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

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


source: doj

document_description: This document outlines the terms and definitions related to the Glendower Access Secondary Opportunities IV (U.S.), L.P. Amended and Restated Limited Partnership Agreement. It includes definitions for terms such as List of Partners, Management Agreement, Management Fee, Net Gain or Loss, Nonrecourse Liability, and Non-Voting Interest.

document_type: tabular

document_subtype: Limited Partnership Agreement


document_description: This document outlines the terms and definitions related to the partnership agreement for Glendower Access Secondary Opportunities IV (International), L.P., a Cayman Islands exempted limited partnership. It includes definitions for terms such as Offshore Access Fund, Organizational Expenses, Parallel Access Fund, Partner Interest, and others. The document is marked as proprietary and confidential.

title: Amended and Restated Limited Partnership Agreement

document_subtype: Partnership Agreement


document_description: This document outlines the terms and conditions of the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions and provisions related to third-party indemnifiers, transfer expenses, treasury regulations, and details about the underlying fund, Glendower Capital Secondary Opportunities IV, LP.

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

document_type: financial

key_locations:
United States
European Union
District of Columbia


document_description: The document outlines the financial allocations and tax considerations for the partners of Southern Financial LLC, as per the Amended and Restated Limited Partnership Agreement. It includes provisions for special allocations to reflect economic interests and tax allocations in accordance with the Internal Revenue Code.

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


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

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

key_people:
General Partner
Investment Manager

key_locations:
Delaware
United States
England

document_subtype: Private Placement Memorandum

reference_numbers:
Rule 501(a)
Section 2(a)(51)


document_description: This document is a confidential investment memorandum for the Access Fund, suitable only for sophisticated investors willing to accept high risks and lack of liquidity. It outlines the relationship between the Access Fund and the Underlying Fund managed by Glendower, emphasizing that investors in the Access Fund will not have direct interests or rights in the Underlying Fund. The memorandum disclaims any responsibility by Glendower for the information provided and clarifies that the Access Fund is not an affiliate of the Underlying Fund.

document_subtype: investment memorandum

key_organizations:
Southern Financial LLC
Access Fund
Glendower Capital, LLP
Glendower Capital (U.S.), LLC


document_description: This document is a confidential investment memorandum for Southern Financial LLC, detailing the terms and conditions for subscribing to the Access Fund. It includes information on the minimum subscription amount, legal restrictions on distribution, and confidentiality obligations for recipients.

key_organizations:
Southern Financial LLC
Glendower
Institutional Capital Network, Inc.


document_description: This document is an investment memorandum for Southern Financial LLC's Access Fund. It outlines the terms of the offering, including the risks and restrictions involved. The memorandum supersedes any previous investment proposals and emphasizes that no unauthorized information should be relied upon. It also mentions the restrictions on transferability and resale of interests, and the requirement for investors to certify the beneficial ownership of interests to ensure compliance with the Employee Retirement Income Security Act of 1974.

key_organizations:
Southern Financial LLC
Access Fund
Glendower


document_description: The document discusses the aggregation of positions for CFTC position limit and large trader reporting purposes, including future requirements for swaps equivalent to commodity futures. It advises prospective investors to consult legal advisors regarding position aggregation and reporting requirements. The investment manager has filed for an exemption from CFTC registration as a CTA under specific CFTC rules, based on its registration as an investment adviser and the nature of its advice.

document_subtype: investment advisory

key_organizations:
Southern Financial LLC
CFTC
NFA


document_description: This document is a table of contents for a financial document related to Southern Financial LLC. It includes sections on the introduction, summary of principal terms of the access fund, certain risk factors and potential conflicts of interest, and tax, regulatory, and certain ERISA considerations. An appendix includes a confidential private placement memorandum of Glendower Capital Secondary Opportunities Fund IV, LP.

title: Table of Contents for Southern Financial LLC Document

document_date: November 2017

document_subtype: Table of Contents


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

key_people:
Investment Manager
General Partner

document_subtype: Investment Memorandum


document_description: The document outlines the procedures for initial and subsequent closings of the Access Fund managed by Southern Financial LLC. It details the responsibilities of the General Partner in notifying prospective Limited Partners about the Initial Closing and the conditions under which additional investors can be admitted in Subsequent Closings. It also specifies the financial obligations of investors joining after the Initial Closing, including capital contributions, management fees, and interest calculations.

document_subtype: Investment Fund Document

key_organizations:
Southern Financial LLC
Access Fund
Glendower GP


document_description: The document outlines the consequences of a Limited Partner's failure to provide required information or make capital contributions, which can lead to defaults under the Partnership Agreement. It details the remedies available to the Underlying Fund in case of such defaults, including the potential forfeiture of interests and the calling of additional capital from compliant Limited Partners. It also describes the bifurcated default process and the rights and remedies available to the General Partner and the Underlying Fund against Defaulting Access Fund Investors.

key_people:
General Partner
Investment Manager
Limited Partner
Glendower GP

document_type: legal

key_organizations:
Southern Financial LLC
Access Fund
Underlying Fund


document_description: The document outlines the distribution and allocation procedures for the Access Fund managed by Southern Financial LLC. It details how distributions from the Underlying Fund are to be handled, the maintenance of capital accounts, and the allocation of income, gain, loss, and deduction. It also covers the organizational and offering expenses that the Access Fund and its Limited Partners will bear, as well as other expenses related to the management and operation of the Access Fund.

key_organizations:
Southern Financial LLC
Access Fund


document_description: The document outlines various expenses and costs associated with the Access Fund, including legal, administrative, and investment-related expenses. It details costs related to litigation, consulting services, and operational expenses of alternative investment vehicles.

document_subtype: financial report

key_organizations:
Southern Financial LLC
Access Fund
Underlying Fund
General Partner
Investment Manager


document_description: The document outlines the financial responsibilities and fee structures for Limited Partners in relation to the Access Fund and Feeder Funds. It details how operating expenses, management fees, and other costs are allocated among the partners and funds.

document_subtype: Investment Agreement

key_organizations:
Southern Financial LLC
Access Fund
Feeder Fund
Underlying Fund


document_description: This document outlines the management fee structure for Limited Partners in relation to the Access Fund and the Underlying Fund. It details the calculation of management fees based on subscription amounts and investment periods, as well as the distribution of fees to the Investment Manager and Placement Agents. The document also notes the exclusivity of these fees from the Underlying Fund Management Fee and mentions the indirect payment of carried interest to Glendower GP.

key_organizations:
Southern Financial LLC
Access Fund
Underlying Fund
Investment Manager
Placement Agents
Glendower GP


document_description: The document outlines the terms and conditions for the Access Fund's use of Raymond James & Associates, Inc. or Raymond James Financial Services, Inc. as placement agents. It details the placement fee structure, marketing and fund servicing fees, and the underlying fund management fee. Limited partners are required to pay a placement fee up to 2.0% of their subscription, which is not considered a capital contribution. The document also mentions the management fee for the underlying fund and provides guidance for investors with subscriptions equal to or greater than $5 million.

document_subtype: Placement Agent Agreement

key_organizations:
Raymond James & Associates, Inc.
Raymond James Financial Services, Inc.
Access Fund
Glendower GP


document_description: The document outlines the carried interest distributions, indemnification, and withdrawal and transfer policies for the Access Fund associated with Southern Financial LLC. It details the carried interest distribution of 12.5% of net profits to Glendower GP, indemnification obligations of the Access Fund, and restrictions on withdrawal and transfer of interests by Limited Partners.


