document_description: The document outlines the terms related to bifurcated default and assignment of partner contributions in the partnership agreement. It details the conditions under which the partnership or its limited partners may be considered in default, and the rights and remedies available to the general partner and the underlying fund in such cases. It also covers the assignment of partner contributions as security for indebtedness or other obligations of the partnership.

key_people:
General Partner
Limited Partners
Defaulting Access Fund Investor


source: doj

document_description: This document outlines the terms of the partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions for security interests, distributions, and discretionary distributions among partners. The agreement specifies the rights and obligations of limited partners, including the assignment of interests as security and the conditions under which distributions are made.

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

document_type: legal

document_subtype: Limited Partnership Agreement


document_description: This document outlines the operational rules and distribution policies for Third Lake Capital, specifically focusing on the treatment of distributions to partners, including defaulting partners, and the handling of tax liabilities. It includes provisions for special distributions and the payment of taxes by the partnership.

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


document_description: This document is an excerpt from a limited partnership agreement for Third Lake Capital, detailing tax liabilities and capital accounts. It outlines the responsibilities of partners regarding tax liabilities, indemnification, and the creation and maintenance of capital accounts. It also specifies conditions under which distributions to partners are prohibited.

key_people:
General Partner
Limited Partner


document_description: The document outlines special allocations of items of loss or deduction, allocations following a default, and admission of additional partners in the partnership. It specifies how losses, expenses, and deductions are allocated among partners, including special allocations for management fees and transfer expenses. It also details the process for adjusting allocations when new partners are admitted or existing subscriptions are increased.


document_description: This document is an excerpt from the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the conditions under which a Limited Partner's interest in the Partnership can be transferred, emphasizing the need for the General Partner's consent and the restrictions on public trading of partnership interests. It also details the required representations by parties involved in any transfer to ensure compliance with relevant tax regulations.


document_description: This document outlines the terms and conditions related to the transfer of partnership interests in Glendower Access Secondary Opportunities IV (U.S.), L.P. It specifies the requirements for a transferee to be considered an accredited investor, qualified purchaser, and qualified client. It also details the need for a legal opinion for transfers, reimbursement of transfer expenses, and the admission of substituted limited partners.


document_description: This document outlines the terms and conditions related to the transfer of interests, non-compliant transfers, multiple ownership, withdrawal rights, and removal of limited partners within the partnership. It specifies the rights and obligations of the General Partner and Limited Partners, including conditions under which a Limited Partner may be removed or required to withdraw.

key_people:
General Partner
Limited Partners


document_description: The document is an excerpt from the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines indemnification provisions for Covered Persons and other related parties, detailing the conditions under which they are indemnified by the Partnership. It includes clauses on general indemnification, limitations on indemnification, and advance payment of expenses.


document_description: The document outlines indemnification provisions for the Partnership, including insurance options, rights of successors, and indemnification from other sources. It specifies the priority of indemnity obligations and subrogation rights.


document_description: This document outlines the indemnification and exculpation provisions for the partnership, including limitations by the General Partner and legal restrictions. It also details the conditions under which partners may be required to return distributions to the partnership.


document_description: This document outlines the procedures and conditions under which amendments to the partnership agreement can be made. It specifies the consent required from partners for various types of amendments, including those affecting economic rights and ERISA provisions. It also details the notification process for amendments and the concept of negative consent.

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


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

title: Amended and Restated Limited Partnership Agreement


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

document_type: financial


document_description: This document outlines the valuation procedures for partnership assets, including freely tradable securities, other assets, and intangible assets. It specifies the methods for determining fair market value and the treatment of goodwill. It also details the procedures for notices and communications among partners.


document_description: This document is an excerpt from the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines provisions related to notices, accounting, and tax matters. Notices to partners are deemed received based on delivery method, and financial statements can be posted online. The fiscal year is the calendar year unless otherwise required for tax purposes. The partnership's independent accountants are selected by the General Partner. Tax provisions ensure the partnership is treated as a partnership for U.S. federal income tax purposes, with the General Partner acting as the Tax Matters Partner for fiscal years ending before January 1, 2018.


document_description: This document outlines the responsibilities and obligations of the General Partner and the Partners in relation to tax compliance and partnership representation under the BBA. It specifies the designation of the General Partner as the 'partnership representative' and details the actions required for compliance with tax laws, including the provision of information by Partners to avoid adverse tax consequences.

document_date: Post-December 31, 2017


document_description: The document outlines the obligations of Limited Partners in relation to FATCA compliance, including providing necessary information and certifications, and the consequences of non-compliance. It also addresses the non-requirement of Section 1045 rollovers and related tax reporting obligations.


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


document_description: The document outlines confidentiality obligations for Limited Partners regarding Partnership Information, which is considered a valuable trade secret. It specifies conditions under which disclosure is permitted, such as legal requirements or consent from the General Partner. Limited Partners must notify the General Partner before disclosing information due to legal compulsion and cooperate to protect confidentiality.


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines confidentiality obligations, the rights of the General Partner to withhold information, and the construction of the contract. It includes provisions for equitable relief and the survival of confidentiality obligations post-withdrawal of a partner.


document_description: This document is an Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the terms and conditions under which the partnership operates, including arbitration procedures, the use of side letters, and provisions for dealing with 'bad actors' under Rule 506(d) of the Securities Act. The agreement also specifies that it can be signed in counterparts and constitutes the entire agreement between the parties, superseding any prior agreements.


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions related to the certification of a 20% Holder and confidentiality clauses.


document_description: This document is an Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes the execution details by the General Partner and Limited Partners, with Thomas Fortin as COO signing on behalf of Institutional Capital Network, Inc. Michael Stanton is noted as the withdrawing Initial Limited Partner.

key_people:
Thomas Fortin
Michael Stanton

key_organizations: Glendower Access Secondary Opportunities IV GP LLC


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions and terms related to the partnership, such as Defaulting Access Fund Investor, Defaulting Partner, Delaware Act, Delayed Payment Interest, ERISA, ERISA Partner, Exempt Entity, FATCA, Feeder Fund, Final Closing Date, Freely Tradable Security, and more.

title: Glendower Access Secondary Opportunities IV (U.S.), L.P. 1-3 Amended and Restated Limited Partnership Agreement

document_type: tabular

key_locations:
Delaware
United States


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the terms and conditions under which the partnership operates, including definitions of key terms such as Freely Tradable Securities, General Partner, and Limited Partners. It also specifies the roles of the General Partner and Investment Manager, and conditions under which securities can be distributed or sold.

