal Procedure 6(e).


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

title: Certain Legal, ERISA and Tax Considerations


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


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

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

key_locations: England Wales


document_description: The document discusses the legal, ERISA, and tax considerations for Glendower Capital Secondary Opportunities Fund N, LP. It outlines exemptions from registration with the U.S. Commodity Futures Trading Commission (CFTC) for the Manager and General Partner under CFTC Regulation Section 4.13(a)(3). It also covers ERISA considerations for fiduciaries of employee benefit plans investing in the fund, including fiduciary duties, prudence, diversification, and potential prohibited transactions.

document_subtype: Legal Considerations


document_description: The document outlines certain legal, ERISA, and tax considerations for the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the implications of partnership audit procedures, the treatment of dividends and passive foreign investment companies (PFICs), controlled foreign corporations (CFCs), and certain transactions that may generate taxable income without cash distribution. It also addresses restrictions on the deductibility of expenses and other losses for U.S. federal income tax purposes.


document_description: This document outlines the tax considerations for non-U.S. investors in the Glendower Capital Secondary Opportunities Fund IV, LP, particularly focusing on the treatment of effectively connected income (ECI) and the implications of investing in U.S. real property holding corporations. It also discusses potential tax liabilities, including withholding taxes and branch profits tax, and the possibility of using a 'blocker structure' for non-U.S. investors. Additionally, it highlights the reporting requirements for U.S. investors, including forms 8865, 926, and 8938, and the potential for transactions to be classified as reportable to the IRS.

reference_numbers:
Form 8865
Form 926
Form 8938


document_description: This document is a section from a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses certain legal, ERISA, and tax considerations for investors, including potential penalties for non-compliance with tax laws, U.S. state and local tax implications, and UK tax considerations. The document outlines the tax treatment of the fund as an English limited partnership and the responsibilities of investors regarding tax liabilities.

key_organizations:
Glendower Capital
Forrestal Capital LLC
HM Revenue & Customs


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

key_locations:
United Kingdom
United States


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


document_description: This document is a confidential private placement memorandum related to Glendower Capital Secondary Opportunities Fund IV, LP, and Forrestal Capital LLC. The page is intentionally left blank and marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: This document is a confidential private placement memorandum related to Forrestal Capital LLC and Glendower Capital Secondary Opportunities Fund N. LP. It is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: This document is a memorandum related to the distribution and offer of interests in Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal restrictions and requirements for offering and selling interests in various jurisdictions, including the European Economic Area, Denmark, Finland, and Germany. The memorandum specifies that it is intended for professional investors and is not a public offering.

key_locations: Denmark Finland Germany

document_subtype: memorandum

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


document_description: This document is a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the regulatory and marketing restrictions for offering the fund's interests in various countries, 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 requirements in each jurisdiction.

key_locations:
The Netherlands
Sweden
United Kingdom
Australia
Bahrain

key_organizations:
Glendower Capital
Forrestal Capital LLC
Finansinspektionen
FCA
Central Bank of Bahrain


document_description: This document is a Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal restrictions and conditions under which the memorandum can be distributed and the interests offered in various jurisdictions including Guernsey, Haiti, Hong Kong, Israel, and Japan. The memorandum emphasizes that it is for informational purposes only and does not constitute financial advice. It also highlights the need for prospective investors to rely on their own examination of the fund and consult professional advisers.

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 legal exemptions and conditions under which the interests can be sold, emphasizing the restrictions on sales to non-qualified investors and the confidentiality of the document.

key_locations: Japan Kuwait Mexico

key_organizations: Credit Suisse Securities (Japan) Limited

key_organizations: Type II Financial Instruments Firms Association

key_organizations: Mexican Banking and Securities Commission


document_description: This document is a Confidential Private Placement Memorandum for 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 compliance with local laws and regulations, and highlights that the memorandum is not an offer of securities in Oman. It also includes disclaimers about the manager's licensing status and the need for professional advice.

key_locations:
Mexico
Monaco
New Zealand
Oman


document_description: This document is a Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, detailing the legal and regulatory considerations for offering securities in various jurisdictions including Peru, Qatar, Saudi Arabia, Singapore, and South Korea. It outlines the restrictions and requirements for institutional investors in these regions and emphasizes the confidentiality and limited distribution of the memorandum.

