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

title: Anti-Money Laundering Considerations and Regulations

document_subtype: Anti-Money Laundering Policy

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


source: doj

document_description: This document is an appendix containing key definitions related to the Glendower Capital Secondary Opportunities Fund IV, LP. It includes terms and definitions relevant to legal, ERISA, and tax considerations, as well as investment and fund management terms.

title: Appendix 4 Key Definitions

document_type: tabular

document_subtype: Appendix

key_organizations:
Glendower Capital
Ironsides Asset Mgmt


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

document_subtype: Confidential Private Placement Memorandum


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the investment period, platforms, restrictions, and key persons involved in the fund. It also includes definitions of terms such as IRS, LIBOR, NAV, and others relevant to the fund's operations.

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

key_organizations: Organization for Economic Co-operation and Development


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

key_locations:
Cayman Islands
UK
EU
U.S.


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.

key_locations:
United States
United Kingdom

key_organizations:
Glendower Capital
Ironsides Asset Management


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

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

document_type: financial

document_subtype: performance report


document_description: The document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP, prepared by Deutsche Alternative Asset Management (Global) Limited. 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 performance data, the impact of various factors on projected returns, and the inherent uncertainties in forward-looking statements.


document_description: A confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, managed by Ironsides Asset Management, aiming to achieve comparable returns as outlined in the document.

key_organizations:
Ironsides Asset Management
Glendower Capital


document_description: This document is an appendix from a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes a directory of key entities involved with the fund, such as the manager, special counsel, auditors, depositary, fund administrator, and placement agents.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Appendix 6 Directory

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


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

title: Appendix 7 Board of Directors of the General Partner

key_people:
Alan Turner
Andrew Johnson
Kirsten Le Pape
Vanessa Barrett

document_type: correspondence

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

document_subtype: Board of Directors Proposal

key_organizations: Cayman Islands Institute of Professional Accountants

key_organizations: American Institute of Certified Public Accountants


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes contact information for Glendower Capital in the U.S. and the U.K., as well as Credit Suisse Asset Management in London. Key contacts include Joshua C. Glaser, Carlo Pirzio-Biroli, and Michael J. Murphy.

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

key_locations:
New York, NY, USA
London, UK

key_organizations:
Glendower Capital
Credit Suisse Asset Management


document_description: This document outlines the agreement between Deutsche Bank Securities Inc. (Solicitation Agent), Glendower Access Secondary Opportunities IV GP LLC, and iCapital Advisors, LLC. It details the compensation structure for the Solicitation Agent, including a Placement Fee and a Servicing Fee, for soliciting clients to invest in the Glendower Access Secondary Opportunities IV funds. The Placement Fee is a one-time charge based on the subscription amount, while the Servicing Fee is calculated quarterly based on the investment period of the underlying fund.

title: Disclosure Statement for Deutsche Bank Securities Inc.

document_subtype: Disclosure Statement

key_organizations:
Deutsche Bank
Glendower
iCapital


document_description: This document outlines the servicing and placement fees related to DB Introduced Persons' investments in the Access Fund managed by Ironsides Asset Management. It details the fee structure based on subscription amounts and potential conflicts of interest due to compensation arrangements with the Solicitation Agent.

key_organizations:
Ironsides Asset Management
Access Fund
Glendower GP
Glendower Capital LLC
Solicitation Agent
iCapital


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 sections for individuals and entities, initial capital contribution requirements, and client identification documents needed.

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

document_subtype: Investment Instructions


document_description: This document outlines the terms and conditions of an investment agreement between an investor and a partnership managed by Ironsides Asset Management. It includes details on the discretion of the General Partner regarding investment commitments, representations and warranties of the investor, and restrictions on the transfer of interests.

document_type: legal

document_subtype: Investment Agreement


document_description: This document outlines the terms and conditions for an investor purchasing an interest in Ironsides Asset Management. 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 potential for a complete loss of capital, and the lack of a public market for the interest.


document_description: This document outlines the terms and conditions for an investor, which could be a corporation, trust, partnership, limited liability company, or other entity, in relation to the Securities Exchange Act of 1934 and the Rule 506 exemption under the Securities Act. It includes clauses on the formation and purpose of the investor entity, disclosure of disqualifying events, and the investor's power and authority to execute agreements.

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 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 investment in a partnership by an investor. It specifies the tax status of the partnership, restrictions on transferring interests, and the legal representation of the parties involved. It also includes a privacy notice regarding the handling of financial information.

key_people:
Cleary Gottlieb Steen & Hamilton LLP
Maples and Calder

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


document_description: This document outlines the terms and conditions for an investor's purchase of an interest in a partnership managed by Ironsides Asset Management. 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 compliance requirements for investors, prohibiting involvement with sanctioned parties, non-cooperative jurisdictions, senior foreign political figures, and foreign shell banks. It specifies that no funds or property contributed to the partnership should originate from these prohibited sources.

document_subtype: legal compliance document

key_organizations:
Ironsides Asset Management
Financial Action Task Force
U.S. Treasury Department


document_description: This document outlines the confidentiality obligations of an Investor in relation to Non-Public Information associated with a Partnership. It specifies the conditions under which the Investor may disclose such information, including to professional advisors or under legal compulsion, and emphasizes the proprietary nature of the information. It also addresses the Investor's obligations under the Freedom of Information Act (FOIA) and similar laws.

document_subtype: confidentiality agreement

key_organizations:
Ironsides Asset Management
General Partner
Partnership
Investment Manager
Underlying Fund


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


document_description: This document outlines the terms and conditions of a Partnership Agreement involving Ironsides Asset Management and an Investor. It specifies the responsibilities and liabilities of the General Partner and iCapital Securities, LLC, and clarifies that neither party is providing investment advice. The Investor is responsible for making independent investment decisions and understanding the risks involved. The document also discloses any financial interests of iCapital and its Affiliates.

key_people:
General Partner
Investor Fiduciary

key_organizations:
Ironsides Asset Management
iCapital Securities, LLC


document_description: This document outlines the conditions and representations required for an Investor Fiduciary to make a proposed purchase of an Interest under ERISA and the Code. It specifies the fiduciary's independence, authority, and compliance with diversification and prohibited transaction rules.