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

key_organizations:
Third Lake Capital
iCapital Advisors, LLC


document_description: This document outlines the terms and definitions related to the partnership agreement for Third Lake Capital. It includes details about the management agreement, management fee, net gain or loss calculations, nonrecourse liability, and non-voting interest.

title: Third Lake Capital Partnership Agreement

document_subtype: Partnership Agreement

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


document_description: This document outlines the terms and definitions related to the Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions for various financial and organizational terms such as Offshore Access Fund, Organizational Expenses, Partner Interest, and Partnership Minimum Gain. The document is marked as confidential and is related to the proprietary and confidential information of Third Lake Capital.

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


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), I-7. It includes definitions and terms related to capital calls, management fees, and various financial and legal terms relevant to the partnership.


document_description: Proprietary and Confidential Private Placement Memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P., an 'Access Fund' into Glendower Capital Secondary Opportunities Fund IV, LP, offering Limited Partner Interests.

document_date: January 2018

document_subtype: Private Placement Memorandum

key_organizations:
Third Lake Capital
Glendower Capital


document_description: This document is a confidential private placement memorandum provided by iCapital Advisors, LLC to sophisticated investors for investment in Glendower Access Secondary Opportunities IV (U.S.), L.P. The memorandum includes details about the investment in the Underlying Fund, Glendower Capital Secondary Opportunities Fund IV, LP, and outlines 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

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


document_description: This document is an investment memorandum for the Access Fund, which is suitable only for sophisticated investors due to high risks and lack of liquidity. It outlines the legal and financial disclaimers related to the investment, emphasizing that investors in the Access Fund will not have direct interests or rights in the Underlying Fund managed by Glendower. The memorandum also clarifies that the offering of Interests is not an offering of interests in the Underlying Fund and provides a list of EEA countries.

document_type: correspondence

key_locations: United Kingdom of Great Britain and Northern Ireland

document_subtype: investment memorandum

key_organizations:
Third Lake Capital
Glendower GP
Glendower Capital, LLP
Glendower Capital (U.S.), LLC


document_description: This document is an investment memorandum for the Access Fund managed by Glendower. It outlines the indirect interests, management rights, and potential risks associated with investing in the Access Fund and the Underlying Fund. It emphasizes that past performance is not indicative of future results and includes forward-looking statements with inherent risks and uncertainties. The terms of the Underlying Fund are subject to change, and investors are advised to rely on their own examination of the fund.

document_subtype: Investment Memorandum

key_organizations:
Glendower
Access Fund
Underlying Fund


document_description: This document is an investment memorandum for prospective investors in the Access Fund managed by Third Lake Capital. It outlines the legal, tax, regulatory, financial, and accounting considerations for potential investors, emphasizing the need for consultation with personal advisors. The memorandum includes summaries of the Partnership Agreement and Subscription Agreement, but advises that these are not comprehensive and should be reviewed in full. The General Partner reserves the right to modify the terms of the offering and reject any investor's commitment. The document also clarifies that it is not intended to be used to avoid IRS penalties and encourages investors to seek independent tax advice.

key_organizations:
Third Lake Capital
Access Fund
Glendower


document_description: This document is an investment memorandum for the Access Fund by Third Lake Capital. It outlines the terms of the offering, including the risks and restrictions associated with the investment. The memorandum supersedes any previous investment literature 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 beneficial ownership to ensure compliance with the Employee Retirement Income Security Act of 1974.


document_description: The document outlines the exemption of the General Partner from registration with the U.S. Commodity Futures Trading Commission (CFTC) as a Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA) under specific CFTC rules. It details the conditions under which the Access Fund operates, including limitations on marketing, investor qualifications, and commodity interest exposure. The document also notes that the CFTC has not reviewed or approved the offering or memorandum.

document_subtype: exemption notice


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

title: GLDUSt 39 Third Lake Capital

document_type: other

document_subtype: Table of Contents


document_description: The document introduces Glendower Access Secondary Opportunities IV (U.S.), L.P., a Delaware limited partnership formed to invest in Glendower Capital Secondary Opportunities Fund IV, LP. The fund aims to generate attractive risk-adjusted returns through diverse investments in private equity funds on the secondary market. It highlights the importance of reading the Confidential Private Placement Memorandum of the Underlying Fund and notes potential tax consequences for Non-U.S. investors.

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

key_locations: Delaware England


document_description: This document provides a summary of the principal terms of the Glendower Access Secondary Opportunities IV (U.S.), L.P. (the 'Access Fund'), including details about the General Partner, Investment Manager, and relevant agreements. It is intended for prospective investors and is qualified by the Access Fund's Amended and Restated Limited Partnership Agreement and the Subscription Agreement.

title: Summary of Principal Terms of the Access Fund

document_date: October 2017

document_subtype: investment summary

key_organizations: Glendower Capital Secondary Opportunities Fund IV, LP


document_description: This document is an investment memorandum for the Access Fund, managed by Third Lake Capital. 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_description: The document outlines the terms and conditions for initial and subsequent closings of the Access Fund managed by Third Lake Capital. It details the process for admitting new investors or increasing subscriptions of existing Limited Partners in subsequent closings, including capital contributions, management fees, and interest calculations. The document specifies the financial obligations of investors joining after the Initial Closing and the consequences of failing to meet these obligations.

document_subtype: Investment Fund Closing Terms

key_organizations:
Third Lake Capital
Access Fund
Glendower GP


document_description: The document outlines the investment strategy and terms for the Access Fund's investment in the Underlying Fund, including provisions for subsequent closings, potential dilution of existing investors, and the formation of parallel access and feeder funds.

document_subtype: Investment Fund Document

key_organizations:
Third Lake Capital
Access Fund
Underlying Fund
Glendower GP


document_description: The document outlines the structure and terms of investment for Glendower Access Secondary Opportunities IV (International), L.P., a Cayman Islands exempted limited partnership. It details the formation of the Offshore Access Fund for qualified U.S. Tax-Exempt Investors and Non-U.S. Investors, capital call procedures, and penalties for non-compliance.