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

key_organizations: Qatar Financial Centre Regulatory Authority


document_description: This document is a 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 Korea, St. Kitts and Nevis, and Switzerland. The document specifies that the fund is not registered with financial authorities in these regions and provides details on the distribution and regulatory compliance requirements. It also mentions the roles of representatives and paying agents in Switzerland, and the conditions under which distribution fees and retrocession payments are handled.

key_locations:
Korea
St. Kitts and Nevis
Switzerland
Geneva

key_organizations: Securities Commission of St. Kitts and Nevis

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

key_organizations: Swiss Financial Market Supervisory Authority


document_description: This document is a Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the terms and conditions for investment, including the possibility of rebates for Limited Partners, restrictions on offering in Taiwan and the UAE, and legal disclaimers for the USA. The memorandum emphasizes that the fund is not regulated by UAE authorities and provides specific conditions under which investments can be made in the UAE.

key_locations:
Switzerland
Taiwan
United Arab Emirates
United States of America

key_organizations: Central Bank of the United Arab Emirates

key_organizations: UAE Securities and Commodities Authority

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: The document is a Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, detailing the offering of Interests that are not registered under the Securities Act or any state or non-U.S. jurisdiction. The Interests are offered to qualifying recipients under exemptions and are subject to restrictions on transferability and resale. The Fund is not registered as an investment company, and investors will not have the protections of the Investment Company Act.

key_organizations:
Forrestal Capital LLC
Glendower Capital


document_description: This document is a privacy notice for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the responsibilities of Glendower Capital, LLP as the data controller and details how personal data of investors will be processed, shared, and retained. It also informs investors of their rights regarding their personal data.

title: Glendower Capital Secondary Opportunities Fund IV, LP Privacy Notice

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

document_subtype: Privacy Notice


document_description: The document outlines the rights of individuals regarding their personal data, including rectification, erasure, restriction of processing, and data portability. It provides contact information for exercising these rights and mentions the role of the UK Information Commissioner's Office (ICO) as the supervisory authority.

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

key_organizations: Glendower Capital Secondary Opportunities Fund IV, LP


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-related terms.

title: Appendix 4 Key Definitions

document_subtype: Appendix


document_description: This document is a confidential private placement memorandum related to the Glendower Capital Secondary Opportunities Fund IV, LP. It includes a table defining various terms and entities involved in the fund, such as the Depositary Agreement, Deutsche Asset Management, Deutsche Bank, and others. The document is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).

title: Confidential Private Placement Memorandum

key_organizations:
Forrestal Capital LLC
Glendower Capital
Deutsche Asset Management
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 its structure, advisory committee, fund documents, and key terms related to the fund's operation and management.

document_subtype: Private Placement Memorandum

key_organizations:
Glendower Capital LLP
Forrestal Capital LLC


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes definitions and descriptions of various 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 regulations involved in the fund's operations.

key_locations:
Cayman Islands
Scotland
England

document_subtype: Confidential Private Placement Memorandum

key_organizations:
Forrestal Capital LLC
Glendower Capital
DB Secondary Opportunities Fund
Deutsche Asset Management


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

key_locations:
United States of America
United Kingdom

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


document_description: The document provides performance information for Glendower Capital Secondary Opportunities Fund IV, LP, including metrics such as Distributions to Paid-in Capital (DPI), Gross and Net Internal Rate of Return (IRR), and Total Value to Paid-in Capital (TVPI). It discusses the effects of leverage on IRR calculations and includes a benchmark analysis comparing the fund's performance to other private equity funds.

title: Appendix 5 Important Performance Information


document_description: This document is a directory listing various entities associated with the Glendower Capital Secondary Opportunities Fund IV, LP, including the fund manager, special counsel, auditors, depositary, fund administrator, and placement agents.

title: Appendix 6 Directory

document_subtype: Directory


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes contact information for Glendower Capital in the United States and Europe, MENA, and Asia Pacific regions, as well as the global placement agent, Credit Suisse Asset Management Limited.

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

key_locations:
New York, NY, USA
London, UK

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


document_description: The document contains an image of a triangle divided into two regions with a confidentiality notice 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., executed by Fornsstal Capital LLC. It is marked as proprietary and confidential, and is subject to confidentiality under Federal Rule of Criminal Procedure 6(e).

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

document_subtype: Limited Partner Subscription Agreement


document_description: Instructions for investors interested in purchasing a limited partner interest in Glendower Access Secondary Opportunities IV (U.S.), L.P. The document outlines the steps to complete the Subscription Agreement, including required sections for individuals and entities, initial capital contribution details, and client identification documents needed.