key_organizations:
Ironsides Asset Management
iCapital


document_description: This document is a Subscription Agreement for a partnership involving Glendower Access Secondary Opportunities IV GP LLC and iCapital Advisors, LLC. It outlines the power of attorney granted to the General Partner and Investment Manager, the expenses related to the agreement, and the conditions under which the subscription for interest in the partnership may be reduced or rejected.

document_subtype: Subscription Agreement


document_description: This document is an investment agreement between an Investor and a Partnership, detailing the Investor's representations, obligations, and indemnity clauses. It outlines the Investor's responsibility to provide accurate information, comply with regulatory requirements, and indemnify the Partnership and its affiliates against losses arising from breaches of the agreement.

key_organizations:
Ironsides Asset Management
Partnership
General Partner
Investment Manager
Underlying Fund Manager


document_description: This document outlines the obligations and agreements of an investor in a partnership, including the provision of tax forms and information for compliance with FATCA and CRS, and the consent to receive Schedule K-1 electronically.

key_organizations:
Ironsides Asset Mgmt
Partnership
General Partner
IRS
U.S. Treasury


document_description: This document outlines the terms and conditions of a partnership agreement between an investor and a partnership managed by Ironsides Asset Management. It includes details on consent withdrawal, contact information updates, internet access requirements, and legal jurisdiction.

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

key_organizations:
Ironsides Asset Management
iCapital Network


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

document_subtype: investment form


document_description: A form for investors to provide contact information for receiving communications related to their investment in the Partnership or iCapital Network. It includes options for involving a financial advisor and additional individuals in correspondence.

document_subtype: investment communication


document_description: A confidential document related to Ironsides Asset Management with placeholders for investor information. It includes proprietary and confidential markings and references to federal rules.

document_type: other

document_subtype: confidential document


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

document_subtype: investment questionnaire


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

title: Exhibit C - Accredited Investor Status

document_subtype: Accredited Investor Status Form


document_description: The document outlines criteria for 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 is an exhibit related to investment company act representations for entities such as partnerships, trusts, and corporations. It outlines the criteria for an investor to be considered a 'qualified purchaser' under the Investment Company Act, including ownership of investments worth not less than $5,000,000 or $25,000,000, and other specific conditions.

title: Investment Company Act Representations

document_subtype: investment representation


document_description: This document is a questionnaire for an investor, likely related to a partnership or investment fund, to determine their status under the Investment Company Act. It includes questions about the investor's structure, ownership, and purpose.


document_description: This document is an investment questionnaire for Ironsides Asset Management, asking about the investor's commitment of assets, ultimate beneficiaries, and whether the investor or beneficiaries are publicly traded or regulated entities.


document_description: This document is an investment agreement related to Ironsides Asset Management, outlining conditions for Plan Investors, particularly those organized outside the United States. It includes representations and warranties required from the Investor if certain conditions are met, such as the independence of fiduciaries making investment decisions and compliance with governing instruments and laws.


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

title: Notice Regarding Privacy of Financial Information

document_subtype: notice

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


document_description: This document outlines the terms and conditions for the Glendower Access Secondary Opportunities Fund IV (U.S.), L.P., including investment strategy, structure, fees, and reporting requirements. The Access Fund invests in the Glendower Capital Secondary Opportunities Fund IV, L.P. Key terms include minimum commitments, fund term, capital calls, management fees, and carried interest.

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

key_people: Glendower Access Secondary Opportunities IV GP LLC

document_subtype: Investment Fund Document


document_description: The document provides information about the Glendower Access Secondary Opportunities IV (U.S.), L.P. and highlights the risks and fees associated with investing in the Access Fund compared to the Underlying Fund. It warns investors about potential lower returns due to additional fees and expenses, and outlines various risks associated with alternative investments.

document_subtype: investment information


document_description: The document is an offering for the Glendower Capital Secondary Opportunities Fund IV, LP, a private equity secondary fund managed by Glendower Capital. It outlines the fund's strategy, performance metrics, and key terms, targeting US$1.75 billion in commitments. The fund aims to build a diversified portfolio of seasoned funds and co-investments in the secondary market.

title: Glendower Capital Secondary Opportunities Fund IV, LP Offering

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

key_locations:
London
New York

document_subtype: Investment Offering

key_organizations:
Glendower Capital
Deutsche Asset Management


document_description: Glendower Capital SOF IV, LP outlines its investment strategy focusing on Fund Secondaries, GP-led Secondaries, and Single Asset Deals, primarily in the US and Europe. The strategy includes a barbell approach to portfolio construction, identifying less competitive deals, pursuing a value approach, buying margin of safety, and focusing on efficient portfolio construction. The document also highlights the experience of the investment team.

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

document_subtype: investment strategy document

key_organizations:
Glendower Capital
Deutsche Bank
Pomona
Lehman Brothers
Chatterjee/Soros
Cowen
ABN Amro
KPMG
Paul Capital
Forum Capital
CIBC Oppenheimer
ADIA
UBS
Credit Suisse
Gallo & Co.


document_description: This confidential presentation by Glendower Capital, LLP provides summary information about existing and future funds managed by Glendower, specifically the Glendower Capital Secondary Opportunities Fund IV, LP. It is intended for sophisticated investors and emphasizes the confidentiality of the information, the risks involved in investing, and the non-reliance on this document for investment decisions. The presentation also outlines potential conflicts of interest and the role of Credit Suisse as the Fund's placement agent.

title: Glendower Capital Secondary Opportunities Fund IV, LP Presentation

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

document_subtype: confidential presentation

key_organizations:
Glendower Capital
Mirabella Advisers LLP
Credit Suisse


document_description: This document contains legal disclaimers for the distribution of a presentation related to GLENDOWER Capital SOF IV, L.P. It outlines the legal restrictions and requirements for distributing the presentation in various jurisdictions including the EEA, UK, Australia, Bahrain, Brazil, Brunei, Canada, Chile, and China. The document specifies the conditions under which the presentation can be distributed and the legal obligations of recipients in these regions.

title: Legal Disclaimers for GLENDOWER Capital SOF IV, L.P.