document_subtype: investment fund document


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

key_people:
General Partner
Investment Manager
Glendower GP

key_organizations:
Third Lake Capital
Glendower
Access Fund
Underlying Fund


document_description: The document outlines the distribution and expense policies for the Access Fund and its Limited Partners, including Feeder Funds. It details the discretion of the General Partner in applying default provisions, the distribution of funds from the Underlying Fund, and the withholding of amounts for expenses and liabilities. It also covers the allocation of income, gain, loss, and deduction to capital accounts, and the responsibility for organizational and offering expenses. Additionally, it lists the expenses the Access Fund will cover, such as management fees, liquidation expenses, and costs related to accounting and tax reporting.

document_subtype: Fund Distribution and Expenses

key_organizations:
Third Lake Capital
Access Fund
Feeder Fund


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

document_subtype: investment fund expenses

key_organizations:
Third Lake Capital
Access Fund
Underlying Fund
General Partner
Investment Manager


document_description: This document outlines the financial responsibilities and fee structures for Limited Partners in relation to the Access Fund and Feeder Funds managed by Third Lake Capital. It details the allocation of operating expenses, management fees, and other costs associated with the Access Fund and its relationship with the Underlying Fund.

key_organizations:
Third Lake Capital
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, and specifies the rates applicable during different phases of the investment. The document also mentions the payment of management fees to the Investment Manager and the role of Placement Agents.

document_subtype: Investment Agreement

key_organizations:
Third Lake Capital
Access Fund
Underlying Fund
Investment Manager
Placement Agents
Glendower GP


document_description: The document outlines the role of Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. as placement agents for the Access Fund, detailing the placement fees and marketing costs associated with the fund. It also describes the management fee structure for the Underlying Fund managed by Glendower.

document_subtype: Investment Document

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


document_description: The document outlines the terms related to carried interest, indemnification, and withdrawal/transfer for the Access Fund associated with Third Lake Capital. It specifies the carried interest distribution to Glendower GP, indemnification obligations, and conditions for withdrawal and transfer of interests by Limited Partners.

document_subtype: Investment Fund Agreement

key_organizations:
Third Lake Capital
Access Fund
Underlying Fund


document_description: The document outlines the financial reporting and tax implications for Limited Partners of the Access Fund, including the provision of audited financial statements, IRS Schedule K-1, and quarterly reports. It 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 expectation of receiving Unrelated Business Taxable Income (UBTI). The document also notes that the Access Fund is not available to Non-U.S. Investors.

document_subtype: financial report

key_organizations:
Third Lake Capital
Access Fund
U.S. Internal Revenue Service


document_description: The document outlines amendments to the Partnership Agreement of the Access Fund managed by Third Lake Capital. It specifies conditions under which amendments can be made without adversely affecting Limited Partners, such as curing ambiguities or complying with legal requirements. It also discusses the voting rights of the General Partner and Investment Manager, who will vote on behalf of the Access Fund without consulting Limited Partners. Additionally, it covers the Access Fund's ability to enter into a credit facility for funding capital calls or expenses, potentially requiring pledging of assets and involving Limited Partners in providing financial information for borrowings.

document_subtype: Partnership Agreement Amendment


document_description: The document outlines the borrowing and credit support capabilities of an 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_subtype: memorandum


document_description: The document outlines the legal and administrative arrangements for the Access Fund, including the roles of legal counsel, auditor, administrator, and custodian. It specifies the responsibilities of the General Partner in providing information to various parties and highlights the legal counsel provided by Cleary Gottlieb Steen & Hamilton LLP and Maples and Calder. KPMG or another recognized firm will serve as the auditor.

document_subtype: Investor Information

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


document_description: The document discusses the risks and conflicts of interest associated with investing in the Access Fund, an investment vehicle formed to facilitate investment into the Underlying Fund. It highlights the lack of registration under various acts, illiquidity of securities, restrictions on transfer, and potential for total loss of investment. The document also notes the additional expenses borne by the Access Fund, which may impact returns, and the lack of investor rights in the Underlying Fund.

document_subtype: investment document

key_organizations:
Third Lake Capital
Access Fund
Underlying Fund
Glendower


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 in the fund. It discusses potential conflicts of interest, management of other funds with similar strategies, and valuation of assets. The document highlights the potential benefits and conflicts arising from Managed Accounts and the valuation uncertainties of illiquid investments.

document_subtype: Investment Fund Disclosure

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


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 among investors, confidentiality of certain information, the possibility of changes to the Underlying Fund's terms, and the use of Side Letters for preferential terms for certain investors. It also notes the restrictions on transferring interests without the General Partner's consent.


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


document_description: The document discusses the financial management and investment strategies of the Access Fund, including potential risks such as over-commitment, lack of diversification, and reliance on forward-looking statements. It also addresses regulatory compliance issues related to Rule 506 of Regulation D and the disqualification of certain 'bad actors' from offerings.

key_organizations:
Access Fund
Underlying Fund


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

document_subtype: regulatory compliance

key_organizations:
Third Lake Capital
Glendower GP
Access Fund
Underlying Fund
General Partner
Investment Manager
SEC
CFTC


document_description: The document discusses changes in financial regulations affecting OTC derivatives, including execution on regulated exchanges, real-time reporting, enhanced documentation, and margin requirements. It highlights the potential impact on costs, exposure, liquidity, and investment returns for funds like the Underlying Fund and Access Fund. The document also covers the Dodd-Frank Act's expansion of CFTC's authority on position limits and reporting requirements.

key_locations:
European Union
Japan

document_subtype: financial regulation summary

key_organizations:
Third Lake Capital
CFTC
Underlying Fund
Access Fund


document_description: The document discusses the potential impacts of recent changes in U.S. tax law, specifically the 2017 Tax Legislation, on the Access Fund and its investors. It highlights the possible increase in costs and reduction in exposure for the Underlying Fund due to new position limits and aggregation requirements. The document also outlines the legal representation for the Access Fund and advises prospective investors to seek independent legal, tax, and financial advice. The 2017 Tax Legislation could significantly affect the taxation of investments, potentially leading to increased tax liabilities and impacting investment returns.

key_people:
Cleary Gottlieb Steen & Hamilton LLP
Maples and Calder

key_locations:
United States
Cayman Islands

document_subtype: legal advisory


document_description: This document provides tax-related information for Limited Partners of the Access Fund, including implications of the 2017 Tax Legislation, potential changes in tax laws, and specific tax considerations for U.S. and non-U.S. investors. It discusses the concept of 'phantom' or 'dry' income, tax-exempt investors and UBTI, and the Foreign Account Tax Compliance Act (FATCA) requirements.