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

document_subtype: Investment Instructions


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

key_people:
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: This document outlines the terms and conditions for an investor purchasing an interest in Forrestal Capital LLC. 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 also highlights the risks associated with the investment and the lack of a public market for the interest.

document_subtype: Investment Agreement


document_description: This document outlines the terms and conditions for an investor, Forrestal Capital LLC, in relation to a partnership agreement. It specifies the legal and organizational requirements for the investor, including compliance with the Securities Exchange Act of 1934, disclosure obligations, and the authority to execute agreements. It also addresses potential disqualifying events and the investor's obligations to notify and coordinate with the General Partner in such cases.

document_subtype: investment agreement


document_description: This document outlines the terms and conditions of an agreement between an investor and Forrestal Capital LLC. It includes clauses on the enforceability of the agreement, the investor's knowledge and experience, tax considerations, and the investor's status concerning U.S. Treasury Regulations. The investor acknowledges the survival of the agreement despite changes in transaction documents or the investor's status. It also addresses the investor's intentions regarding tax benefits and the partnership's qualification for tax purposes.

document_subtype: Partnership Agreement


document_description: The document outlines the legal and financial structure of Forrestal Capital LLC, including its tax status, transfer restrictions, and legal representation. It specifies that the Sole Owner must comply with the Partnership Agreement when transferring interests and that the Investor has not borrowed funds for its contribution. It also clarifies that Cleary Gottlieb and Maples and Calder represent the Partnership and its affiliates, not the investors, and advises investors to seek independent legal counsel. Additionally, it includes a privacy notice regarding the handling of nonpublic personal information under Regulation P.

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 Forrestal Capital LLC. It includes clauses on nominees and custodians, final form of the agreement, no 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 the legal obligations and representations of an investor in a partnership, specifically regarding compliance with anti-money laundering laws and sanctions. It includes clauses ensuring that the investor's funds are not derived from illegal activities and that the investor complies with all relevant laws. The document also requires the investor to inform the General Partner of any inaccuracies in their representations and to provide additional information if necessary.

key_locations:
United States
UK

document_subtype: Subscription Agreement


document_description: This document outlines the confidentiality obligations of an investor in a partnership managed by Forrestal Capital LLC. It specifies the conditions under which non-public information can be disclosed, the definition of non-public information, and the investor's acknowledgment of the proprietary nature of such information. It also addresses the investor's obligations under the Freedom of Information Act (FOIA) and similar laws.

document_subtype: confidentiality agreement


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 conditions and representations required for an Investor Fiduciary to make a proposed purchase of an Interest in a partnership, ensuring compliance with ERISA and the Code.

key_organizations:
Forrestal Capital LLC
iCapital


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 related to ERISA and other regulatory compliance.


document_description: This document is a Subscription Agreement for Forrestal Capital LLC, outlining the terms under which an investor subscribes for an interest in the partnership. It includes clauses on the Investment Company Act status, power of attorney, expenses, amendments, and the reduction or rejection of subscription. The agreement appoints Glendower Access Secondary Opportunities IV GP LLC and iCapital Advisors, LLC as attorneys for the investor, granting them authority to act on behalf of the investor in various capacities related to the partnership.


document_description: This document outlines the terms and conditions of a partnership agreement involving an investor and a partnership managed by iCapital Network. It includes details on how an investor can withdraw consent, update contact information, and access necessary documents like Schedule K-1. The agreement is governed by the laws of the State of Delaware and any legal proceedings are subject to the jurisdiction of New York courts.

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

key_organizations:
Forrestal Capital LLC
iCapital Network


document_description: Wire instructions for initial capital contribution and distributions for Forrestal Capital LLC. Details for beneficiary and intermediary banks are to be provided by the investor. Source of funds options are listed for the investor to indicate.

document_subtype: wire instructions


document_description: This document is an investor status form for individuals associated with Forrestal Capital LLC. It includes sections for the investor to declare their net worth, income for the years 2016 and 2017, and the value of their investments. The form is proprietary and confidential.

title: Forrestal Capital LLC - Exhibit B: Investor Status

document_subtype: Investor Status Form


document_description: This document is an investment questionnaire for Forrestal Capital LLC, asking investors to disclose if they are investing assets from retirement or employee benefit plans subject to Section 4975 of the U.S. Internal Revenue Code. It also inquires about compliance with other laws that could affect the partnership's assets.

document_subtype: investment questionnaire


document_description: The document outlines criteria for an employee benefit plan to qualify as an accredited investor under the Employee Retirement Income Security Act of 1974. It specifies conditions such as having total assets in excess of $5,000,000 or being managed by a fiduciary like a bank or registered investment adviser.

document_subtype: investment document


document_description: This document is an exhibit for entities such as partnerships, trusts, and corporations, detailing the criteria for being considered a 'qualified purchaser' under the Investment Company Act. It outlines different categories under which an investor can qualify, including ownership of significant investments and specific organizational structures.

title: Investment Company Act Representations

document_subtype: investment representation


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

title: Plan Investor Representations

document_subtype: Investor Representation Agreement


document_description: The document outlines Glendower Capital's investment strategy, focusing on fund secondaries, GP-led secondaries, and single asset deals. It details the firm's opportunistic barbell approach to portfolio construction, emphasizing discounted fund secondaries during market corrections and less competitive GP-led secondaries during normalized conditions. The document also highlights the team's experience and structure.