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

document_subtype: legal disclaimer

key_organizations:
GLENDOWER Capital SOF IV, L.P.
Credit Suisse Group
Central Bank of Bahrain
Brazilian Securities Commission
Autoriti Monetari Brunel Darussalam
Superintendencia de Valores y Seguros
People's Republic of China


document_description: This document contains legal disclaimers for Glendower Capital SOF IV, L.P., addressing the offering of securities in various jurisdictions including St. Kitts and Nevis, UAE, and the USA. It outlines the non-registration of the fund with regulatory authorities and the associated risks of investment.

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

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

key_organizations: Financial Services Regulatory Commission


document_description: This document is a supplemental disclosure by Deutsche Bank, acting as a solicitation agent for a fund. It outlines the nature of the information provided, the risks involved, and the lack of guarantees regarding the securities described. It also clarifies that Deutsche Bank does not provide accounting, tax, or legal advice and authorizes the recipient to disclose the structure and tax aspects of the potential transaction.

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

document_subtype: disclosure

key_organizations:
Deutsche Bank Wealth Management
Deutsche Bank Securities Inc.
Deutsche Bank Trust Company Americas
Ironwood Asset Mgmt


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

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

document_date: April 2018

document_subtype: investment overview


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

title: Summary of Key Terms for Access Fund

key_people: Glendower Access Secondary Opportunities IV GP, LLC

document_subtype: financial summary

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


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

document_subtype: investment fund document

key_organizations:
Glendower Capital
Ironsides Asset Management


document_description: This confidential presentation by Glendower Capital, LLP provides summary information about existing and future funds managed or advised by Glendower, specifically the Glendower Capital Secondary Opportunities Fund IV, LP. It is intended for sophisticated persons for evaluation of potential investment and is strictly confidential. The presentation is not an offer to sell or a solicitation to purchase any interests.

key_organizations: United Kingdom Financial Conduct Authority


document_description: The document provides an overview of secondary private equity investments, explaining the differences between primary and secondary private equity investments. It describes the secondary private equity market as a liquidity tool for primary PE investors and outlines its expansion over the last two decades.

document_subtype: informational document

key_organizations:
Ironseles Asset Mgmt
Glendower Capital


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

title: Benefits of Secondary Private Equity Investing

document_subtype: financial analysis


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

document_subtype: presentation slide


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

title: Glendower Capital Secondary Opportunities Fund IV Overview

key_locations:
United States
Europe

document_subtype: Investment Fund Overview


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

title: Glendower Capital Overview

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

key_organizations:
Glendower Capital
Deutsche Bank


document_description: This document provides an overview of the Glendower Capital team, listing core members, their roles, years of experience, and educational backgrounds. It includes information about managing partners, partners, vice presidents, associates, and other team members across locations in London and New York.

title: Glendower Capital Team Overview

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

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


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

title: SOF Funds vs Cambridge Associates' Secondary Funds Performance

document_subtype: financial performance report

key_organizations:
Glendower Capital
Cambridge Associates
Ironsides Asset Management


document_description: The document provides an overview of the performance of SOF, SOF II, and SOF III funds managed by Ironsides Asset Management. It includes metrics such as Net Contributed Capital, DPI (Distributed to Paid-In Capital), and TVPI (Total Value to Paid-In Capital) over various quarters from inception. The performance figures are based on unaudited results as of September 30, 2017. The document also notes that past performance is not indicative of future results and excludes performance information on SOF D.

title: Ironsides Asset Management Performance Overview

key_organizations:
Ironsides Asset Management
Glendower Capital


document_description: This document contains information about Glendower Capital's investment strategy, secondary market updates, and key terms for their Secondary Opportunities Fund IV. It is marked as strictly confidential and is related to legal proceedings as indicated by the reference to Fed. R. Crim. P. 6(e).

title: Glendower Capital Document


document_description: The document provides a market segmentation analysis by Glendower Capital, categorizing funds into three sizes: Large (L), Medium (M), and Small (S). It includes characteristics and approximate number of players for each category, based on data from Pregin database and Glendower Capital's market intelligence as of November 2012.

title: Glendower Capital Market Segmentation Analysis

document_subtype: market analysis

key_organizations:
Glendower Capital
Pregin database


document_description: Glendower's investment strategy focuses on sourcing less competitive deals globally, pursuing a selective value approach, buying with a margin of safety, and focusing on efficient portfolio construction. The strategy includes disciplined bottom-up underwriting of attractive assets managed by quality managers, with a focus on mid-sized alpha value investors and diversification across deals to mitigate risk.

title: Glendower Investment Strategy

key_organizations:
Glendower
Ironsides Asset Mgmt


document_description: The document outlines a disciplined barbell approach to asset management, focusing on fund secondaries, GP-led secondaries, and single asset deals. It includes market estimates, deal sizes, expected allocations, and historical performance metrics.


document_description: This document provides illustrative case studies of fund secondaries transactions managed by Ironsides Asset Management. It includes details on various projects/funds, deal sizes, discounts, regions, sellers, and descriptions of the transactions. The document highlights the proprietary nature of some deals, the motivations of sellers, and the structure of the transactions.

title: Ironsides Asset Management Fund Secondaries Transactions

document_subtype: Illustrative case studies


document_description: The document provides illustrative case studies of GP-led transactions and single asset deals managed by Ironsides Asset Management. It includes details on various projects/funds, deal sizes, regions, sellers, and descriptions of the deals.

document_subtype: case studies


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

title: Glendower Capital Document


document_description: The document provides an analysis of the secondary market driven by global private equity (PE) market growth and increased trading propensity. It includes data on total PE assets, unrealized portfolio values, dry powder, and annual secondary volumes as a percentage of total PE assets from 2007 to 2017.

title: Ironsides Asset Management - Secondary Market Analysis


document_description: The document provides an analysis of the secondary market capitalization, highlighting a balanced capital supply with specific figures for dry powder and annual deal volume. It includes a table and a chart illustrating the relationship between dry powder and deal volume, with data sourced from Glendower Capital and other financial reports.