document_description: The document outlines the financial reporting and tax implications for Limited Partners of the Access Fund, managed by Southern Financial LLC. It details the provision of audited financial statements, IRS Schedule K-1, and quarterly reports to Limited Partners. It also discusses the U.S. federal income tax treatment of the Access Fund as a partnership and the implications for U.S. Tax-Exempt Investors, including the potential receipt of Unrelated Business Taxable Income (UBTI).

key_organizations:
Southern Financial LLC
Access Fund
U.S. Internal Revenue Service


document_description: This document outlines certain ERISA considerations for prospective investors in the Access Fund managed by Southern Financial LLC. It discusses the General Partner's efforts to ensure compliance with ERISA regulations, particularly regarding the ownership percentage of 'benefit plan investors.' It also covers the potential requirement for Limited Partners to return distributions to cover liabilities and the procedures for amending the Partnership Agreement.

document_subtype: investment document


document_description: The document outlines potential amendments to the Partnership Agreement of the Access Fund managed by Southern Financial LLC. It discusses conditions under which amendments can be made, voting rights of the General Partner and Investment Manager, and borrowing provisions for the Access Fund.

document_subtype: Partnership Agreement Amendment


document_description: The document outlines the borrowing and credit support capabilities of the Underlying Fund and its impact on the Access Fund's ability to borrow funds. It also details investor eligibility criteria and confidentiality obligations for Limited Partners.


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

document_subtype: Investor Information

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


document_description: The document outlines certain risk factors and potential conflicts of interest associated with investing in the Access Fund and the Underlying Fund. It highlights business and market risks, including changes in economic conditions, laws, and political situations, which could lead to substantial losses. It also discusses the role of Placement Agents, such as Raymond James, who receive fees for introducing investors to the fund, creating potential conflicts of interest.

document_subtype: investment risk disclosure

key_organizations:
Southern Financial LLC
Access Fund
Underlying Fund
Glendower


document_description: The document outlines the terms and conditions of an investment in the Access Fund managed by Southern Financial LLC. It discusses indemnification provisions, capital contributions, co-investment opportunities, and compensation arrangements. The document highlights potential risks and conflicts of interest for investors.

document_subtype: investment agreement

key_organizations:
Southern Financial LLC
Glendower GP
iCapital Securities, LLC


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

key_organizations:
Southern Financial LLC
iCapital Network
Glendower


document_description: The document outlines the collaboration and services agreements between the Investment Manager and Fidelity Brokerage Services LLC and National Financial Services LLC. It discusses compensation arrangements, potential conflicts of interest, educational programs for financial advisers, default penalties for Limited Partners, and ERISA considerations related to the Access Fund.

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


document_description: The document discusses the potential risks and characteristics of investing in the Access Fund, which has significant ownership interests in portfolio companies. It highlights the risk of ERISA controlled group liability, lack of recourse against the Underlying Fund, illiquidity of investments, lack of voting rights, and investment concentration risks.

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

key_organizations:
Access Fund
Underlying Fund
Glendower


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


document_description: The document outlines the financial obligations and rights of the Access Fund and its Limited Partners in relation to the Underlying Fund managed by Glendower GP. It details the conditions under which capital contributions can be recalled, the indemnification obligations of the Access Fund, and the multiple layers of expenses that will be borne by the Access Fund and its Limited Partners.

document_subtype: financial agreement


document_description: The document discusses the financial management and risks associated with the Access Fund's investment in the Underlying Fund. It covers topics such as cash management, over-commitment, lack of diversification, forward-looking statements, and disqualification of certain 'bad actors' from Rule 506 offerings.

key_organizations:
Access Fund
Underlying Fund
Southern Financial LLC


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

key_locations:
United States
Cayman Islands

document_subtype: investment fund analysis

key_organizations:
Southern Financial LLC
Cleary Gottlieb Steen & Hamilton LLP
Maples and Calder


document_description: The document provides tax-related information for Limited Partners of Southern Financial LLC, including implications of the 2017 Tax Legislation, potential 'phantom' income, and tax obligations for non-U.S. investors under FATCA. It advises consulting tax advisors for specific circumstances.

document_subtype: tax information

key_organizations:
Southern Financial LLC
Access Fund
Underlying Fund
IRS


document_description: The document discusses the impact of the Bipartisan Budget Act of 2015 on U.S. federal income tax audits of partnerships, specifically focusing on the BBA Rules and their implications for partnerships like the Access Fund. It outlines the potential tax liabilities for current and former partners and the possibility of adverse tax consequences due to the BBA Rules. The document also highlights other tax risks associated with investing in the Access Fund, including changes in tax laws and the potential for substantial taxation.

document_subtype: tax legislation summary


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:
Access Fund
IRS
Southern Financial LLC


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. The document advises non-U.S. persons and certain categories of investors to consult their own tax advisors. It also notes that the summary does not cover all possible tax considerations, including those under foreign, state, or local laws.

key_locations:
United States
District of Columbia

document_subtype: tax considerations

key_organizations:
Southern Financial LLC
Access Fund
IRS


document_description: This document is a tax summary for prospective investors in the Access Fund and Underlying Fund, expected to be treated as partnerships for U.S. federal income tax purposes. It outlines potential tax consequences and advises investors to consult their own tax advisors. The document discusses the possibility of the Funds being treated as corporations if they fail to qualify as partnerships, which would result in different tax implications.

document_subtype: tax summary

key_organizations:
Southern Financial LLC
Access Fund
Underlying Fund


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

document_subtype: tax discussion

key_organizations:
Southern Financial LLC
Access Fund


document_description: The document discusses the tax implications and conditions related to the sale of interests in Southern Financial LLC's Access Fund. It covers capital gains, tax basis adjustments, and limitations on the deductibility of interest expenses for non-corporate taxpayers. The document also outlines the conditions under which the Access Fund would terminate for U.S. federal income tax purposes and the potential elections under Section 754 of the Code.


document_description: The document discusses the tax implications for the Access Fund, including the treatment of capital losses, capital gains, and ordinary income from interest and fees. It also covers the tax treatment of debt investments, original issue discount, market discount, and contingent payment debt instruments. Additionally, it addresses uncertainties in U.S. federal income tax law related to debt restructuring.


document_description: The document discusses the tax implications of restructuring debt obligations and investments by the Access Fund, including potential taxable events, investments in derivatives, partnerships, and passive foreign investment companies (PFICs). It highlights the complexities and potential tax liabilities for Limited Partners and advises consulting tax advisors.

key_organizations:
Access Fund
Southern Financial LLC


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

key_organizations:
Southern Financial LLC
Access Fund
United States Internal Revenue Service


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


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

document_subtype: legal disclosure

key_organizations:
Access Fund
General Partner
Investment Manager
National Futures Association


document_description: The document outlines regulatory and compliance requirements for investors in the Access Fund managed by Glendower GP. It addresses anti-money laundering measures, the non-applicability of the AIFM Directive, and ERISA considerations for U.S. pension plans.

document_subtype: investment memorandum

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


document_description: This document discusses the implications of the 2017 Fiduciary Rule on investments by ERISA Plans and Individual Plans in the Access Fund managed by Southern Financial LLC. It outlines the fiduciary responsibilities and potential prohibited transactions under ERISA and the Code, and the conditions under which the Seller's Exclusion applies. The document also explains the significance of plan assets and the 25% ownership rule for benefit plan investors.

key_organizations:
Southern Financial LLC
U.S. Department of Labor


document_description: The document discusses the classification of equity interests in the Access Fund, particularly in relation to ERISA regulations. It outlines the implications if the Access Fund's assets are considered plan assets under ERISA, including fiduciary responsibilities and potential liabilities. It also addresses reporting requirements for ERISA Plan investors on Form 5500 and considerations for governmental pension plans. The document advises fiduciaries to consult legal counsel regarding ERISA and investment decisions.


document_description: This document is a supplement to the Private Placement Memorandum dated January 2018, related to the offering of limited partnership interests in Glendower Access Secondary Opportunities IV (U.S.), L.P. It is intended for potential investors considering the purchase of interests in the Access Fund.