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

key_locations:
London
New York

document_subtype: investment strategy document

key_organizations:
Glendower Capital
Deutsche Bank
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 information about the Glendower Capital Secondary Opportunities Fund IV, L.P. (SOF IV), including its formation, performance figures, and investment strategies. It includes details on mature funds, performance benchmarks, and key financial metrics. The document also outlines the definitions of various investment terms and provides a disclaimer about past performance not being indicative of future results.

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
Cambridge Associates


document_description: This document is a confidential presentation from Glendower Capital regarding investment performance and track record. It includes disclaimers about forward-looking statements, the spin-off from Deutsche Bank, and details about investment returns and valuations. The document emphasizes that the information should not be considered as legal, tax, or investment advice and is intended for sophisticated investors only.

key_people:
Carlo Pirzio-Birolli
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 marketing material related to Glendower Capital SOF IV, L.P. 7 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, emphasizing that the material does not constitute a public offer and is intended for qualified or sophisticated investors only.

key_locations:
Colombia
France
Guernsey
Haiti
Hong Kong
Israel
Japan

document_subtype: legal disclaimer

key_organizations: Securities and Futures Commission of Hong Kong

key_organizations: Credit Suisse Securities (Japan) Limited

key_organizations: Type II Financial Instruments Firms Association


document_description: This document contains legal disclaimers for various countries regarding the offering and distribution of securities by Glendower Capital SOF IV, L.P. It specifies the legal restrictions and requirements for offering securities in Malaysia, Mexico, Monaco, New Zealand, Oman, Qatar, Saudi Arabia, Singapore, South Korea, and Switzerland.

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

document_subtype: Confidential Legal Disclaimer

key_organizations:
Glendower Capital SOF IV, L.P.
Forestar Capital LLC
Credit Suisse
Hugo Fund Services SA
Banque Cantonale de Genève


document_description: This document is a supplemental disclosure by Deutsche Bank, acting as a solicitation agent for a fund. It emphasizes the importance of independent assessment of transactions, highlights the risks involved, and clarifies that past performance does not guarantee future results. The document also states that the securities are not insured by the FDIC and are subject to investment risks. It mentions potential compensation for Deutsche Bank or its associates and clarifies that Deutsche Bank does not provide accounting, tax, or legal advice.

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

document_subtype: disclosure

key_organizations:
Deutsche Bank
Deutsche Bank Securities Inc.
Deutsche Bank Trust Company Americas
Forestal Capital LLC


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 investment opportunities in Glendower Capital Secondary Opportunities Fund IV, LP and Glendower Access Secondary Opportunities IV (U.S.), L.P. It emphasizes that the presentation is not legal, tax, or investment advice and highlights the risks and fees associated with investing in these funds. The presentation is strictly confidential and intended for investment professionals and qualified investors only.

document_subtype: presentation

key_organizations:
Glendower Capital
Forrestal Capital LLC
iCapital Network


document_description: The document provides important information about investing in the Access Fund managed by Forrestal Capital LLC. It highlights the risks and characteristics of alternative investments, including high fees, lack of liquidity, and potential for substantial loss. It also clarifies the relationship between investors, the Access Fund, and the Underlying Fund, emphasizing that investors in the Access Fund have no direct interest or control over the Underlying Fund.

document_subtype: investment information

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


document_description: This document outlines the risks associated with investing in a private equity fund, 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 manager transparency. It emphasizes the importance of due diligence in evaluating private equity fund managers.

title: Additional Disclosures Regarding Certain Risk Factors

document_subtype: disclosure document

key_organizations:
Forrestal Capital LLC
Securities and Exchange Commission
iCapital Network


document_description: This document outlines the key terms for investors in the Access Fund, including fees, expenses, and performance compensation. It details the final admission date, placement fee waivers, management fee distribution, and investment options for large subscriptions. DBSI's role as placement agent and fee recipient is also highlighted.

title: Summary of Key Terms for Access Fund

key_people:
General Partner
Advisory Committee

document_subtype: Investment Summary

key_organizations:
Forrestal Capital LLC
DBSI
iCapital Advisors
Glendower Capital LLP