document_subtype: financial report

key_organizations:
Glendower Capital
Greenhill
Bain & Company


document_description: The document provides an analysis of significant unrealized value in tail-end funds, with a focus on seller composition and unrealized private equity value across different periods. It includes tables showing the distribution of unrealized PE value by year and seller composition by percentage.

title: Ironsides Asset Management Report


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

title: Glendower Capital Document


document_description: The document provides a financial overview of the SOF Ill Portfolio managed by Ironsides Asset Management as of September 30, 2017. It includes details on gross invested capital, sector composition, investment strategy, and vintage year distribution.

title: SOF Ill Portfolio - Highlights


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

title: SOF IV - Near term pipeline

key_locations:
North America
EMEA
Global
APAC


document_description: The document outlines the key investment data and transaction summary for Project Sunrise, a GP-led secondary deal expected to close in April 2018. It involves mid-market investments in the US consumer industry, including dining and fitness brands. The investment rationale highlights Glendower's ability to deliver bespoke solutions and perform extensive diligence.

title: SOF IV - Project Sunrise

document_subtype: Investment Summary


document_description: This document outlines an exclusive GP-led secondary deal for SOF IV — Project Klein, expected to close in June 2018. It involves a mid-market buyout strategy focusing on Europe/UK in business and healthcare services. The investment includes four companies with a focus on growth opportunities and cost efficiency initiatives.

title: SOF IV — Project Klein

key_locations: Europe UK

document_subtype: investment summary


document_description: Key terms for Glendower Capital Secondary Opportunities Fund IV, LP, including target size, structure, investment period, term, minimum commitment, team commitment, general partner share, carried interest, hurdle rate, and clawback provisions.

title: SOF IV - Master Fund Key Terms

document_subtype: investment fund terms


document_description: The document is a scorecard for SOF IV, evaluating alignment of interest, governance, and transparency based on ILPA 2 principles. It includes best practices such as all-contribution-plus-preferred-return-back-first model, LP favorable clawback provision, and comprehensive financial reporting.

title: SOF IV - ILPA 2 Scorecard

document_subtype: scorecard

key_organizations: Institutional Limited Partner Association


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

title: Glendower Capital Team Bios

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

document_subtype: team bios

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


document_description: Team bios for key personnel at Ironsides Asset Management, detailing their roles, previous experience, and educational background.

key_people:
Deirdre Davies
Joshua Glaser
Emilio Olmos
Francesco Rigamonti

key_locations:
London
New York
Abu Dhabi
Milan
South Africa
Madrid
Paris
Chicago
Milan

key_organizations:
Deutsche Bank
ABN Amro
KPMG
6Com
Paul Capital
Forum Capital
CIBC Oppenheimer
ADIA
UBS
Credit Suisse
Lafarge
Gallo & Co.
Glendower Capital


document_description: This document provides biographies of key team members at Ironsides Asset Management, detailing their professional backgrounds and educational qualifications.

title: GLDUS142 Ironsides Asset Mgmt Team Bios

key_people:
Rikesh Mohandoss
Devrup Banerjee
Aldrich Chan
Philippe Ferneini

key_locations:
New York
London

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


document_description: Team bios for Glendower Capital employees, detailing their roles, previous experience, and educational background.

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

document_date: unknown

key_locations:
New York
London
Pretoria

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


document_description: This document provides key information about the SOF III fund managed by Ironsides Asset Management, including fund size, investor distribution by region and type, and size of individual commitments.

title: SOF III — Investor base

key_organizations:
Ironsides Asset Management
Deutsche Bank
Glendower Capital


document_description: This document provides a detailed transaction summary for Ironsides Asset Management's SOF III as of September 30, 2017. It includes information on various projects, their sourcing, seller types, deal types, funds, invested and funded capital, initial closing dates, gross multiples, and portfolio details.

title: Overall transaction summary as of September 30, 2017

document_subtype: transaction summary


document_description: The document provides a breakdown of the gross invested capital for SOF II, including investment strategy, asset geography, sector composition, and vintage year distribution. It includes performance metrics as of September 30, 2017, such as capital called, distributions, remaining NAV, and total net return. The document also details the regional and sectoral allocation of investments.

title: SOF II — Portfolio construction


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

document_subtype: financial summary


document_description: This document is a presentation by Glendower Capital regarding an investment fund managed by Ironsides Asset Management. It outlines the risks, disclaimers, and forward-looking statements associated with the fund. The presentation emphasizes that past performance is not indicative of future results and that there are no assurances of achieving comparable returns. It also highlights the potential risks and lack of liquidity associated with the investment, making it suitable only for sophisticated investors.

document_subtype: investment presentation

key_organizations:
Ironsides Asset Management
Glendower Capital
Credit Suisse


document_description: The document provides important information on the track record of the Glendower SOF Team, which spun off from Deutsche Bank in August 2017 to form Glendower Capital LLP. It discusses the investment performance and track record of the SOF Funds, including details on key personnel involved, investment returns, valuation methodologies, and target returns. The document emphasizes that the performance information is illustrative and unaudited, and outlines the factors affecting investment returns and valuations.

title: Notes to Investment Performance

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

document_subtype: Investment Performance Notes

key_organizations: Deutsche Alternative Asset Management (Global) Limited


document_description: This document provides important information for recipients in certain jurisdictions regarding the distribution and offering of interests in a fund managed by Ironsides Asset Management. It includes specific notices for residents of the European Economic Area, Australia, Bahrain, and Brazil, outlining legal and regulatory considerations for each jurisdiction.

key_locations:
European Economic Area
Australia
Bahrain
Brazil

document_subtype: notice

key_organizations:
Ironsides Asset Management
Credit Suisse Group
Credit Suisse AG
Central Bank of Bahrain
Brazilian Securities Commission


document_description: This document is a presentation by Ironsides Asset Management, providing important information for recipients in Hong Kong and Israel regarding investment offerings. It outlines the legal restrictions and conditions under which the investment products can be offered in these jurisdictions, emphasizing that the presentation is not an offer to sell or solicitation of an offer to buy any securities unlawfully. It also highlights the need for recipients to be 'Sophisticated Investors' and to seek competent investment counseling.