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

document_date: March 2018

document_subtype: Private Placement Memorandum Supplement

key_organizations:
Southern Financial LLC
Glendower Capital


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 and modifies the original Memorandum, particularly regarding the investment in Glendower Capital Secondary Opportunities Fund IV, LP. The supplement allows investors to disclose tax treatment and structure to advisors and tax authorities but restricts disclosure of other sensitive information.


document_description: Amendments to the risk factors and potential conflicts of interest sections related to the Access Fund and its relationship with the Underlying Fund. The amendments address investor rights, indemnification obligations, and repayment of distributions.

document_type: correspondence

document_subtype: amendment

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


document_description: The document outlines the indemnity obligations of the Access Fund and the Underlying Fund, including the funding of indemnification claims 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

key_organizations:
Southern Financial LLC
Access Fund
Underlying Fund
Glendower GP


document_description: The document is a confidential financial document related to Southern Financial LLC, marked as confidential under 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 includes details on the fund's financial promotion under the UK Financial Services and Markets Act 2000 and outlines the terms, risks, and legal disclaimers associated with the investment.

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

document_subtype: Private Placement Memorandum

key_organizations:
Glendower Capital LLP
UK Financial Conduct Authority


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines that the fund will not be registered under the U.S. Investment Company Act of 1940 or the U.S. Securities Act of 1933. The interests are offered only to qualifying recipients and involve significant risks, including lack of liquidity and indefinite financial risk. The memorandum advises prospective investors to consult their advisors and emphasizes that past performance is not indicative of future results.

title: Confidential Private Placement Memorandum

key_organizations:
Glendower Capital
Southern Financial LLC
DB Secondary Opportunities Fund A, L.P.
DB Secondary Opportunities Fund B, L.P.
DB Secondary Opportunities Fund C, L.P.
DB Secondary Opportunities Fund D, L.P.
Secondary Opportunities Fund II, LP
Secondary Opportunities Fund III, LP


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the past performance of the SOF funds managed by Deutsche Bank and the transition of management to Glendower Capital (U.S.), LLC. The memorandum includes forward-looking statements and outlines the legal and tax structure required for the fund's activities. It also clarifies that the memorandum does not constitute an offer or solicitation in any jurisdiction where it is unlawful.

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

document_subtype: Confidential Private Placement Memorandum


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

key_organizations:
Southern Financial LLC
Glendower Capital
Credit Suisse


document_description: The document contains contact information for Glendower Capital and associated individuals, including Carlo Pirzio-Biroli, Joshua C. Glaser, and Michael J. Murphy. It also mentions Credit Suisse Asset Management Limited.

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. It includes sections on executive summary, investment performance, fund management, risk factors, and legal considerations, among others. Appendices cover notices to investors, privacy, anti-money laundering, key definitions, performance information, and the board of directors.

key_organizations:
Glendower Capital
Southern Financial LLC


document_description: This document is a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, associated with Southern Financial 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 US$1.75 billion in commitments to generate returns through diverse investments in buyout, growth capital, venture capital, and more, primarily in the U.S. and Europe. It is the fourth fund led by Carlo Pirzio-Biroli and Charles Smith, following their spin-out from Deutsche Asset Management in 2017.

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

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

key_locations:
U.S.
Europe
London
New York

document_subtype: Executive Summary

key_organizations:
Glendower Capital
Deutsche Asset Management
Deutsche Bank


document_description: The document is a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the history and strategy of the fund, including its spin-out from Deutsche Asset Management in 2017. The memorandum highlights the benefits of secondary market investing, such as capitalizing on information asymmetries and mitigating blind pool risk. It also discusses the transition of the secondary market to an institutionalized market with significant transaction volumes and available capital.

key_people:
Glendower Capital Team
Deutsche Asset Management Team

key_organizations:
Glendower Capital
Deutsche Asset Management
Secondary Opportunities Fund II, LP
Secondary Opportunities Fund III, LP


document_description: The document outlines the investment strategy and focus areas of the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the fund's approach to less competitive transactions, value investing, risk mitigation, and portfolio management. The fund aims to leverage relationships and expertise to pursue complex transactions and co-investments in private equity.

key_organizations:
Glendower Capital
Deutsche Asset Management


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

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

key_locations:
London
New York


document_description: The document is an executive summary for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the fund's strategy of leveraging relationships with over 180 fund sponsors to conduct a rigorous, value-driven analysis of portfolio companies. The fund focuses on operational, financial, and market risk analysis, cash flow analysis, and management review. It aims to identify investment opportunities with aligned interests between fund sponsors and investors. The document also highlights the strong alignment of interests between the Glendower SOF Team and investors, with senior members committing a minimum of 1.0% of the fund and receiving all carried interest. Deutsche Bank will not be involved in the management of the fund.

title: Glendower Capital Secondary Opportunities Fund IV. LP

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 IV, LP, managed by Southern Financial LLC.

title: Investment Performance


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

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

key_locations:
North America
Europe
Asia

document_subtype: Investment Performance Report


document_description: The document provides a performance analysis of the Glendower Capital Secondary Opportunities Fund IV, LP, comparing its performance metrics such as Net IRR, DPI, and TVPI against the Cambridge Associates Secondaries Benchmark and Global Buyout Benchmark as of September 30, 2017. The analysis includes data for SOF, SOF D, SOF II, and SOF III across various vintage years, highlighting their strong performance relative to benchmarks.

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 leveling off 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.

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


document_description: The document compares the performance of the SOF Program against public market indexes such as the MSCI World Index, Russell 2000 Index, and Thomson Reuters Private Equity Buyout Index. The SOF Program, including SOF, SOF D, SOF II, and SOF III, shows favorable performance compared to these public markets.

title: Scotian 2: Investment Performance

key_organizations: Glendower Capital Secondary Opportunities Fund IV, LP


document_description: This document is a summary of the principal terms for the Glendower Capital Secondary Opportunities Fund Pt LP, issued by Southern Financial LLC.

title: Summary of Principal Terms


document_description: This document provides a summary of the 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 the general partner's share and carried interest.

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

key_people:
Glendower Capital, LLP
Glendower Capital (U.S.), LLC

document_subtype: Investment Fund Summary


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


document_description: The document outlines the investment strategy for the Glendower Capital Secondary Opportunities Fund IV, LP (SOF IV), which is established by Glendower Capital. The fund aims to pursue a disciplined investment strategy in the secondary market, focusing on fund secondaries, GP-led secondaries, and single asset deals. It targets investments primarily in the U.S. and Europe, with a focus on smaller fund secondaries and larger GP-led secondaries. The fund seeks to achieve risk-adjusted returns in excess of 20% Net IRR.