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

key_organizations:
Glendower Capital
Forrestal Capital LLC


document_description: The document provides an overview of primary and secondary private equity investments, explaining the differences between them and the development of the secondary private equity market. It highlights the complexities and requirements of secondary transactions and the expansion of the market to include various liquidity solutions.

document_subtype: informational memo

key_organizations:
Forrestal Capital LLC
Glendower Capital


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

title: Benefits of Secondary Private Equity Investing

document_subtype: investment analysis


document_description: The document is a presentation slide from Glendower Capital discussing the secondary private equity market. It highlights the strong secondaries market with a deal volume of US$58 billion in 2017, the steady secondary pricing at 93% of NAV, and the growth of GP-led deals. The slide also notes the increasing number of tail-end funds and the bespoke liquidity solutions available.

document_subtype: presentation slide


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

title: Glendower Capital Document


document_description: Glendower Capital is launching SOF IV, a secondary private equity fund, seeking US$1.75 billion in commitments. The fund aims to continue its value-investing strategy with a focus on traditional fund secondaries, GP-led transactions, and single asset deals. The first close is expected in May with US$1.3 billion and a second close before summer. The fund targets global investments, primarily in the US and Europe.

title: Glendower Capital Secondary Opportunities Fund IV, LP Overview

key_locations:
United States
Europe

document_subtype: Investment Fund Overview

key_organizations:
Glendower Capital
Deutsche Asset Management


document_description: This document provides an overview of the Glendower Capital team, listing core members and their roles, experience, and educational background. It includes information about managing partners, partners, senior advisors, principals, vice presidents, associates, analysts, and executive assistants across London and New York offices.

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 Enrique
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 vintage, size, number of transactions, gross and net multiples, IRR, and peak net contributed capital. The report emphasizes that past performance is not indicative of future results and includes a note on currency conversion for Euro-denominated funds.

title: SOF Funds Performance as of September 30, 2017

document_subtype: financial performance report


document_description: The document compares the performance of SOF Funds against Cambridge Associates' secondary funds from 2004 to 2014. It includes metrics such as Net IRR, DPI, RVPI, and TVPI for various SOF funds and benchmarks them against their vintage peer group. The data is based on unaudited results as of September 30, 2017.

title: SOF Funds vs Cambridge Associates' Secondary Funds Performance

key_organizations:
Forrestal Capital LLC
Cambridge Associates
Glendower Capital


document_description: The document provides a financial performance analysis of SOF Funds compared to Cambridge Associates' buyout top-quartile benchmark. It includes metrics such as TVPI, DPI, and Net IRR for various vintage years, highlighting the performance of SOF, SOF II, SOF D, and SOF III funds.

title: Forrestal Capital LLC Financial Performance

key_organizations:
Forrestal Capital LLC
Cambridge Associates
Glendower


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: Glendower Capital's investment strategy focuses 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 with a margin of safety, and focusing on efficient portfolio construction. The document outlines average deal sizes, discount rates, and portfolio diversification strategies.

title: Glendower Capital Investment Strategy

document_subtype: Investment Strategy Overview


document_description: The document outlines a disciplined barbell approach by Forrestal Capital LLC, adjusted to market cycles, focusing on different types of secondary deals. It includes descriptions and expected returns for fund secondaries, GP-led secondaries, and single asset deals. The document also provides market estimates and performance metrics for various transactions and funds managed by Glendower Capital.

document_subtype: financial presentation


document_description: The document provides an overview of Forrestal Capital LLC's investment strategy, highlighting their rigorous sourcing and deal selection process, extensive industry network, and experience in GP-led and Single Asset Deals. It includes details on their proactive approach, key strengths, and outcomes of their investment activities.

title: Forrestal Capital LLC Investment Overview

document_subtype: investment summary

key_organizations:
Forrestal Capital LLC
DB Wealth Management
Raymond James
Alex Brown
Glendower Capital


document_description: This document provides a table of illustrative case studies for fund secondaries transactions by Forrestal Capital LLC. It includes details on various projects/funds, deal sizes, discounts, regions, sellers, and descriptions of the transactions.

title: Fund Secondaries Transactions - Illustrative Case Studies


document_description: The document provides a table of illustrative case studies related to GP-led transactions and single asset deals by Forrestal Capital LLC. It includes details on various projects/funds, deal sizes, regions, sellers, and descriptions of the deals.

title: Illustrative case studies


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


document_description: The document provides an analysis of secondary market volumes from 2006 to 2018, with a forecast for 2018. It highlights 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:
Forrestal Capital LLC
Glendower Capital
Greenhill


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. The data sources include the 2018 Preqin Global Private Equity & Venture Capital Report and other industry reports.

document_subtype: financial report


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 on the availability of capital to deploy in secondaries, supported by data from Greenhill and Bain & Company reports.

key_organizations:
Forrestal Capital LLC
Glendower Capital
Greenhill
Bain & Company


document_description: The document provides an analysis of unrealized private equity value in pre-crisis vintages, highlighting significant unrealized value in tail-end funds. It includes a breakdown of seller composition and unrealized PE value across different years.