key_locations:
Hong Kong
Israel

document_subtype: presentation

key_organizations:
Ironsides Asset Management
Securities and Futures Ordinance
Companies Ordinance
Israel Securities Authority
Joint Investment Trusts Law
Tel-Aviv Stock Exchange
Glendower Capital


document_description: This document provides important information for recipients in various jurisdictions regarding the offering of interests in a fund by Ironsides Asset Management. It outlines specific conditions and disclaimers for recipients in Qatar, Saudi Arabia, Singapore, South Korea, and Switzerland, emphasizing the non-public nature of the offer and the need for independent investigation of risks. It also details the roles of representatives and paying agents in Switzerland.

key_locations:
Qatar
Saudi Arabia
Singapore
South Korea
Switzerland
Geneva

document_subtype: promotional document

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


document_description: This document is a presentation by Glendower Capital, providing important information for recipients in certain jurisdictions regarding investment in a fund. It outlines the legal and regulatory considerations for investors in St. Kitts and Nevis, UAE, and the USA, emphasizing that the presentation does not constitute an offer or solicitation in these regions. It also highlights the risks involved in investing and the lack of registration with regulatory authorities.

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

key_organizations: Financial Services Regulatory Commission


document_description: Authorization form for Deutsche Bank to provide information to iCapital Parties and manage fund investments for Glendower Access Secondary Opportunities IV (U.S.), L.P.

document_subtype: Authorization Form


document_description: A financial document related to Ironsides Asset Management with missing placement fee and initial capital contribution amount. It references a Deutsche Bank account number, which is also missing.

document_subtype: financial record

key_organizations:
Ironsides Asset Management
Deutsche Bank


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

title: Supplement to the Confidential Private Placement Memorandum

document_subtype: Private Placement Memorandum Supplement


document_description: This document is a supplement to the Confidential Private Placement Memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P., updating information regarding Deutsche Bank Securities Inc.'s role as Placement Agent and related compensation and fees. It clarifies that the Access Fund will invest in Glendower Capital Secondary Opportunities Fund IV, LP, and outlines disclosure permissions related to tax treatment and structure.

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

document_subtype: Supplement to Private Placement Memorandum


document_description: Amendment to the Summary of Principal Terms of the Access Fund, detailing the Servicing Fee arrangement with Deutsche Bank Securities Inc. as a Placement Agent. The Servicing Fee is calculated based on the aggregate Subscription of DB Introduced Persons to the Access Fund, with different rates applied during and after the investment period of the Underlying Fund.

document_subtype: placement agreement amendment

key_organizations:
Ironsides Asset Management
Deutsche Bank Securities Inc.


document_description: The document outlines the fee structure and potential conflicts of interest related to Deutsche Bank's role as a Placement Agent for Access Funds. It details the DB Placement Fee, Servicing Fee, and other fees associated with DB Introduced Persons and direct investors in the Underlying Fund. The document also discusses the potential conflicts of interest arising from these fees.

document_subtype: Investment Management Agreement

key_organizations:
Deutsche Bank
Ironsides Asset Management
Access Funds
Glendower GP


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

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

document_subtype: tax form


document_description: Instructions for completing Form W-9, including certification of TIN, backup withholding, and FATCA reporting. It provides definitions of U.S. persons, special rules for partnerships, and guidelines for nonresident aliens and foreign entities. It also outlines penalties for failure to furnish TIN and false information regarding withholding.

title: Form W-9 Instructions

document_subtype: tax form instructions


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

title: Form W-9 Instructions


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

title: Form W-9 Instructions

key_organizations: IRS SSA

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


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing the investment strategies, management fees, and assets under management as of December 31, 2017. It outlines the management fee structure, which ranges from 0.25% to 1.25% per annum, and provides a list of funds with their respective values as of September 30, 2017. The document also mentions the ownership structure of Institutional Capital Network, Inc., the parent company of iCapital, and identifies Michael Stanton as the Chief Compliance Officer.

title: iCapital Advisors, LLC Form ADV Part 2A

document_subtype: Form ADV Part 2A

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


document_description: The document outlines the management and investor servicing fees associated with iCapital Advisors, LLC. It details the management fee structure, investor servicing fees, payments to underlying managers, service providers, and organizational expenses. The document also mentions the engagement of Dynasty Securities, LLC as a service provider for certain funds.

title: iCapital Advisors, LLC Form ADV Part 2A

key_organizations:
iCapital Advisors, LLC
Dynasty Securities, LLC


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

title: iCapital Advisors, LLC Form ADV Part 2A


document_description: The document outlines iCapital Advisors, LLC's investment strategies, methods of analysis, and risk management for their Private Access Funds and Direct Investment Funds. It details the due diligence process for selecting fund managers and sub-advisers, emphasizing a bottom-up diligence approach. The process includes quantitative and qualitative assessments, market analysis, and comprehensive evaluations of fund managers' track records and strategies.

title: iCapital Advisors, LLC Form ADV Part 2A


document_description: The document outlines iCapital Advisors, LLC's due diligence process for evaluating investment opportunities, specifically focusing on internal rate of return, multiple on invested capital, and other financial metrics. It describes a five-stage selection process for hedge funds, involving market opportunity assessment, manager identification, initial diligence, deep dive diligence with Castle Hall Alternatives Inc., and final approval by the iCapital Investment Committee.

document_subtype: Investment Advisory Document

key_organizations:
iCapital Advisors, LLC
Castle Hall Alternatives Inc.


document_description: The document outlines the risks and conflicts of interest associated with investing in Private Access Funds through iCapital Advisors, LLC. It highlights potential issues such as lack of diversification, higher fees, and lack of information on valuations. It also discusses the structure and risks of Private Access Funds, including their dependence on Underlying Funds, potential for total investment loss, and additional expenses. The document emphasizes that iCapital is not the manager of the Underlying Fund and that investors may face risks from the fund's management. Indemnification clauses and the possibility of in-kind distributions are also covered.

title: iCapital Advisors, LLC Form ADV Part 2A

document_subtype: investment advisory document


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


document_description: The document is a Form ADV Part 2A from iCapital Advisors, LLC, discussing investment strategies and risks associated with various types of securities, including American Depositary Receipts (ADRs), European Depositary Receipts (EDRs), and Global Depositary Receipts (GDRs). It highlights the risks of investing in emerging markets and foreign currencies, emphasizing political, economic, and currency exchange risks.

key_locations:
Central and Eastern Europe
Asia
Latin America


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

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


document_description: The document discusses various risks associated with investment in securities, particularly focusing on small or medium-sized companies, liquidity of investments, convertible securities, and participation certificates. It highlights the potential for greater risk and price volatility in smaller companies, the challenges of illiquid investments, and the specific risks related to convertible securities and participation certificates.


document_description: The document discusses various financial risks associated with investment funds managed by iCapital Advisors, LLC. It covers the risks of derivatives, warrants, stock purchase rights, and debt securities, including high yield 'junk bonds'. The document highlights the speculative nature and potential volatility of these investments, as well as the risks of illiquidity and default.