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 transaction structuring.

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 market conditions on pricing, including the overheated market in 2006-2007 and the recovery post-2009. The analysis includes data on annual volume and pricing as a percentage of NAV, with insights into market stability and transaction conditions.

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 discusses the balanced supply and demand in the secondary market, with Glendower Capital estimating a 2.2x ratio of dry powder to annual deal volume. It highlights the diverse seller composition in 2017 and the strategic use of the secondary market for portfolio management. The document includes tables showing dry powder and deal volume values.

key_organizations:
Glendower Capital
Greenhill
Greenhill Cogent
Preqin
Bain & Company


document_description: The document provides a breakdown of seller types and their percentages in the Glendower Capital Secondary Opportunities Fund IV, LP for 2017. It also includes data on funds marketed by vintage year and the emergence of tail-end sales in the secondary market. The document highlights the significant supply of secondary opportunities in pre-crisis bubble funds, with private equity assets still locked in 2003-2008 vintage funds.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Seller Composition and Market Trends

key_organizations:
Glendower Capital
Greenhill Cogent
Preqin


document_description: The document discusses the growth and prominence of GP-led Secondaries, highlighting the volume and trends from 2006 to 2017. It includes a table showing the transaction volume and percentage of total for each year. The document also outlines factors driving the trend for general partners to organize liquidity solutions, such as the global financial crisis and proactive approaches by LPs.

key_organizations:
Glendower Capital
Greenhill Cogent
Evercore


document_description: The document discusses the role of GP-led Secondaries in the market, highlighting their growth and the complexities involved in such transactions. It emphasizes the need for advanced expertise and larger teams to handle these transactions, and outlines Glendower's cautious approach to GP-led Secondaries, focusing on alignment with managers and attractive assets.

key_organizations:
Glendower Capital
BC Partners
DIAMOND CASTLE
EGT
One Equity Partners
WARBURG PINCUS
NORDIC CAPITAL
DUKE STREET
LON POINT CATAL
QUADRICA CAPITAL
ARCO REAL ESTATE
GMT
Pollen Street
ENHANCED HEALTHCARE PARTNERS
Zurmont Madison Capital


document_description: The document discusses the competitive environment of the secondary market for funds, focusing on Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the fund's positioning in the mid-sized segment of the market, which is considered attractive for building diversified portfolios. The document also includes a table showing the competitive landscape and sourcing strategies for secondary funds.


document_description: The document outlines the investment strategy and process of Glendower Capital Secondary Opportunities Fund IV, LP. It focuses on mature fund interests, reducing 'blind pool risk' by targeting funds that are at least 50% drawn. The investment process includes deal origination, screening, investment decision, monitoring, and realisation. The fund aims to purchase funds through exclusive or minimally competitive transactions using its network of industry relationships.

key_organizations:
Glendower Capital
Glendower SOF Team
Southern Financial LLC


document_description: The document outlines the ongoing deal management and investment realization strategies for the Glendower Capital Secondary Opportunities Fund IV, LP. It details the responsibilities of the Glendower SOF Team in managing investments, including attending meetings, reviewing financial information, monitoring market developments, and preparing valuations. The document also describes the process for realizing investments, including due diligence and approval stages for divestments.


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


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP, detailing fund management.

title: Glendower Capital Secondary Opportunities Fund IV. LP - Fund Management


document_description: The document provides an overview of Glendower Capital's management of the Glendower Capital Secondary Opportunities Fund IV, LP. It details the fund management structure, investment team, and investment committee. Glendower Capital, an independent investment firm, focuses on secondary private markets and was formed by a team that spun out from Deutsche Asset Management in 2017. The document outlines the firm's operations, team composition, and investment strategies.

key_people:
Carlo Pirzio-Biroli
Charles Smith
Chi Cheung
Adam Graev
Francesco Rigamonti
Emilio Olmos
Rikesh Mohandoss

key_organizations:
Glendower Capital
Deutsche Asset Management
FCA


document_description: This document provides information about the management team of the Glendower Capital Secondary Opportunities Fund IV, LP, including the roles and backgrounds of key members of the investment committee and other professionals involved in fund operations.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Fund Management

key_people:
Carlo PlaJo-Biroll
Charles Smith
Adam Graev
Chi Cheung
Emilio Olmos
Deirdre Davies

key_locations:
London
New York
Southern Europe
Middle East
Asia

document_subtype: Fund Management

key_organizations:
Glendower Capital
Deutsche Bank
Pomona Capital
Lehman Brothers Private Equity
Chatterjee Group
Soros Fund Management
ADIA
UBS
Credit Suisse
Lafarge


document_description: This document provides information about the senior team and their roles at Glendower Capital Secondary Opportunities Fund IV, LP. It includes details about the professional backgrounds and responsibilities of key team members such as Deirdre, Joshua Glaser, Francesco Rigamonti, Rikesh Mohandoss, Katherine Weaver, Victoria Loldi, Devrup Banerjee, and Aldrich Chan. The document highlights their previous experiences and educational backgrounds.

key_people:
Deirdre
Joshua Glaser
Francesco Rigamonti
Rikesh Mohandoss
Katherine Weaver
Victoria Loldi
Devrup Banerjee
Aldrich Chan

key_locations:
New York
Milan
South Africa
London
Italy

key_organizations:
Glendower Capital
Deutsche Bank
KPMG
Paul Capital
Forum Capital
CIBC Oppenheimer
Gallo & Co.
Federal Home Loan Mortgage Corporation
Brookfield Office Properties
Trizec Properties
HSBC
Goldman Sachs
UBS Investment Bank


document_description: This document provides information about the team members of Glendower Capital Secondary Opportunities Fund IV, LP, including their roles, responsibilities, and backgrounds. It also mentions future recruitment plans for the investment team.

key_people:
Philippe Femeini
Elena Smimova
Louise Schoeman
Jonathan Roome
Douglas O'Connell
Rafael Enrlquez-Hesles
Sheldon Lee

key_organizations:
Glendower Capital
Deutsche Asset Management
Credit Suisse
Booz & Company
HSBC
London's Air Ambulance
Metropolitan Real Estate
The Carlyle Group
Wel
Citibank


document_description: This document is a summary of terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP, issued by Southern Financial LLC.

title: Summary of Terms and Conditions


document_description: This document provides a summary of the principal terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the investment objectives, the roles of the General Partner and the Manager, and the structure of the Fund. The Fund aims to generate attractive risk-adjusted returns through various investment strategies in the secondary market, primarily targeting the U.S. and Europe. The General Partner and Manager roles are defined, with Glendower Capital, LLP managing the Fund's investment strategy.