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

document_subtype: financial analysis


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

title: SOF III Portfolio - Sponsor Exposure

document_subtype: financial portfolio summary

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


document_description: The document outlines the near-term investment pipeline for SOF IV as of March 31, 2018, detailing various projects, their deal types, regions, stages, sourcing methods, deal sizes, and SOF IV investments. It includes projects like Sunrise, Klein, Penguin II, and others, with investments ranging from $6 million to $1.4 billion.

title: SOF IV - Near term pipeline

key_locations:
North America
EMEA
Global
APAC

document_subtype: investment pipeline


document_description: This document outlines an exclusive GP-led secondary deal for Project Klein under SOF IV, expected to close in June 2018. The deal involves a mid-market buyout strategy focusing on Europe/UK, with investments in business services and healthcare services. 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, a network of UK medical and cosmetics clinics, an Italian digital marketing company, and a management consulting company. Glendower Capital is leading the transaction, leveraging its track record in complex transactions and a long-standing relationship with the GP founder.

title: SOF IV — Project Klein

document_date: June 2018

key_locations: Europe UK Italy


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

title: Glendower Capital Document


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

title: SOF IV - ILPA 2 Scorecard

document_subtype: scorecard

key_organizations: Institutional Limited Partner Association


document_description: This document contains information about Glendower Capital's investment strategy, secondary market updates, and key terms for their Secondary Opportunities Fund IV. It is marked as strictly confidential and is subject to confidentiality rules under Federal Rule of Criminal Procedure 6(e).

title: Glendower Capital Document


document_description: The document provides biographies of key team members at Forrestal Capital LLC, detailing their professional backgrounds and educational qualifications.

title: Forrestal Capital LLC Team Bios

key_people:
Rikesh Mohandoss
Devrup Banerjee
Aldrich Chan
Philippe Ferneini

key_locations:
New York
London

document_subtype: team bios

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


document_description: This document provides biographies of team members at Forrestal Capital LLC, detailing their roles, previous experience, and educational background.

title: Forrestal Capital LLC 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 Glendower Capital, 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:
Glendower Capital
Stifel
Citibank
Deutsche Bank
Brookfield Properties
Deloitte & Touche
London Air Ambulance
Grant Thornton


document_description: This document provides key information about the SOF III fund managed by Forrestal Capital LLC, including its first and final closing date, fund size, and investor distribution by region and type. It also details the size of individual commitments and the number of investors.

title: SOF III — Investor base

key_organizations:
Forrestal Capital LLC
Deutsche Bank
Glendower Capital


document_description: This document provides a detailed transaction summary for SOF III as of September 30, 2017, including project names, sourcing, seller types, deal types, funds, companies, invested and funded capital, initial closing dates, gross multiples, 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 Forrestal Capital LLC's SOF II portfolio as of September 30, 2017. It includes details on fund size, capital called, distributions, remaining NAV, and total net return. The document also outlines the sector composition, regional distribution, and vintage year distribution of the investments.

title: SOF II — Portfolio construction


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


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

title: Forrestal Capital LLC Portfolio Construction Overview


document_description: This document provides a financial summary of various investment projects managed by Forrestal Capital LLC 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 the conversion rates and performance figures.

document_subtype: financial summary


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 nature of the presentation, disclaimers about the information provided, and the risks associated with investing in the fund. It also discusses potential conflicts of interest with Credit Suisse Asset Management Limited, the fund's placement agent.

key_people:
Glendower Capital, LLP
Credit Suisse Asset Management Limited

document_subtype: confidential presentation


document_description: This document is a presentation by Glendower Capital regarding investment in a fund managed by them. It includes disclaimers about past performance not being indicative of future results, the potential for differing economic conditions, and the lack of assurance on achieving investment objectives. It emphasizes that the presentation does not constitute legal, investment, or other advice and highlights the high risks and lack of liquidity associated with the fund. The document also notes that no governmental authority has approved the offering of interests in the fund.

document_subtype: presentation

key_organizations:
Glendower Capital
Credit Suisse


document_description: The document provides key definitions related to investment terms used by Forrestal Capital LLC, including 'Single Asset Deal', 'Fund Secondary', 'GP-led Secondary', and various fund names such as '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: definitions

key_organizations:
Forrestal Capital LLC
Glendower Capital
FTSE Russell
London Stock Exchange Group
Thomson Reuters


document_description: This document is a presentation by Forrestal Capital LLC, 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 distributing the presentation and offering securities in these regions.