document_subtype: tax information

key_organizations:
Access Fund
Underlying Fund
IRS


document_description: The document discusses the implications of the Bipartisan Budget Act of 2015 on U.S. federal income tax audits of partnerships, specifically focusing on the Access Fund and its partners. It outlines the potential tax liabilities and adjustments that may arise under the BBA Rules and the elective alternative procedure. The document also highlights other tax risks associated with investing in the Access Fund, including changes in tax laws, filing requirements in various jurisdictions, and potential taxation impacts.

document_subtype: tax legislation summary

key_organizations:
Third Lake Capital
Access Fund


document_description: The document discusses potential tax implications for Limited Partners of the Access Fund, including the possibility of IRS audits leading to increased taxable income or decreased losses. It outlines the responsibilities of the General Partner in contesting tax adjustments and the limitations on Limited Partners' participation in related proceedings.

document_subtype: tax considerations

key_organizations:
Access Fund
Third Lake Capital
IRS


document_description: The document discusses the tax implications and considerations for Limited Partners in the sale of interests in the Access Fund managed by Third Lake Capital. It covers topics such as capital gain or loss recognition, tax basis adjustments, and limitations on the deductibility of interest expenses. 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 Sections 754 and 743 of the Internal Revenue Code.

document_subtype: investment fund document


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

document_subtype: investment fund tax implications


document_description: The document discusses the tax treatment of investments by the Access Fund, including the deductibility of capital losses, treatment of gains as capital gains, and recognition of ordinary income from interest and fees. It also covers the tax implications of holding debt investments with 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_subtype: tax document

key_organizations:
Access Fund
IRS


document_description: The document discusses the tax implications of restructuring a debt obligation acquired by the Access Fund, potential investments in derivatives, partnerships, and passive foreign investment companies (PFICs). It highlights the tax consequences for Limited Partners and U.S. Tax-Exempt Investors, including the possibility of UBTI and increased tax liability under the PFIC regime.

key_organizations:
Access Fund
Third Lake Capital


document_description: This document outlines the tax implications for U.S. persons and tax-exempt investors involved with Third Lake Capital's Access Fund, particularly in relation to Controlled Foreign Corporations (CFCs) and foreign currency transactions. It discusses the tax responsibilities of U.S. Limited Partners when investing in CFCs, including the inclusion of certain earnings in gross income and the treatment of gains as dividend income. The document also covers the implications of foreign currency gains or losses and the potential for unrelated business taxable income (UBTI) for tax-exempt investors.


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


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. It also mentions the FBAR filing requirements for U.S. persons with financial interests in non-U.S. accounts.


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


document_description: The document is an investment memorandum for the Access Fund, discussing U.S. federal income tax rules, regulatory matters, and the offering of Interests under the Securities Act of 1933. It highlights the lack of registration for the Interests, reliance on exemptions, and the economic risks involved. It also discloses past regulatory issues with Raymond James, a Placement Agent for the offering.

key_locations:
United States
Puerto Rico
Virgin Islands
District of Columbia

document_subtype: investment memorandum

key_organizations:
Third Lake Capital
Raymond James Financial Services, Inc.
Securities and Exchange Commission


document_description: The document outlines the legal and compliance considerations for the Access Fund under various U.S. acts, including the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Commodity Exchange Act of 1974. It discusses exemptions from registration requirements, legal restrictions on the offer and sale of interests, and compliance with anti-money laundering requirements.

document_subtype: Legal Considerations and Compliance

key_organizations:
Third Lake Capital
Access Fund
General Partner
Investment Manager
National Futures Association


document_description: The document discusses the implications of ERISA (Employee Retirement Income Security Act) on investments in the Access Fund by benefit plan investors. It outlines the conditions under which the Access Fund's assets would be considered plan assets under ERISA, the responsibilities of the General Partner, and the reporting requirements for ERISA Plan investors. It also advises fiduciaries of ERISA plans to consult with legal counsel regarding investments in the Access Fund.

document_subtype: ERISA compliance discussion


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

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

document_date: March 2018

document_subtype: Private Placement Memorandum Supplement

key_organizations:
Third Lake Capital
Glendower Capital


document_description: Amendments to the Summary of Principal Terms of the Access Fund, detailing the expenses covered by the fund.

document_subtype: memo


document_description: This document outlines the financial responsibilities and indemnification obligations of Limited Partners in relation to the Access Fund and its associated Feeder Funds. It details how operating expenses, management fees, and other costs are allocated among the partners and the Access Fund. It also describes the conditions under which Limited Partners may be required to return distributions to cover indemnification liabilities.

document_subtype: Investment Fund Agreement

key_organizations:
Access Fund
Feeder Fund
Underlying Fund


document_description: The document outlines the indemnity obligations of the Access Fund and the Underlying Fund, including the funding of these obligations through capital calls or return of distributions. It also discusses the expenses and management costs associated with the Access Fund and the Underlying Fund, which will be borne by the Access Fund. The document includes amendments to risk factors and potential conflicts of interest related to expenses and indemnification.

document_subtype: Partnership Agreement

key_organizations:
Access Fund
Underlying Fund
Glendower GP


document_description: This document is a confidential private placement memorandum for an underlying fund managed by Third Lake Capital. It is proprietary and confidential, and its distribution is restricted under Federal Rules of Criminal Procedure.

title: Underlying Fund Confidential Private Placement Memorandum

document_subtype: Private Placement Memorandum


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


document_description: This document is an amended and restated confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, circulated to a limited number of qualified prospective investors for evaluating an investment in the fund's limited partner interests. It outlines the terms of the offering, including the merits and risks involved, and is circulated by Glendower Capital LLP, authorized by the UK Financial Conduct Authority. The memorandum is intended for professional investors and is not an approved prospectus under the UK Financial Services and Markets Act 2000.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Confidential 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 are subject to significant risks, including lack of liquidity and indefinite financial risk. The document advises prospective investors to consult their advisors and highlights that past performance is not indicative of future results.

key_organizations:
Glendower Capital
Third Lake Capital
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: Contact information for Glendower Capital and Credit Suisse Asset Management, including key personnel and their emails.

title: Glendower Capital Secondary Opportunities Fund IV, LP

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

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

document_subtype: Confidential Private Placement Memorandum

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


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

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

document_subtype: Table of Contents

key_organizations:
Glendower Capital
Third Lake Capital


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


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 attractive risk-adjusted returns through a diverse portfolio of investments in secondary markets. It targets acquisitions in private equity fund structures and co-investments globally, primarily in the U.S. and Europe. This is the first dedicated secondary fund raised outside of Deutsche Asset Management by the Managing Partners Carlo Pirzio-Biroli and Charles Smith.