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

title: iCapital Advisors, LLC Form ADV Part 2A


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing investment strategies, risks, and affiliations. It discusses the risks associated with investing in Real Estate Investment Trusts (REITs) and cybersecurity risks for private equity funds. It also provides information on iCapital's affiliations, including iCapital Securities, LLC, a registered broker-dealer, and Gen II Fund Services, LLC, a fund administrator. The document states that there have been no material legal or disciplinary events affecting iCapital's advisory business.

title: iCapital Advisors, LLC Form ADV Part 2A

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


document_description: The document is a Form ADV Part 2A for iCapital Advisors, LLC, discussing potential conflicts of interest, management fees, valuation estimates, educational programs, and privacy policy. It highlights conflicts of interest related to investment advisers, management fees for brokerage limited partners, and valuation of fund assets. It also mentions educational programs for financial advisers and iCapital's privacy policy regarding investor information.


document_description: This document outlines the brokerage practices, review of accounts, and client referrals and compensation policies of iCapital Advisors, LLC. It details the firm's approach to brokerage practices, including the selection of brokers and the use of 'soft dollar' credits. It also describes the review process for fund performance and the distribution of financial statements to investors. Additionally, it covers the role of iCapital Securities, LLC in private placements and the compensation structure for third-party broker-dealers.

key_organizations:
iCapital Advisors, LLC
iCapital Securities, LLC


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

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


document_description: This document is a Brochure Supplement for iCapital Advisors, LLC, providing information about key personnel and compliance contact details.

title: FORM ADV PART 2B: Brochure Supplement

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

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

document_subtype: Brochure Supplement


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

title: Form ADV Part 2B for Phil Pool

key_people:
Phil Pool
Michael Stanton

key_locations:
London
New York
Chicago

document_subtype: Form ADV Part 2B

key_organizations: Donaldson, Lufkin & Jenrette Securities Corporation


document_description: This document provides the educational background and business experience of John C. Robertshaw, a Special Advisor to iCapital Network and iCapital Securities, LLC. It outlines his previous roles at Credit Suisse and Salomon Brothers, his educational background, and confirms no disciplinary actions against him. It also details his supervision by Michael Stanton, iCapital's CCO.

title: Form ADV Part 2B for John C. Robertshaw

key_people:
John C. Robertshaw
Michael Stanton

key_organizations:
iCapital Advisors LLC
iCapital Network
Credit Suisse Securities (USA) LLC
Donaldson, Lufkin & Jenrette
Salomon Brothers


document_description: This document provides the educational background, business experience, and other relevant information about Nicholas Veronis, a member of iCapital Advisor's investment committee and Co-Founder of iCapital Network. It includes details about his previous roles, disciplinary information, other business activities, additional compensation, and supervision.

title: Form ADV Part 2B for Nicholas Veronis

key_people:
Nicholas Veronis
Michael Stanton

key_organizations:
iCapital Advisors LLC
iCapital Network
Veronis Suhler Stevenson
Atlas Advisors
The Boston Business Journal
The Star-Ledger
Newhouse Newspapers


document_description: This document is the table of contents for the Glendower Access Secondary Opportunities IV (U.S.), L.P. Amended and Restated Limited Partnership Agreement. It outlines the articles and sections related to the organization, powers, partners, investments, fees, expenses, and capital of the partnership.

document_subtype: Limited Partnership Agreement


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions on exculpation and indemnification, amendments, voting and consents, and administrative provisions such as keeping of accounts, financial reports, and tax provisions.

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


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes sections on tax reporting consistency, general provisions, power of attorney, execution of additional documents, limited partner information, and more. It also contains appendices on definitions and regulatory and tax allocations.

document_subtype: Amended and Restated Limited Partnership Agreement


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P., dated April 11, 2018. It outlines the continuation of the partnership under the Delaware Revised Uniform Limited Partnership Act, the withdrawal of the Initial Limited Partner, and the admission of additional Limited Partners.

key_organizations: Glendower Access Secondary Opportunities IV GP LLC


document_description: This document is an excerpt from a Limited Partnership Agreement, detailing the obligations and rights of Limited Partners in the event of death, dissolution, or bankruptcy, as well as the conditions for admitting additional Limited Partners before the final closing date. It specifies that Limited Partners cannot control the partnership or withdraw their contributions, and outlines the financial obligations of new or increasing Limited Partners.

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


document_description: The document outlines the management and control provisions of the partnership, including the rights and powers of the General Partner. It details the conditions under which confidential information may be released to governmental authorities and the General Partner's authority to amend the agreement to comply with anti-money laundering laws. The General Partner has exclusive management rights and can delegate management to the Investment Manager.

key_people:
General Partner
Limited Partner


document_description: The document outlines the terms under which the General Partner can utilize alternative investment vehicles for legal, tax, regulatory, accounting, or other reasons. It specifies the conditions under which Limited Partners may be required to make capital contributions to these vehicles and ensures that economic provisions are consistent with the main partnership agreement.


document_description: This document outlines the terms and conditions of the partnership agreement for Glendower Accetcc Secondary Opportunities IV (U.S.), L.P. It covers allocations, distributions, and the handling of taxes and expenses related to Alternative Investment Vehicles. It also addresses the status of defaulting partners and the economic terms of the investment vehicles. The agreement specifies that the partnership and investment vehicles are separate entities for tax purposes and details the conditions under which an Investment Subsidiary may be established.