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

key_organizations:
Forrestal Capital LLC
Autoriti Monetan Brunei Darussalam
Registrar of Companies
Superintendencia de Valores y Seguros
SVS
Superintendence of Finance of Colombia
Guernsey Financial Services Commission
States of Guernsey Policy Council
Glendower Capital


document_description: This document provides important information for recipients in various jurisdictions regarding the offering of interests in a fund by Forrestal Capital LLC. It outlines specific conditions and disclaimers for recipients in Qatar, Saudi Arabia, Singapore, South Korea, and Switzerland, emphasizing the non-public nature of the offer and the need for independent investigation of risks.

title: Important Information for Recipients in Certain Jurisdictions

key_locations:
Qatar
Saudi Arabia
Singapore
South Korea
Switzerland
Geneva

document_subtype: promotional document

key_organizations:
Forrestal Capital LLC
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 by Glendower Capital. It outlines the legal and regulatory considerations for potential investors in St. Kitts and Nevis, the United Arab Emirates, and the United States. The document emphasizes that the offering is not registered with any regulatory authority in these jurisdictions and highlights the risks involved in investing, including the potential loss of the entire investment.

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

key_organizations:
Glendower Capital
Forrestal Capital LLC


document_description: A financial document related to Forrestal Capital LLC with empty fields for placement fee, initial capital contribution amount, and Deutsche Bank account number.

document_subtype: financial record

key_organizations:
Forrestal Capital LLC
Deutsche Bank


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

title: Supplement to the Confidential Private Placement Memorandum

document_subtype: Private Placement Memorandum Supplement

key_organizations:
Forrestal Capital LLC
Glendower Capital
Deutsche Bank Securities Inc.


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 Memorandum under 'Summary of Principal Terms of the Access Fund' detailing the Servicing Fee arrangement with Deutsche Bank Securities Inc. (DBSI) as Placement Agent for the Access Fund. 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:
Forrestal Capital LLC
Deutsche Bank Securities Inc.
Access Fund


document_description: The document outlines the placement fee structure for Deutsche Bank 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 Deutsche Bank's role as a placement agent.

document_subtype: Fee Schedule

key_organizations:
Deutsche Bank
Forrestal Capital LLC
Glendower GP
Glendower Capital, LLC


document_description: Form W-9 is used to request a taxpayer identification number (TIN) and certification from individuals or entities required to file an information return with the IRS. It includes sections for providing personal or business information, tax classification, and TIN. The form also includes a certification section under penalties of perjury.

title: Form W-9 (Rev. November 2017)

document_subtype: tax form


document_description: Instructions for completing Form W-9, including certification of TIN, backup withholding, FATCA reporting, and penalties for non-compliance. It provides guidance for U.S. persons and foreign entities on tax reporting and withholding requirements.

title: Form W-9 Instructions

document_subtype: tax form instructions


document_description: This document provides instructions for completing Form W-9, including information on exempt payees, FATCA exemption codes, and how to obtain a Taxpayer Identification Number (TIN). It also outlines the signature requirements for certification.

title: Form W-9 Instructions

document_subtype: tax document

key_organizations: IRS SSA

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


document_description: The document is a board resolution from Southern Trust Company, Inc., a U.S. Virgin Islands Corporation, certifying the unanimous adoption of certain resolutions by the Board of Directors on March 196, 2013. The resolutions involve the transfer of shares of Jeepers, Inc. to Jeffrey E. Epstein, making him the sole shareholder, and the merger of Financial Trust Company, Inc. into Southern Financial, LLC.

title: Consent of the Board of Directors of Southern Trust Company, Inc.

key_people:
Jeffrey Epstein
Darren K. Indyke
Richard Kahn

document_subtype: Board Resolution

key_organizations:
Southern Trust Company, Inc.
Financial Trust Company, Inc.
Jeepers, Inc.
Southern Financial, LLC


document_description: This document outlines the resolutions passed by the Board of Directors regarding the merger of FTC with SF, a wholly owned subsidiary of the Corporation. Jeffrey Epstein is to surrender 10,000 shares of FTC's Common Stock in exchange for 10,000 shares of the Corporation's Common Stock. The merger is intended to qualify as a tax-free reorganization under section 368(2)(1)(A) of the Internal Revenue Code. The President and officers of the Corporation are authorized to execute necessary documents to effectuate the merger.