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

key_locations:
Cayman Islands
United Kingdom
U.S.
Europe

key_organizations: Glendower Capital SOF IV (Alternate GP), LLP


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.

key_people:
General Partner
Limited Partners
Manager
Glendower Capital (U.S.), LLC


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes investment restrictions, indebtedness policies, hedging strategies, and the General Partner's share allocation. Key points include investment limits in single funds, borrowing strategies for investment facilitation, and hedging transactions for risk management.

key_organizations:
Glendower Capital
Southern Financial LLC


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 Investors, and distribution of net proceeds. It specifies the financial commitments and distribution structure for partners and special limited partners.

title: Scotian 6: Summary of Terms and Conditions

key_people:
General Partner
Second GP
Special Limited Partner


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

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. It includes details on feeder and parallel funds, successor funds, allocation of investment opportunities, transfers and withdrawals, reporting and valuations, and disclosure of changes to leverage provisions. The document specifies the rights and obligations of the Manager and Limited Partners, including restrictions on successor funds, allocation guidelines, and reporting requirements.

key_organizations:
Glendower Capital
Glendower Capital, LLP
Southern Financial LLC


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes details on co-investment opportunities, alternative vehicles, parallel funds, feeder funds, and side letters. The Manager has discretion over co-investment opportunities and the use of alternative vehicles. Parallel and feeder funds may be established to meet investor requirements. Side letters can establish additional rights or alter terms for specific Limited Partners.


document_description: This document is a summary of terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines indemnification clauses, conditions for the removal of the General Partner, amendments to the Fund Partnership Agreement, default provisions, and the term of the Fund. The document specifies that the General Partner and other covered persons are indemnified against claims except in cases of bad faith or legal violations. It also details the process for 'For Cause' and 'No Fault' removal of the General Partner, and the conditions under which the Fund Partnership Agreement can be amended.

key_people:
General Partner
Manager
Second GP


document_description: The document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP, including the appointment of Aztec Financial Services (UK) Limited as the AIFMD-compliant depositary and Credit Suisse Asset Management Limited as the global placement agent.

key_organizations:
Glendower Capital
Aztec Financial Services (UK) Limited
Credit Suisse Asset Management Limited


document_description: This document is a section from the Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, focusing on risk factors associated with the investment.

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


document_description: The document outlines the risk factors associated with investments made by the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the potential risks related to leverage, investments in troubled and leveraged companies, venture capital investments, valuation issues, lack of liquidity, and the absence of an established market for secondaries investments.


document_description: This document outlines the risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the risks of secondary investments in real estate and related assets, multiple levels of expenses, contingent liabilities in secondary transactions, independent investment by underlying funds, and lack of direct interest for investors in portfolio investments.

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

document_subtype: Risk Factors


document_description: The document outlines various risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the limited ability to negotiate secondary transaction terms, the potential for investments to extend beyond the fund's term, the illiquid nature of investments, restrictions on transfer and withdrawal, and performance risks. The document emphasizes that the fund is suitable only for sophisticated investors who can withstand the potential loss of their entire investment.

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


document_description: This document outlines the risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the unpredictability of future events, potential poor performance of investments, exclusive loss bearing by the Fund and its partners, risks associated with leverage, and the use of subscription line facilities. It also mentions the potential for accelerated carried interest due to borrowing strategies and the lack of guarantees on the accuracy of investment history data.


document_description: This document is a section from the Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, detailing risk factors associated with the fund. It discusses the competitive nature of the fund's business, dependence on the manager and key personnel, lack of operating history, and prior affiliation with Deutsche Bank.

key_people:
Manager
Key Persons

key_organizations:
Glendower Capital
Deutsche Bank
SOF Funds


document_description: The document outlines risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP, including valuation risk, absence of Investment Company Act protection, tax risks, and implications of Base Erosion and Profit Shifting (BEPS) initiatives.

key_organizations: Organization for Economic Co-operation and Development (OECD)


document_description: This section outlines various tax-related risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses potential tax implications for investors, changes in tax laws, and the impact of recent U.S. legislation on carried interest. It also highlights the risks of phantom income and the UK Criminal Finances Act 2017 regarding the facilitation of tax evasion.

key_locations:
United States
United Kingdom


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 upon 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 various risk factors associated with investments in emerging markets, legal counsel arrangements, diverse investor 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, conflicts of interest among diverse investors, and challenges in enforcing contractual obligations due to sovereign immunities.

key_organizations: Glendower Capital Secondary Opportunities Fund IV, LP


document_description: The document outlines risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP, including the potential for side letters that may offer more favorable terms to certain investors, general market risks, economic conditions, interest rate impacts, and the effects of inflation and deflation on investments.

key_people:
General Partner
Manager
Limited Partners


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. Deflation could reduce returns due to tighter money supply and credit. Currency risks arise from investments in non-U.S. currencies, potentially affecting value due to exchange rate changes. Disruptions in debt markets may limit financing options, affecting investment strategies. Legal and regulatory changes could impact the fund's operations and strategy.


document_description: This document outlines the 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 its effects on the asset management industry, and the legal obligations related to anti-money laundering.

key_locations:
UK
European Union


document_description: The document outlines risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses risks related to electronic communications, cybersecurity threats, pay-to-play laws, and forward-looking information. The document emphasizes the potential adverse effects of non-compliance with regulations and the unpredictability of future events.

key_organizations:
Glendower Capital
Southern Financial LLC
Credit Suisse Asset Management Limited


document_description: This document outlines potential conflicts of interest related to the investment activities of the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the role of the Manager and the Fund Advisory Committee in managing these conflicts, the potential for conflicts among investors, the allocation of broken deal expenses, and the influence of personal investments by management team members. It also addresses the impact of Carried Interest on investment decisions.

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

key_people:
Manager
General Partner
Fund Advisory Committee

document_subtype: investment document


document_description: The document discusses potential conflicts of interest related to the performance-based compensation of the Manager of the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the role of the Fund Advisory Committee in identifying and consulting on conflicts of interest between the Fund and the Manager.


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


document_description: This document is a section from the Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines certain legal, ERISA, and tax considerations, including valuation methods, fair treatment of investors, liquidity management, and professional liability risk. The fund is governed by English law and is registered under the Limited Partnerships Act 1907.


document_description: This document is a section from the Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines legal and financial considerations, including risk management, leverage, net asset value, and the role of the Depositary. The document specifies that no investors have been admitted to the Fund, and thus there is no net asset value or historical performance data. Aztec Financial Services (UK) Limited is named as the Depositary, with specific duties and limitations of liability outlined.

key_organizations:
Glendower Capital
Aztec Financial Services (UK) Limited


document_description: This document outlines legal considerations related to the offering of interests by Glendower Capital Secondary Opportunities Fund IV, LP, under the Securities Act of 1933. It discusses the non-registration of interests under U.S. or non-U.S. securities laws and the reliance on exemptions for private offerings. It also details past legal issues involving Credit Suisse and Raymond James related to auction rate securities.

key_locations:
New York
Puerto Rico
Virgin Islands
District of Columbia


document_description: The document outlines legal, ERISA, and tax considerations for Glendower Capital Secondary Opportunities Fund IV, LP, in relation to the U.S. Securities Exchange Act of 1934, the Investment Company Act of 1940, and the U.S. Investment Advisers Act of 1940. It discusses the requirements for SEC filings, exemptions from registration, and restrictions on offers and sales of interests.

document_subtype: Legal Considerations


document_description: The document discusses legal, ERISA, and tax considerations for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines exemptions from registration with the U.S. Commodity Futures Trading Commission (CFTC) for the Manager and General Partner, and details ERISA considerations for fiduciaries of employee benefit plans investing in the fund.

reference_numbers: Section 4975 of the U.S. Internal Revenue Code of 1986


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


document_description: This section of the memorandum discusses the legal, ERISA, and tax considerations for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights potential penalties for non-compliance with tax laws, the complexity of UK tax considerations, and the responsibilities of investors regarding tax reporting and liabilities. The fund is structured as an English limited partnership, and its tax treatment is based on it being an investment partnership. The document advises investors to consult with tax advisers for specific tax implications.