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

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

key_locations:
U.S.
Europe
London
New York

key_organizations:
Glendower Capital
Deutsche Asset Management
Deutsche Bank


document_description: The document provides an executive summary of the performance and operations of the Glendower Capital Secondary Opportunities Fund IV, LP as of September 30, 2017. It highlights the fund's strong performance metrics, experienced team, and disciplined investment process. The fund has delivered a 1.6x gross multiple and 28% IRR since inception. It is managed by an independent team with a history of working together and has offices in London and New York. The document also notes the fund's use of subscription line facilities and its target of achieving over 20% Net IRR.

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

key_locations:
London
New York


document_description: The document provides an executive summary of the Glendower Capital Secondary Opportunities Fund IV, LP, highlighting its investment strategy, alignment of interests, and key terms. The fund leverages relationships with over 180 fund sponsors to identify investment opportunities with attractive assets and reasonable leverage. The senior members of Glendower Capital commit a minimum of 1.0% of the fund, and the investment committee consists solely of Glendower Capital individuals. Deutsche Bank is not involved in the management of the fund.

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

key_people: Investment Committee of Glendower Capital

key_organizations:
Glendower Capital
Deutsche Bank


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP, detailing 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 an attractive risk profile, early cash flows, and negligible loss ratio. It includes detailed performance metrics such as Net IRR, TVPI, and DPI for various funds within the SOF Program as of September 30, 2017.

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

document_subtype: Investment Performance Report


document_description: The document compares the performance of the Glendower Capital Secondary Opportunities Fund (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 its various funds (SOF, SOF D, SOF II, SOF III), shows favorable performance compared to these indices.

document_subtype: investment performance report


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


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


document_description: The document outlines the investment strategy for 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, targeting a diverse portfolio including buyout, growth capital, venture capital, special situations, turnaround, mezzanine and distressed opportunities, real estate, and infrastructure assets. The fund will focus on three types of investments: Fund Secondaries, GP-led Secondaries, and Single Asset Deals, primarily in the U.S. and Europe. The fund targets risk-adjusted returns in excess of 20% Net IRR.

key_organizations:
Glendower Capital
Deutsche Asset Management


document_description: The document discusses the attractiveness of secondary investments in private equity portfolios, highlighting their ability to complement primary investments, provide pricing flexibility, mitigate blind pool risk, and reduce the J-curve effect. It also outlines the illiquid nature of private equity assets and the opportunities in the secondary market due to industry dynamics.


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 covers pricing stability and factors affecting pricing in the secondary market.

document_subtype: financial report

key_organizations:
Glendower Capital
Greenhill
Preqin
Dow Jones


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, such as the overheated market in 2006-2007 and the crisis period. The analysis includes data on pricing as a percentage of NAV and annual market volume, indicating a recovery in market pricing post-2009 to a stable range of 10% discount to NAV from 2014 onwards.

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 state of the secondary market for private equity, highlighting a balanced supply and demand with a significant amount of dry powder available. It includes data on dry powder and deal volume, emphasizing Glendower Capital's disciplined investment approach and the diverse seller composition in the market.

key_organizations:
Glendower Capital
Greenhill
Preqin
Bain & Company


document_description: The document provides a breakdown of seller composition and funds marketed by vintage for Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the emergence of traditional secondary buyers and funds-of-funds entering the market as sellers, with motivations to wind down older vehicles. The document includes exhibits showing seller composition, funds marketed by vintage, and private equity assets by fund vintage year.


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 diversified portfolios.

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 outlines the investment strategy and process for Glendower Capital Secondary Opportunities Fund IV, LP. It details the principles of asset selection, due diligence, investment decision-making, and risk management. The fund focuses on quality assets, alignment of interests, reasonable leverage, and attractive entry multiples. The investment process includes rigorous due diligence, operational and financial risk analysis, and independent external advice. The Investment Committee reviews and approves investments, and the Glendower SOF Team manages transactions and risk post-acquisition.


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 the Glendower Capital Secondary Opportunities Fund IV, LP, associated with Third Lake Capital. The page is intentionally left blank and marked as confidential pursuant to Federal Rules of Criminal Procedure 6(e).


document_description: The document provides an overview of Glendower Capital and its management of the Glendower Capital Secondary Opportunities Fund IV, LP. It details the firm's history, team composition, and investment strategy. Glendower Capital, an independent investment firm, was formed by a team that spun out from Deutsche Asset Management in 2017. The document outlines the management structure, investment team, and investment committee for the fund, highlighting key individuals involved in the fund's operations.

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 Glendower Capital Secondary Opportunities Fund IV, LP, including the roles and backgrounds of key members such as Carlo PlaJo-Biroll, Charles Smith, Adam Graev, Chi Cheung, Emilio Olmos, and Deirdre Davies. It outlines their previous experience, primarily at Deutsche Bank, and their educational qualifications.

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
Cambridge University
Colgate University
HEC Paris
Polytechnic University of Madrid

key_organizations:
Glendower Capital
Deutsche Bank
Pomona Capital
Lehman Brothers Private Equity
Chatterjee Group
Soros Fund Management
Cowen & Co
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, educational backgrounds, and current roles in managing secondary investments and client relations.

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

key_organizations:
Glendower Capital
Deutsche Bank
KPMG
Paul Capital
Forum Capital
CIBC Oppenheimer
Gallo & Co.
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 prior experience. 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
Grant Thornton
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, as part of a confidential private placement memorandum.

title: Summary of Terms and Conditions

key_organizations:
Third Lake Capital
Glendower Capital


document_description: This document provides a summary of the principal terms of the Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund limited partnership. It outlines the investment objectives, the roles of the General Partner and the Manager, and the fund's strategy for generating returns through various investment opportunities in the secondary market. The document emphasizes that the summary is qualified by the Fund Partnership Agreement and other related documents.

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

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

key_locations:
Cayman Islands
UK
U.S.
Europe

document_subtype: Summary of Terms and Conditions

key_organizations:
Glendower Capital
Financial Conduct Authority


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 U.S.