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


document_description: The document outlines the terms and conditions of the partnership, including partnership expenses, parallel access funds, investment guidelines, borrowings, and ERISA compliance. It details the formation of parallel access funds or feeder funds to comply with securities laws and address tax, legal, or regulatory issues. It also covers investment guidelines, credit facilities, and efforts to comply with ERISA regulations.

title: Amended and Restated Limited Partnership Agreement


document_description: The document outlines the financial responsibilities and management fee structure for Limited Partners in a partnership. It specifies how tax-related expenses and management fees are allocated and calculated based on the subscription amounts of the Limited Partners. The document also details the management fee rates applicable during different periods of the partnership's lifecycle.


document_description: The document outlines the procedures and conditions for capital contributions by Limited Partners to the Partnership, including initial drawdowns, additional contributions, deficiency drawdowns, and the authority of the General Partner to manage these processes. It also covers the return of unused contributions and the General Partner's authority to reduce subscriptions.

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


document_description: The document outlines the terms related to capital contributions, returns, and adjustments for partners in the Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions for the return of contributions upon the admission of additional partners, the effect of such returns, and the consequences of failing to make required payments.


document_description: This document outlines the terms and conditions under which a Limited Partner may be designated as a 'Defaulting Partner' for failing to make required capital contributions or other payments. It details the remedies available to the Partnership, including specific performance, prohibition from future capital calls, and compulsory redemption of the Defaulting Partner's interest.


document_description: This document outlines the rights and remedies available to the General Partner in the event of a default by a Limited Partner. It includes provisions for limiting or eliminating the Defaulting Partner's rights, reallocating their interest, and enforcing penalties. The General Partner may exercise any remedy available under the limited partnership agreement of the Underlying Fund. The document emphasizes that the remedies are cumulative and that the Defaulting Partner remains obligated to make capital contributions.


document_description: The document outlines the provisions related to default scenarios in capital contributions by Limited Partners in the partnership. It details the consequences of an Access Fund Default, the rights and remedies of the General Partner, and the assignment of partner contributions as security for indebtedness.

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


document_description: This document outlines the operational rules and distribution policies for a partnership, including provisions for defaulting partners, special distributions, and tax liabilities. It specifies how distributions are treated for defaulting partners, the handling of special distributions of net income and gains, and the payment of taxes related to partnership allocations or distributions.

document_subtype: Partnership Agreement

key_organizations: Ole dower Accent Secondary Opportunities IV (U.S.). L.P.


document_description: The document outlines the tax liability responsibilities and indemnification obligations of partners in the partnership. It specifies how tax liabilities are determined and allocated among partners, and the conditions under which distributions are prohibited. It also details the creation and maintenance of capital accounts for each partner.


document_description: This document outlines the terms and conditions of the partnership, including its duration, dissolution procedures, and asset liquidation process. The partnership's term is tied to the dissolution of the Underlying Fund and can be extended by the General Partner. It details the conditions under which the partnership can be dissolved, either by withdrawal of the General Partner or by decision of the General Partner. Upon dissolution, the partnership's assets are to be liquidated in an orderly manner, with the General Partner or a designated liquidator managing the process.

key_people:
General Partner
Limited Partners


document_description: This document outlines the procedures for the liquidation of a partnership, including the distribution of assets, expenses of the liquidator, duration of liquidation, and liability for returns. It also details limitations on transfers and withdrawals of limited partnership interests.

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


document_description: This document outlines the conditions under which a Limited Partner's interest in the Partnership can be transferred. It specifies the need for the General Partner's consent for any transfer, restrictions on public trading of partnership interests, and the non-recognition of certain transfers unless they meet specific criteria. It also details the required representations by parties involved in a transfer.

key_organizations: Otendoner Accent Secondary Opportunities IV (U.S.), L.P.


document_description: This document outlines the conditions and restrictions related to the transfer of interests in the partnership, including compliance with Section 1446 of the Code and other legal considerations to avoid prohibited transactions under ERISA or the Code. It specifies the liabilities of transferring partners and transferees, and the conditions under which the General Partner may withhold consent for transfers.


document_description: The document outlines the terms and conditions related to the transfer of interests, multiple ownership, withdrawal rights, and removal of limited partners in the partnership. It specifies the conditions under which transfers are considered non-compliant, the handling of multiple ownership, and the circumstances under which a limited partner can be removed.


document_description: The document outlines the exculpation and indemnification clauses of the Glendower Access Secondary Opportunities IV (U.S.), L.P. Amended and Restated Limited Partnership Agreement. It specifies the conditions under which Covered Persons are not liable for losses suffered by the Partnership or any Partner, provided they acted in good faith and without gross negligence or willful misconduct. It also details the responsibilities and liabilities of the General Partner and other Covered Persons.


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 indemnification provisions for Covered Persons and other related parties. The agreement specifies conditions under which indemnification is provided, limitations on indemnification, and the possibility of advance payment of expenses. It also details the responsibilities of the Indemnitee in case of indemnification from third parties.


document_description: This document outlines the indemnification provisions for the Partnership, including insurance, successors, and rights to indemnification from other sources. It specifies the conditions under which the Partnership may purchase insurance for Indemnitees and the priority of indemnity obligations when multiple sources are available.


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: The document outlines the procedures for obtaining consents and approvals under the Advisers Act, voting and consents among Limited Partners, and administrative provisions for keeping accounts and records. It specifies the rights of Limited Partners to receive certain documents and the discretion of the General Partner to withhold information deemed confidential.


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 responsibilities of the General Partner regarding the filing of the Certificate of Limited Partnership, the preparation and distribution of annual financial statements and tax information, and the provision of quarterly reports to Limited Partners. It also notes the limitations on information rights for Limited Partners compared to direct limited partners of the Underlying Fund.


document_description: This document outlines the amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions regarding the designation of the General Partner as the 'partnership representative' under Section 6223(a) of the Code, the responsibilities of the Partners in relation to tax compliance, and the financial obligations of the Partners concerning imputed underpayments and related tax matters. The agreement also addresses the provision of information by Partners to comply with tax laws and the waiver of non-U.S. laws that could hinder reporting to U.S. authorities.