title: Section 9: Certain Legal, ERISA and Tax Considerations


document_description: This document outlines the tax considerations for UK resident investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It details the tax implications on income and capital gains for investors, including the requirement for a unique taxpayer reference (UTR) and potential tax credits for foreign taxes. It also discusses the treatment of capital gains and the impact of pro rata distributions of fund assets.

document_subtype: tax considerations


document_description: This document outlines the tax considerations for investors in the Glendower Capital Secondary Opportunities Fund IV, LP, particularly focusing on UK tax implications for both UK and non-UK residents. It discusses the treatment of offshore funds, controlled foreign companies, unrealized gains or losses, and the implications for pension funds and other exempt bodies. It also covers UK taxation of non-UK resident investors, including income and capital gains tax, and inheritance tax considerations for limited partnership interests.

title: Cedar Legal. ERISA and Tax Considerations


document_description: The document discusses the implications of the Foreign Account Tax Compliance Act (FATCA) and other international tax 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: This section discusses the tax implications and withholding tax responsibilities for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the potential for foreign tax credits or deductions and the treatment of withholding taxes as distributions. It also advises investors to consult tax advisers for alternative investment vehicles.

title: Certain Legal, ERISA and Tax Considerations


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the regulatory considerations and restrictions for offering and marketing the fund in various jurisdictions including the Netherlands, Sweden, the United Kingdom, Australia, and Bahrain. The memorandum specifies that the fund is targeted at professional investors and is subject to different regulatory requirements in each country.

key_locations:
The Netherlands
Sweden
United Kingdom
Australia
Bahrain

key_organizations:
Glendower Capital
Southern Financial LLC
Finansinspektionen
FCA
Central Bank of Bahrain


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP, governed by Colombian law. It outlines the legal restrictions and requirements for offering interests in the fund to Colombian and Dubai International Financial Centre (DIFC) investors. The memorandum specifies that the interests are not registered with Colombian or DIFC authorities and are not considered public offerings. It also details the responsibilities of Colombian investors regarding compliance with local laws and the illiquid nature of the interests.

key_locations:
Colombia
Dubai International Financial Centre

key_organizations: Financial Supervisory Authority of Colombia


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the 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.

key_locations:
Switzerland
Taiwan
United Arab Emirates
United States of America

reference_numbers: SCA Board of Directors' Chairman Decision No. (91R.M) of 2016

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


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

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

key_organizations:
Glendower Capital LLP
UK Information Commissioner's Office


document_description: This document is a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It includes key definitions related to the fund's legal, ERISA, and tax considerations, as well as investment terms and conditions.

title: Confidential Private Placement Memorandum


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes a table defining various financial and legal terms related to the fund, such as Depositary Agreement, Deutsche Asset Management, ERISA, and others. The document is marked as confidential and is subject to federal rules of criminal procedure.

title: GLDUS238 SOUTHERN FINANCIAL LLC

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


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

title: Glendower Capital Secondary Opportunities Fund IV. LP

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

key_organizations:
Glendower
Southern Financial LLC
IRS
OECD


document_description: The document provides performance information for the 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 explains the calculation methods for these metrics, the effects of leverage on IRR, and the inherent uncertainties in Net Asset Value (NAV) estimation. The document also discusses benchmark analysis against other private equity funds.

title: Appendix 5 Important Performance Information


document_description: This document is a directory listing the roles and associated entities for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes information about the fund, manager, special counsel, auditors, depositary, fund administrator, and placement agents.

title: Appendix 6 Directory

document_subtype: Directory


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

title: Appendix 7 Board of Directors of the General Partner

key_people:
Alan Turner
Andrew Johnson
Kirsten Le Pape
Vanessa Barrett

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

document_subtype: Board of Directors Proposal

key_organizations: Cayman Islands Institute of Professional Accountants


document_description: This document is a confidential private placement memorandum related to Glendower Capital Secondary Opportunities Fund IV, LP. It includes contact information for Glendower Capital in the United States and Europe, as well as for 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, United States
London, United Kingdom

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


document_description: This document is a disclosure statement involving Deutsche Bank Securities Inc. (Solicitation Agent), Glendower Access Secondary Opportunities IV GP LLC, and iCapital Advisors, LLC. It outlines the agreement for the Solicitation Agent to solicit clients for investment in Glendower Access Secondary Opportunities IV funds. The document details the compensation structure for the Solicitation Agent, including a one-time Placement Fee and a quarterly Servicing Fee based on the subscription amount of the clients introduced by Deutsche Bank.

document_subtype: Disclosure Statement

key_organizations:
Deutsche Bank
Glendower
iCapital


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

key_organizations:
Southern Financial LLC
Access Fund
Glendower GP
Glendower Capital LLC
Solicitation Agent
iCapital


document_description: A financial document related to Southern Financial LLC, marked as confidential under Federal Rule of Criminal Procedure 6(e).

document_subtype: financial record


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

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

document_subtype: Limited Partner Subscription Agreement


document_description: Instructions for investors interested in purchasing a limited partner interest in Glendower Access Secondary Opportunities IV (U.S.), L.P. The document outlines the steps for completing the Subscription Agreement and the required client identification documents.

document_subtype: Investment Instructions


document_description: This document outlines the terms and conditions for an investor purchasing an interest in Southern Financial 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 emphasizes the risks involved, including the lack of a public market for the interest and potential tax consequences.

document_subtype: Investment Agreement


document_description: The document outlines the investment representations and risk factors for an investor in a partnership managed by Southern Financial LLC. It includes acknowledgments about the partnership's non-registration as an investment company, the investor's qualified purchaser status, conflicts of interest, and additional risk factors related to the partnership's financial and operational history.


document_description: This document outlines the terms and conditions for an investor's capital contribution to Southern Financial LLC. It includes clauses on full contribution, liquidity needs, investment objectives, securities laws, and regulatory matters related to the U.S. Commodity Futures Trading Commission (CFTC).


document_description: This document outlines the terms and conditions for an investor, specifically if the investor is a corporation, trust, partnership, limited liability company, or other entity. It includes provisions to ensure compliance with the Securities Exchange Act of 1934 and the Securities Act, particularly regarding beneficial ownership and disqualifying events. It also covers the investor's power and authority to execute agreements and the binding nature of the agreements.

document_subtype: investment agreement


document_description: This document outlines the terms and conditions of an agreement between an investor and Southern Financial LLC. It includes clauses on the enforceability of the agreement, the investor's knowledge and experience, tax considerations, and the status of the investor as a disregarded entity. The document also addresses the investor's consents and authorizations required for the execution of the agreement.

document_subtype: Partnership Agreement


document_description: The document outlines the terms and conditions related to the financial and legal structure of Southern Financial LLC's partnership. It specifies the tax classification of the entity, restrictions on transferring interests, and the role of legal counsel. It also includes a privacy notice regarding the handling of financial information.