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


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP, including details on the investment period, reinvestment policies, key person events, and diversification rules. The investment period is defined by specific conditions and may be suspended or reinstated based on key person involvement. Reinvestment allows certain distributions to be added back to unfunded commitments. Key persons include Charles Smith, Carlo Pirzioaroli, Adam Graev, and Chi Cheung. Diversification limits investments in individual deals without committee consent.

title: Glendower Capital Secondary Opportunities Fund IV. LP

key_people:
Charles Smith
Carlo Pirzioaroli
Adam Graev
Chi Cheung

key_organizations:
Glendower Capital
Fund Advisory Committee


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP, including investment restrictions, indebtedness policies, hedging strategies, and the General Partner's share allocation. It specifies limits on investment in single funds, asset deals, and real estate, as well as borrowing practices and hedging techniques. The General Partner's share is detailed with respect to commitments and investment periods.

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

key_people:
General Partner
Second GP

key_organizations:
Glendower Capital
Triad Lake Capital


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It details the General Partner's Share, applicable points for commitments, and distribution of net proceeds. The document specifies the distribution hierarchy among partners and the special limited partner, including the concept of 'Carried Interest.'

title: Scotian 6: Summary of Terms and Conditions

key_organizations:
Glendower Capital
Third Lake Capital


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 fund's manager and limited partners, including investment allocation, reporting requirements, and conditions for fund amendments.


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes details on indemnification, removal of the General Partner, amendments to the Fund Partnership Agreement, default provisions, and the term of the fund. The document specifies the conditions under which the General Partner can be removed for cause or no fault, and the indemnification rights of Covered Persons. It also describes the process for amending the Fund Partnership Agreement and the consequences of a Limited Partner defaulting on their obligations.

key_people:
General Partner
Manager
Second GP


document_description: This document is a summary of terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes details on currency denomination, tax considerations for UK and US investors, ERISA considerations, risk factors, potential conflicts of interest, and information about special counsel and auditors for the fund.

key_organizations:
Glendower Capital
Third Lake Capital
PricewaterhouseCoopers LLP
Deloitte Touche Tohmatsu
KPMG
Ernst & Young LLP


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

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


document_description: A confidential private placement memorandum related to Glendower Capital Secondary Opportunities Fund IV, LP, and Third Lake Capital.


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

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

document_subtype: Risk Factors


document_description: The document outlines various risk factors associated with investments made by the Glendower Capital Secondary Opportunities Fund IV, LP. These include 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.

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 W, LP. It highlights the limited ability to negotiate secondary transaction terms, the potential for investments to extend beyond the fund's term, the nature of fund investments requiring long-term commitment, restrictions on transfer and withdrawal, and performance risks. The document emphasizes that the fund is suitable only for sophisticated investors who can withstand the risk of losing their entire investment.

title: Risk Factors for Glendower Capital Secondary Opportunities Fund W, LP


document_description: This section outlines the risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the unpredictability of future returns, the potential impact of poor performance by some investments, the exclusive bearing of losses by the Fund and its partners, the additional risks associated with leverage, and the use of subscription line facilities. It also notes the potential for accelerated carried interest due to borrowing strategies and the limitations of historical investment 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 highlights 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. The document emphasizes the uncertainties in achieving investment objectives and the reliance on the manager's expertise.

key_people:
Manager
Key Persons

key_organizations:
Glendower Capital
Deutsche Bank


document_description: The document outlines various risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the liquidity risk of the fund's investments, potential distributions in kind, investor obligations and risks, uncertainties in payment timings, and risks associated with unspecified transactions. The document emphasizes the illiquid nature of investments, potential penalties for investors failing to meet obligations, and the reliance on the Manager's judgment for investment decisions.


document_description: The document outlines various risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP, including valuation risk, absence of Investment Company Act protection, tax risks, and the impact 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 N. 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 UK Criminal Finances Act 2017, which introduces a corporate offense for failure to prevent the facilitation of tax evasion.

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

key_locations:
United States
United Kingdom


document_description: The document outlines various risk factors associated with the Glendower Capital Secondary Opportunities Fund W. LP, including tax evasion risks, co-investment risks, dilution from subsequent closings, and indemnification clauses. It discusses the potential legal and financial implications of these risks on the Fund and its investors.

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


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


document_description: This document outlines the risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the potential for side letters that may grant certain limited partners more favorable terms than others, including reporting obligations, withdrawal rights, and fee payments. The document also covers general market risks, economic conditions, interest rates, inflation, and deflation, and how these factors could impact the fund's investments.

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


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 can 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. Debt market disruptions can limit financing availability, affecting investment acquisition and exit opportunities. Legal and regulatory changes may impact the fund's strategy and investment value.


document_description: This document outlines 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 impacts on the private investment industry, market conditions, and legal obligations.

key_locations:
UK
European Union

key_organizations:
Glendower Capital
European Union


document_description: This document outlines various risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP. It covers risks related to electronic communications, cybersecurity threats, compliance with pay-to-play laws, and the nature of forward-looking information. The document emphasizes the potential for electronic communications to be compromised, the cybersecurity risks faced by the fund and its service providers, the implications of non-compliance with pay-to-play regulations, and the uncertainties associated with forward-looking statements.

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

key_organizations:
Glendower Capital
Third Lake Capital
Credit Suisse Asset Management Limited


document_description: The document is a section from a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, discussing risk factors associated with the investment. It advises potential investors to read the entire memorandum and consult professional advisers before investing.


document_description: The document discusses potential conflicts of interest related to the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines situations where the Manager and its affiliates may encounter conflicts of interest in connection with the Fund's investment activities. The document emphasizes that investors should acknowledge these conflicts and waive any claims related to them. It also details specific conflicts such as those among investors, broken deal expenses, investments by management team members, and carried interest.

key_people:
Manager
General Partner
Fund Advisory Committee


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


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

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


document_description: This document is a section from the Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the risk management systems, leverage policies, and the role of the Depositary, Aztec Financial Services (UK) Limited, in managing the Fund's assets. The document also states that no investors have been admitted to the Fund, and therefore, there is no net asset value or historical performance data available. The Depositary's liability is limited, and it may delegate duties to third-party custodians.

key_organizations:
Glendower Capital
Aztec Financial Services (UK) Limited


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

key_locations:
New York
Puerto Rico
Virgin Islands
District of Columbia

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


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

document_subtype: Legal Considerations


document_description: This document discusses legal, ERISA, and tax considerations for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the 25% Test for Benefit Plan Investors under ERISA, the requirement for Form 5500 reporting, and certain U.S. federal income tax considerations for investors. The document also covers the treatment of the fund as a partnership for tax purposes and the implications of the Bipartisan Budget Act of 2015 on partnership audit rules.