document_subtype: Merger Agreement Resolution

key_organizations: FTC SF Corporation


document_description: Resolution executed by the directors of Financial Trust Company, Inc.

key_people:
Richard Kahn
Jeffrey E.
Darren K. Indyke
Auliard

document_subtype: resolution


document_description: Consent of the Board of Directors of Financial Infomatics, Inc. to adopt resolutions regarding corporate actions and appointments.

key_people:
Jeffrey Epstein
Darren Indyke
Richard Kahn


document_description: Corporate resolution detailing the appointment of officers, authorization of stock issuance, and other corporate governance matters for a corporation involving Jeffrey Epstein.

document_subtype: corporate resolution


document_description: This document outlines resolutions for the management of the Corporation's financial accounts and operations. It includes designating depositories for funds, opening and managing bank accounts, authorizing officers to handle financial transactions, and setting the fiscal year. It also authorizes officers to conduct business in various jurisdictions and appoint necessary agents.

key_people:
President of the Corporation
Secretary of the Corporation


document_description: Resolution authorizing officers of Financial Infomatia, Inc. to perform necessary actions to carry out corporate business.

key_people:
Jeffrey Epstein
Unbord Kalin
Darmn Indykc
Richard Kahn


document_description: Jeffrey E. Epstein subscribes for 10,000 shares of Common Stock of Financial Infomatics, Inc., a corporation in the United States Virgin Islands, agreeing to pay upon call of the Board of Directors. The subscription is accepted by Darren K. Indyke, Vice President of the corporation.

title: Subscription for Common Stock

key_people:
Jeffrey E. Epstein
Darren K. Indyke

document_subtype: Stock Subscription Agreement


document_description: Andrew King discusses the receipt of materials and the option for Frank to send an introductory email or for the team to provide pre-approved language.

key_people:
Andrew King
Frank

key_organizations:
Deutsche Bank Securities Inc.
Deutsche Bank Wealth Management


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

title: iCapital Advisors, LLC Form ADV Part 2A

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

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

key_organizations:
iCapital Advisors, LLC
Private Access Fund
Direct Investment Funds


document_description: The document is a Form ADV Part 2A from iCapital Advisors, LLC, detailing their investment strategies, methods of analysis, and risk management. It outlines the due diligence process for selecting fund managers and sub-advisers, focusing on providing investors access to select fund managers at lower investment minimums. The due diligence process includes quantitative and qualitative assessments, market analysis, and comprehensive evaluations of fund managers.

key_organizations:
iCapital Advisors, LLC
DF Enterprises


document_description: The document outlines iCapital Advisors, LLC's due diligence process for evaluating investment opportunities, particularly in 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 process involves evaluating internal rate of return, multiple on invested capital, and other financial metrics.

key_organizations:
iCapital Advisors, LLC
Castle Hall Alternatives Inc.


document_description: This document is a Form ADV Part 2A for iCapital Advisors, LLC, discussing the risks and conflicts of interest associated with investing in Private Access Funds. It highlights potential lack of diversification, higher fees, and lack of information regarding valuations and pricing. It also outlines the risks related to the Underlying Fund, including illiquidity, restrictions on transfer, and potential for total loss of investment. The document emphasizes that iCapital is not the General Partner or manager of the Underlying Fund and discusses indemnification provisions.

document_subtype: investment advisory document


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing the terms and conditions related to capital contributions to Private Access Funds. It outlines the responsibilities of investors, the lack of direct interest or recourse against the Underlying Fund, and the absence of voting rights for investors. It also discusses potential penalties for failing to meet capital contributions and the possibility of changes to the terms of the Underlying Fund.

key_organizations:
iCapital Advisors, LLC
Private Access Fund
Underlying Fund


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

key_organizations:
DF Enterprises
iCapital Advisors, LLC


document_description: The document discusses various financial risks associated with investment funds managed by iCapital Advisors, LLC. It covers topics such as cash position risk, leverage, and derivatives risk. The document outlines the potential impacts of holding cash, using leverage, and engaging in derivative transactions on a fund's performance and risk profile.


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing investment strategies, risks, and affiliations. It discusses the risks associated with investing in Real Estate Investment Trusts (REITs) and cybersecurity risks for private equity funds. It also provides information on iCapital's affiliations, including its relationship with iCapital Securities, a registered broker-dealer, and Gen II Fund Services, a fund administrator.

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 Code of Ethics and conflict of interest policies for iCapital Advisors, LLC. It includes guidelines for employee investments, participation in client transactions, and potential conflicts of interest due to compensation from underlying fund managers.

key_organizations:
iCapital Advisors, LLC
iCapital Securities, LLC