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


document_description: The document outlines compliance requirements for investors in Southern Financial LLC, focusing on prohibitions related to sanctioned parties, non-cooperative jurisdictions, senior foreign political figures, and foreign shell banks. It specifies that no cash or property contributed by investors should be derived from or related to these prohibited entities or activities.

document_subtype: financial compliance document

key_organizations:
Southern Financial LLC
Financial Action Task Force
U.S. Treasury Department


document_description: This document outlines the confidentiality obligations of an investor in a partnership managed by Southern Financial 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 legal agreements and acknowledgments between an investor and Glendower Capital Secondary Opportunities IV, LP, an English private fund limited partnership. It specifies the investor's lack of direct interest, voting rights, or recourse against the Underlying Fund and its management. It also details the investor's acknowledgment of additional fees and expenses, and the limitations on legal actions against the fund. Additionally, it includes representations for 'Plan Investors' under ERISA and related regulations.


document_description: The document outlines the terms of a Partnership Agreement involving Southern Financial LLC and an Investor. It specifies the roles and responsibilities of the General Partner and iCapital Securities, LLC, emphasizing that they do not provide investment advice. The Investor Fiduciary is responsible for independent judgment regarding investment decisions. The document also highlights the importance of understanding the Partnership's governing documents, investment objectives, and potential conflicts of interest.

key_people:
General Partner
Investor Fiduciary

key_organizations:
Southern Financial LLC
iCapital Securities, LLC


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


document_description: This document outlines the terms and conditions for the sale and purchase of interests in a partnership, including capital contributions, agreements with other limited partners, and representations and warranties of the partnership and the general partner. It specifies the organizational standing of the partnership, governmental and regulatory approvals, sale of interests, and due execution and delivery of the agreement.

key_people:
General Partner
Investor


document_description: This document is an investment agreement between an investor and Southern Financial LLC, outlining the terms and conditions for purchasing an interest in a partnership. It includes representations and warranties by the investor, requirements for additional information, indemnity clauses, and conditions related to financial advisor accounts.

key_organizations:
Southern Financial LLC
Partnership
General Partner
Investment Manager


document_description: This document outlines the obligations of an investor in a partnership, including providing necessary tax forms and information for compliance with FATCA and CRS regulations. It also includes a consent for receiving Schedule K-1 electronically.


document_description: A financial document related to Southern Financial LLC, marked as proprietary and confidential, with references to federal rules and specific identifiers.


document_description: A form for prospective investors to complete, indicating whether they are investing as an individual or entity, and whether they are a U.S. Person. It requires personal or entity information such as tax identification, address, and contact details.

document_subtype: investment form


document_description: A financial document related to Southern Financial LLC, containing sections on employment status, employer, occupation, tax year end, and FOIA Partner status.

document_subtype: financial agreement


document_description: Wire instructions for initial capital contribution and distributions for Southern Financial LLC. Details required for beneficiary and intermediary banks, as well as source of funds.

document_subtype: wire instructions


document_description: A document from Southern Financial LLC with empty fields for name, relationship to investor, email, and phone. It is marked as proprietary and confidential, and is related to a legal case under Fed. R. Crim. P. 6(e).


document_description: This document outlines the criteria for an investor to be considered a 'qualified purchaser' under the Investment Company Act. It includes specific conditions that must be met by companies, partnerships, or trusts to qualify, such as owning a minimum amount in investments and not being formed for the specific purpose of acquiring the interest.

title: Exhibit D - Investment Company Act Representations for Entities

document_subtype: Investment Company Act Representations


document_description: This document is a financial questionnaire for Southern Financial LLC, focusing on the investment commitments and the structure of the investor's ownership. It includes questions about the percentage of assets committed to a single entity, the presence of ultimate beneficiaries with significant control or proceeds, and whether the investor or beneficiaries are publicly traded or regulated entities.

document_subtype: investment questionnaire


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

title: Exhibit E - Plan Investor Representations

document_subtype: Plan Investor Representations


document_description: This document is an investment agreement for Southern Financial LLC, outlining conditions for Plan Investors, particularly those acting on behalf of employee benefit plans organized outside the United States. It includes representations and warranties required from the Investor if they answered 'Yes' to specific questions, ensuring independent fiduciary decision-making and compliance with governing laws.

key_organizations:
Southern Financial LLC
iCapital


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

title: NOTICE REGARDING PRIVACY OF FINANCIAL INFORMATION

document_subtype: Privacy Notice

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


document_description: The document outlines the fee structure for Glendower SOF IV for clients in the Access Fund and those investing directly. It includes management fees, carried interest, and placement fees based on commitment size.

title: Glendower Fee Sheet

document_subtype: fee sheet

key_organizations: Glendower Capital Secondary Opportunities Fund IV LP


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

title: Letter of Authorization for Fund Investment

document_subtype: Letter of Authorization

key_organizations:
Southern Financial LLC
iCapital Advisors, LLC
Deutsche Bank Securities Inc.


document_description: This document is an authorization form for an investment in Glendower Access Secondary Opportunities IV (U.S.), L.P. It allows Deutsche Bank to share the undersigned's information with iCapital Parties for identity verification and to transfer funds for capital contributions. It also authorizes Deutsche Bank to receive information about the fund investment from iCapital Parties. The authorization is valid until revoked in writing.

title: Authorization for Fund Investment and Information Sharing

document_subtype: Authorization Form


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 (U.S.), L.P. It is intended for investors referred by Deutsche Bank Securities Inc.

title: Supplement to the Confidential Private Placement Memorandum

document_date: April 2018

document_subtype: Private Placement Memorandum Supplement

key_organizations:
Southern Financial LLC
Glendower Capital
Deutsche Bank Securities Inc.


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

key_organizations: Glendower Capital Secondary Opportunities Fund IV, LP


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

key_people:
Deutsche Bank
Glendower GP

key_organizations:
Deutsche Bank
Access Funds
Glendower GP


document_description: DBSI reached settlement agreements with the SEC, the National Association of Securities Dealers, the New York Stock Exchange, the New York Attorney General, and other state regulators regarding research analyst independence and auction rate securities.

document_subtype: settlement agreement


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

title: Request for Taxpayer Identification Number and Certification

document_subtype: Form W-9


document_description: Instructions for completing Form W-9, including certification of TIN, backup withholding, and FATCA reporting. It outlines the definition of a U.S. person, special rules for partnerships, and penalties for non-compliance.

title: Form W-9 Instructions

document_subtype: tax document


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

title: Form W-9 Instructions

document_subtype: tax form instructions


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

title: Form W-9 Instructions

document_subtype: tax form

key_organizations: IRS SSA


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

title: Form W-9 Instructions

key_organizations:
IRS
Taxpayer Advocate Service


document_description: This document provides instructions related to the IRS W-9 form, including information on how the IRS does not initiate contact via email, how to report phishing attempts, and the Privacy Act Notice related to the collection of Taxpayer Identification Numbers (TINs).

title: IRS W-9 Form Instructions

document_subtype: W-9 Form

key_organizations: Treasury Inspector General for Tax Administration


document_description: A list of companies associated with Jeffrey Epstein, provided by Bradley Gillin, Vice President at Deutsche Bank Wealth Management.

key_organizations: J. Epstein Virgin Islands Foundation, Inc


document_description: A confidential communication from Deutsche Bank, containing disclaimers about legal and tax advice, and confidentiality notices. It includes reference numbers and a link to EU corporate and regulatory disclosures.