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

key_people:
Plan administrators
General Partner

key_organizations:
Glendower Capital
U.S. Internal Revenue Service

reference_numbers:
Section 4975
Form 5500


document_description: This section of the document discusses the legal, ERISA, and tax considerations for the Glendower Capital Secondary Opportunities Fund IV, LP. It covers the implications of partnership audit procedures, the treatment of dividends and investments in passive foreign investment companies (PFICs) and controlled foreign corporations (CFCs), and the restrictions on the deductibility of expenses and losses for U.S. federal income tax purposes.


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

reference_numbers:
Form 8865
Form 926
Form 8938


document_description: This document 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. The Fund is structured as an English limited partnership, and its tax treatment is based on it being an investment partnership. Investors are advised to consult their tax advisers for specific guidance.

document_subtype: Tax and Legal Considerations

key_organizations:
Glendower Capital
HM Revenue & Customs


document_description: The document discusses certain legal, ERISA, and tax considerations for investors in the Glendower Capital Secondary Opportunities Fund N. LP. It covers topics such as withholding taxes, tax credits, and the implications for alternative investment vehicles.


document_description: A confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, associated with Third Lake Capital.


document_description: Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, labeled as confidential under Federal Rules of Criminal Procedure.


document_description: This document is a memorandum related to the distribution and offer of interests in the Glendower Capital Secondary Opportunities Fund IV, LP. It includes notices to investors in specific jurisdictions, highlighting legal restrictions and compliance requirements for the offer and sale of interests. The memorandum specifies that it is not an offer to the public and outlines confidentiality provisions. It also provides specific notices for residents of the European Economic Area, Denmark, Finland, and Germany, detailing the conditions under which the interests may be marketed in these regions.

key_locations: Denmark Finland Germany

document_subtype: Memorandum

key_organizations:
Glendower Capital
Third Lake Capital
European Economic Area
Finnish Financial Supervisory Authority


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the regulatory and marketing restrictions for offering the fund's interests in various countries including the Netherlands, Sweden, the United Kingdom, Australia, and Bahrain. The memorandum specifies the legal frameworks and investor qualifications required in each jurisdiction.

key_locations:
The Netherlands
Sweden
United Kingdom
Australia
Bahrain

key_organizations:
Glendower Capital
Third Lake Capital
Finansinspektionen
FCA
Central Bank of Bahrain


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

key_locations:
Guernsey
Haiti
Hong Kong
Israel
Japan

key_organizations: Securities and Futures Commission in Hong Kong


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal restrictions and conditions for the solicitation and sale of interests in the fund in various jurisdictions, including Japan, Kuwait, and Mexico. The memorandum specifies the legal exemptions and requirements under the Financial Instruments and Exchange Law (FIEL) in Japan, the restrictions under Kuwaiti law, and the compliance with the Mexican Securities Market Law. It emphasizes the confidentiality of the document and the risks associated with the investment.

key_locations: Japan Kuwait Mexico

key_organizations: Credit Suisse Securities (Japan) Limited

key_organizations: Mexican Banking and Securities Commission


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal and regulatory considerations for offering and distributing investment interests in various jurisdictions, including Korea, St. Kitts and Nevis, and Switzerland. The document specifies that the fund is not registered with regulatory authorities in these regions and provides details on the distribution process in Switzerland, including the roles of the representative and paying agent.

key_locations:
Korea
St. Kitts and Nevis
Switzerland
Geneva

key_organizations: Swiss Financial Market Supervisory Authority


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

key_organizations:
Glendower Capital
Third Lake Capital


document_description: This document provides detailed information about the Glendower Capital Secondary Opportunities Fund N. LP, including definitions and descriptions of various terms related to the fund's structure, management, and investment strategies. It includes information about the Fund Advisory Committee, Fund Documents, Fund Partnership Agreement, Fund Secondary, Fund Sponsor, General Partner, and other related entities and agreements.

key_organizations:
Glendower Capital
Glendower Capital LLP


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

key_locations:
Cayman Islands
United Kingdom
United States

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


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes definitions and explanations of terms related to the fund, such as subsequent closing partners, team investment, total value, TVPI, and various legal and regulatory terms. The document is intended for limited partners admitted to the fund after the first closing.


document_description: The document is a Confidential Private Placement Memorandum prepared by Deutsche Alternative Asset Management (Global) Limited (DAAM(G)L) for the SOF Funds. It provides performance information about the SOF Funds and related transactions managed by the SOF Team while at Deutsche Bank. The document includes disclaimers about the accuracy and comparability of the performance data, which is based on both actual and projected proceeds. It also discusses the potential impact of various factors on the projected returns and emphasizes that past performance is not indicative of future results.

key_organizations: Glendower Capital Secondary Opportunities Fund IV. LP


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

key_organizations:
Third Lake Capital
Glendower Capital


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

title: Appendix 6 Directory

document_subtype: Directory

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


document_description: Proposal for the board of directors of the General Partner for Glendower Capital Secondary Opportunities Fund IV, LP. The proposed board members are Alan Turner, Andrew Johnson, Kirsten Le Pape, and Vanessa Barrett, each with extensive experience in financial services and fund management.

key_people:
Alan Turner
Andrew Johnson
Kirsten Le Pape
Vanessa Barrett

key_locations:
Cayman Islands
Bermuda
Ireland
UK
USA
London
San Francisco

document_subtype: Board of Directors Proposal

key_organizations: Cayman Islands Institute of Professional Accountants

key_organizations: American Institute of Certified Public Accountants


document_description: The document contains confidential information related to the Jeffrey Epstein case, marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


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

document_subtype: Investment Instructions


document_description: This document outlines the terms and conditions of an investment agreement between an investor and a partnership, including the discretion of the General Partner in committing funds, representations and warranties of the investor, and restrictions on transfer of interests.

key_people:
General Partner
Investor

document_subtype: Investment Agreement


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


document_description: This document outlines the terms and conditions for an investor's capital contribution to a partnership managed by Third Lake Capital. It includes clauses on full contribution requirements, liquidity needs, investment objectives, securities laws compliance, and exemptions from CFTC registration for the General Partner and Investment Manager.

key_organizations: U.S. Commodity Futures Trading Commission


document_description: This document outlines the terms and conditions for an investor, referred to as 'Investor', in a partnership. It specifies that the Investor, if an entity, is not formed to circumvent securities laws and must provide additional documentation if requested. The Investor must notify the General Partner of any disqualifying events that could affect the partnership's reliance on Rule 506 exemption under the Securities Act. The document also confirms the Investor's authority to execute agreements and that such execution does not conflict with other agreements.

key_people:
Investor
General Partner

document_subtype: investment agreement


document_description: This document outlines the terms and conditions of an agreement between an Investor and a Partnership, including the Investor's acknowledgments and representations regarding their investment. It covers aspects such as the Investor's knowledge and experience, tax considerations, and status as a disregarded entity. The document also includes provisions to ensure the Partnership qualifies for certain tax benefits under U.S. Treasury Regulations.

document_subtype: Partnership Agreement


document_description: This document outlines the terms and conditions related to the partnership interests of Third Lake Capital, including tax classifications, transfer restrictions, borrowing limitations, and legal representation disclaimers. It specifies that the Sole Owner must comply with the Partnership Agreement when transferring interests and that the Investor has not borrowed funds for its contribution. It also clarifies that Cleary Gottlieb and Maples and Calder represent the Partnership and related entities, not the investors, and advises investors to seek independent legal counsel. Additionally, it includes a privacy notice regarding the handling of nonpublic personal information under Regulation P.

key_people:
Cleary Gottlieb Steen & Hamilton LLP
Maples and Calder

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


document_description: This document outlines the terms and conditions for investors purchasing an interest in Third Lake Capital Partnership. It includes clauses on nominees and custodians, final form agreements, solicitation restrictions, and compliance with sanctions and anti-money laundering laws.

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

key_organizations: Her Majesty's Treasury of the United Kingdom


document_description: The document outlines the legal obligations and representations of an investor in a partnership, focusing on compliance with anti-money laundering laws and sanctions. It specifies that the investor's funds must not be derived from illegal activities and that the investor must comply with U.S. and UK laws. The investor must also ensure that no sanctioned parties have an interest in their investment and must conduct due diligence on beneficial owners if investing on behalf of third parties.

key_locations:
United States
UK

document_subtype: Subscription Agreement


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


document_description: This document outlines the terms and conditions of an investment management agreement involving Third Lake Capital and iCapital. It includes details about the risks, fees, and conflicts of interest associated with the investment, as well as the responsibilities and acknowledgments of the Investor and the Investor Fiduciary. The document also specifies the legal and regulatory compliance required for the execution of the agreement.

key_organizations:
Third Lake Capital
iCapital


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

key_organizations:
iCapital
General Partner


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


document_description: This document outlines the terms and conditions 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.


document_description: This document is an investment agreement between an Investor and a Partnership, detailing the terms and conditions for the Investor's purchase of an Interest in the Partnership. It includes representations and warranties by the Investor, requirements for additional information, and indemnity clauses protecting the Partnership and its affiliates.

key_organizations:
Third Lake Capital
Partnership
General Partner
Underlying Fund Manager
Financial Advisor


document_description: This document outlines the terms and conditions of a partnership agreement between an investor and a partnership, including consent withdrawal procedures, contact information updates, internet access requirements, and jurisdictional matters. It specifies the binding nature of the agreement, the requirement for electronic confirmation of consent, and the governing laws of the State of Delaware. The document also establishes the exclusive jurisdiction of New York courts for any legal actions related to the agreement.

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

key_organizations:
Third Lake Capital
iCapital Network


document_description: This document is a fee acknowledgement form related to an investment in Thad Lake Capital. It includes sections for acknowledging receipt of a supplement to the Private Placement Memorandum, an upfront placement fee, and an investor signature page for admitting the undersigned as a Limited Partner of the Partnership.

title: Fee Acknowledgement and Investor Signature Page

document_subtype: Fee Acknowledgement


document_description: This document is a signature page for the General Partner of Third Lake Capital, related to a subscription agreement. It outlines the acceptance of a subscription for an amount of interest, which can be equal to or less than the amount offered by the Limited Partner. The document is marked as proprietary and confidential.

document_subtype: General Partner Signature Page

key_organizations: Glendower Access Secondary Opportunities IV GP LLC


document_description: The document contains placeholders for names, relationships to investors, emails, and phone numbers, all of which are empty. It is marked as proprietary and confidential, with references to confidentiality under Federal Rules of Criminal Procedure. It includes reference numbers DB-SDNY-0096011, SDNY_GM_00242195, and EFTA01391211.


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

document_subtype: investment questionnaire


document_description: The document outlines criteria for an employee benefit plan to qualify as an accredited investor under the Employee Retirement Income Security Act of 1974. It specifies conditions such as having total assets in excess of $5,000,000 or being managed by a plan fiduciary. It also mentions that the investor entity must have all equity owners as accredited investors.

document_subtype: investment document


document_description: This document outlines the criteria under which an investor is considered a 'qualified purchaser' under the Investment Company Act. It provides different categories and conditions that an investor must meet to qualify, such as owning a certain amount of investments or being a qualified institutional buyer.

title: Exhibit D - Investment Company Act Representations

document_subtype: Investment Company Act Representations


document_description: This document is an investment questionnaire for Third Lake Capital, assessing the status of the investor in relation to the Investment Company Act. It includes questions about the investor's structure, ownership, and purpose of formation.


document_description: This document is an investment questionnaire for Third Lake Capital, focusing on the investor's commitment and the identification of ultimate beneficiaries with significant control or proceeds rights.


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

title: Plan Investor Representations

document_subtype: Investor Representation Agreement


document_description: This document is an investment agreement related to a Plan Investor's involvement with a Partnership. It includes representations and warranties that the Plan Investor must agree to if they answered 'Yes' to certain questions about being an 'employee benefit plan' organized outside the United States. The document outlines the responsibilities and independence of fiduciaries making investment decisions, and the compliance of the Partnership Agreement with the Investor's governing instruments and applicable laws.


document_description: This document outlines the offering for Glendower Capital Secondary Opportunities Fund IV, LP, a private equity secondary fund. It includes details about the fund's formation, strategy, track record, and key terms. The fund aims to raise US$1.75 billion and has a strong historical performance with a focus on globally diversified portfolios.

title: Glendower Capital Secondary Opportunities Fund IV, LP Offering

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

document_subtype: Investment Offering

key_organizations:
Glendower Capital
Deutsche Asset Management