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

key_locations: 575 Lexington Avenue, New York, NY 10022


document_description: A disclaimer communication from Deutsche Bank Securities Inc. regarding confidential and privileged information, with links to disclaimers and disclosures.

document_subtype: disclaimer


document_description: Certificate of Service filed by Hillary M. Nappi, Esq., Counsel for Marvin Gerber and Kalma Koenig, certifying the filing of a document with the Clerk of the Court for the United States District Court for the Southern District of New York via the Court's ECF/CM system.

key_people:
Hillary M. Nappi
Marvin Gerber
Kalma Koenig

document_subtype: Certificate of Service


document_description: An internal follow-up communication regarding Jeffrey Epstein accounts to be traded by Paul Barrett from Alpha Capital. The email is from Martin Zeman, Director at Deutsche Bank Wealth Management, to a redacted recipient, with additional redacted CC recipients. The communication emphasizes confidentiality and is intended for sophisticated institutional investors.

document_type: email


document_description: A Regulation E Disclosure document for a remittance transfer from Jeffrey Epstein through Deutsche Bank AG, New York Branch. The transfer amount is $665.00 with no additional fees, totaling $665.00 to the recipient. The document outlines the rights to dispute errors and conditions for cancellation.

document_subtype: Regulation E Disclosure


document_description: This is an action to recover damages on behalf of Plaintiffs and members of the proposed class, who are Noteholders and Bondholders of Towers Financial Corporation (TFC), for harm suffered as a result of Defendants' conspiring and participation in a massive Ponzi scheme perpetrated by Defendant Jeffrey Epstein, an uncharged co-conspirator of Steven Hoffenberg. Epstein used The Financial Trust Company, XYZ Corp., and ABC, Inc. to conceal his ill-gotten gains.

title: Initial Complaint in Case 1:18-cv-07580

key_people:
Marvin Gerber
Kalma Koenig
Jeffrey E. Epstein
Steven Hoffenberg

document_subtype: Initial Complaint

key_organizations:
The Financial Trust Company
Towers Financial Corporation
XYZ Corporation
ABC, Inc.
Hach Rose Schirripa & Cheverie, LLP


document_description: This document is a legal filing related to a case involving a fraudulent Ponzi scheme. It alleges that while Hoffenberg was convicted for his role in the scheme, Epstein remained an uncharged co-conspirator who used fraudulently obtained funds for personal use. The document claims that the defendants profited unlawfully at the expense of plaintiffs and the class by operating the scheme without disclosure. The deceptive practices are believed to date back to the mid-1980s and have resulted in significant unlawful profits. The document references Hoffenberg's conviction and related civil lawsuits.

key_people:
Jeffrey Epstein
Steven Hoffenberg
Judge Robert Sweet

document_subtype: court filing


document_description: The document is a legal complaint involving The Financial Trust Company (TFTC), XYZ Corp., and ABC, Inc., which are entities allegedly created, owned, or managed by Jeffrey Epstein. The complaint accuses these entities of misappropriating or converting monies, securities, and proceeds obtained through fraudulent conduct. Non-Party Affiant Steven Hoffenberg is mentioned as a co-conspirator of Epstein.

title: Case 1:18-cv-07580

key_people:
Jeffrey Epstein
Steven Hoffenberg

key_locations:
St. Thomas
U.S. Virgin Islands
New York, New York

document_subtype: complaint

key_organizations:
The Financial Trust Company
XYZ Corp.
ABC, Inc.


document_description: The document outlines the involvement of Jeffrey Epstein and Hoffenberg in financial misconduct related to the acquisition of United Diversified Corporation and its subsidiaries. It details the misuse of bonds as collateral in failed takeover attempts and the diversion of investor funds to cover losses and fund lavish lifestyles.

title: Case 1:18-cv-07580 Document 1

key_people:
Jeffrey Epstein
Hoffenberg

key_locations:
Illinois
Lockerbie, Scotland

key_organizations:
United Diversified Corporation
Associated Life Insurance Co.
United Fire Insurance Co.
TFC
Pan American Airways, Inc.


document_description: The document details allegations against Jeffrey Epstein regarding stock manipulation and fraud involving Emery Air Freight. Epstein is accused of manipulating stock prices to minimize losses and profiting from insider trading. The document also mentions deceptive actions to conceal these activities.

key_organizations:
Emery Air Freight
TFC
United Fire and Associated
TFTC


document_description: The document details a fraudulent scheme devised by Jeffrey Epstein to raise capital for TFC by selling Promissory Notes. From 1988 to 1992, TFC sold these notes in private placements, raising approximately $272 million. Epstein allegedly falsified financial statements to mislead investors about TFC's financial health, continuing a Ponzi scheme. Only a small fraction of the proceeds were used as intended.


document_description: The document details allegations against Jeffrey Epstein and others regarding a Ponzi scheme involving TFC Promissory Notes and TFC Bonds. It describes how Epstein misrepresented the value of collateral and misused investor funds.

title: Case 1:18-cv-07580 Document 1

key_organizations:
TFC
THRFC Bond Funds


document_description: The document outlines allegations against Jeffrey Epstein and others related to the misuse of funds from the sale of TFC Bonds, falsification of financial records, and involvement in a Ponzi scheme. It details the SEC's investigation and subsequent legal actions, including Hoffenberg's indictment.

key_locations:
Northern District of Illinois
Southern District of New York

key_organizations:
TFC
THRFC Bond Fund
Securities and Exchange Commission


document_description: The document discusses the indictment and trial of Hoffenberg in connection with the TFC Ponzi Scheme, highlighting his refusal to implicate Jeffrey Epstein, which resulted in Epstein not being charged. It also mentions Hoffenberg's guilty plea and a 2016 complaint filed by Hoffenberg against Epstein and related entities.

key_people:
Hoffenberg
Jeffrey Epstein

key_organizations:
TFC
Southern District of New York
Northern District of Illinois


document_description: The document discusses the involvement of Jeffrey Epstein and others in the TFC Ponzi Scheme, detailing fraudulent activities and legal proceedings. It includes the sentencing of Hoffenberg and the role of Epstein as a co-conspirator.

key_organizations:
TFC
Associated and United
Pan Am
Emery


document_description: The document discusses the involvement of Hoffenberg and Towers Financial Corporation (TFC) in a Ponzi scheme, detailing the misuse of securities proceeds, creation of phony receivables, and obstruction of an SEC investigation. It lists numerous lawsuits filed against Hoffenberg and TFC in the Southern District of New York related to the scheme. The victims include over 200,000 individuals entitled to significant financial restitution.

key_organizations:
Towers Financial Corporation
SEC


document_description: The document discusses Defendant Epstein's involvement in the TFC Ponzi Scheme, which harmed Plaintiffs and the Class. It highlights that Epstein's full involvement was revealed in Hoffenberg's Affidavit dated August 17, 2018. The document also mentions Epstein's control over entities that received fraudulently acquired money and his denial of involvement in the scheme. The document includes class action allegations under Federal Rules of Civil Procedure.

key_people:
Jeffrey Epstein
Steven J. Hoffenberg

key_organizations: TFC TFTC


document_description: This document is part of a class action lawsuit filed on behalf of investors, Noteholders, and/or Bondholders of TFC who purchased TFC Bonds and Promissory Notes between 1987 and 1993. The lawsuit alleges that the Defendants created a Ponzi scheme to convert the assets of the Plaintiffs and the Class for their own use, causing monetary damages to the Plaintiffs and the Class.

document_subtype: class action lawsuit


document_description: The document outlines the plaintiffs' claims and their suitability to represent a class in a class action lawsuit. It discusses the typicality of the plaintiffs' claims, their willingness to serve as class representatives, and the adequacy of their legal counsel. It argues for class certification under Rule 23, citing common legal and factual questions and the superiority of a class action for resolving the controversy.

document_subtype: class action filing