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 obligations of Limited Partners to provide information for compliance with FATCA and other tax regulations. It also details the consequences of non-compliance, including potential transfer or withdrawal from the partnership and indemnification of the partnership for any losses incurred. Additionally, it addresses the non-requirement of Section 1045 rollovers and related tax reporting obligations.


document_description: This document outlines the terms and conditions of the partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions related to tax basis adjustments, electing investment partnership status, and tax reporting consistency. Limited Partners are required to comply with specific tax code sections and provide necessary information for tax reporting and basis adjustments. The General Partner is granted power of attorney to execute necessary documents.


document_description: This document outlines the powers and responsibilities of the General Partner and Limited Partners in the Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions for the dissolution and termination of the Partnership, execution of additional documents, and information disclosure requirements for Limited Partners.


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: This document outlines the confidentiality obligations of Limited Partners regarding Partnership Information, which is considered a valuable trade secret. It specifies the conditions under which such information can be disclosed, including to professional advisors or as required by law, and the procedures to follow if disclosure is compelled by a court or governmental authority.

document_subtype: confidential agreement


document_description: This document is an amended and ratified limited partnership agreement for Glendoner Accent 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 in case of breach and specifies that certain provisions survive partner withdrawal.


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 securities law. The agreement also specifies that it can be signed in counterparts and constitutes the entire agreement between the parties, superseding 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 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 Initial Limited Partner withdrawing.

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

key_people:
Thomas Fortin
Michael Stanton


document_description: This document outlines definitions and terms related to the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions for terms such as Business Day, Capital Account, Carrying Value, Code, Contribution, Covered Company Partner, Covered Company Person, Covered Company Person Ownership Percentage, Covered Person, Credit Facility, and Default Rate.


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 definitions and terms related to the partnership, including the roles of the General Partner, Limited Partners, and Investment Manager. It also defines Freely Tradable Securities and conditions under which they can be distributed or sold.

key_people:
Glenn Warren
Michael Stanton


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines definitions and terms related to the partnership, including organizational expenses, partner interests, and partnership minimum gain. It also specifies the roles and responsibilities of partners and the general partner.

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


document_description: This document outlines the terms and definitions related to the partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions for terms such as Person, Placement Agent, Plan Assets Regulation, Prime Rate, Regulatory Allocations, Restricted Person, and others. It also references specific sections of the agreement for detailed explanations of terms like Regulatory Allocations, Side Letter, Tax Liability, and Tax Matters Partner.


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 financial obligations, third-party indemnifiers, transfer regulations, and the underlying fund, which is Glendower Capital Secondary Opportunities IV, LP.

key_locations:
United States
District of Columbia
European Union

key_organizations: United States Department of the Treasury


document_description: This document is an appendix to a partnership agreement, detailing regulatory and tax allocations to comply with Treasury Regulation Section 1.704-1(b)(2)(iv). It includes provisions for minimum gain chargeback, nonrecourse deductions, limits on loss and deduction allocations, qualified income offset, and gross income allocation. Adjustments for changes in partner interests are also addressed.

title: Appendix II - Regulatory and Tax Allocations

document_subtype: Partnership Agreement Appendix


document_description: The document outlines special allocations to reflect economic interests among partners, tax allocations, and modifications to allocations as advised by tax advisors. It references Sections 706(d) and 704(c) of the Code.

title: Glendower Access Secondary Opportunities IV (U.S.), L.P. II-2


document_description: This document is a 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


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 fund aims to invest in Glendower Capital Secondary Opportunities Fund IV, LP. The memorandum includes details about the investment structure, legal disclaimers, and regulatory compliance.

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

key_locations: Delaware U.S. England


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 Glendower and related entities are not responsible for the organization or management of the Access Fund and have not participated in the preparation of this memorandum.

key_locations: United Kingdom of Great Britain and Northern Ireland

document_subtype: investment memorandum

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


document_description: This memorandum discusses the indirect interests in funds managed by Glendower, the rights and limitations of the Access Fund and its Limited Partners, and the potential risks and uncertainties associated with investing in the Underlying Fund. It includes forward-looking statements and emphasizes the importance of investors conducting their own examination of the Access Fund.

document_subtype: memorandum

key_organizations:
Glendower
Access Fund
Underlying Fund
General Partner
Investment Manager


document_description: This document is a Memorandum for prospective investors in the Access Fund. It provides a summary of the Partnership Agreement, Subscription Agreement, and other related documents. It advises investors to consult their own advisors for legal, tax, regulatory, financial, and accounting advice. The Memorandum is not a prospectus and does not contain all necessary information for an investment decision. It outlines the rights and obligations of investors and the terms of the offering, which can be modified by the General Partner. The document also includes a disclaimer about the use of the information for tax purposes and encourages investors to seek independent tax advice.

document_subtype: Memorandum

key_organizations:
Access Fund
General Partner
Investment Manager
Underlying Fund
Glendower
Placement Agents


document_description: This document is a confidential memorandum related to the offer and sale of Interests in a fund. It outlines the minimum subscription amount, legal restrictions on distribution, and confidentiality obligations of the recipient.

key_organizations:
Glendower
Underlying Fund
Access Fund
Institutional Capital Network, Inc.


document_description: This document is an investment memorandum for the Access Fund, outlining the terms and conditions of the offering. It emphasizes that investors must rely on their own examination of the fund and the offering terms, as no U.S. federal or state securities commission has recommended the interests. The memorandum supersedes any prior offering literature and restricts the transferability and resale of interests. It also requires investors to certify the beneficial ownership of interests to ensure compliance with the Employee Retirement Income Security Act of 1974.

key_organizations:
Access Fund
Glendower


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 commodity interest positions and investor qualifications.

document_subtype: exemption notice


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

document_subtype: legal notice

key_organizations: CFTC NFA


document_description: This document is a table of contents for the Glendower Capital Secondary Opportunities Fund IV, LP, including sections on introduction, summary of principal terms, risk factors, and tax considerations.

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

document_subtype: Table of Contents


document_description: Glendower Access Secondary Opportunities IV (U.S.), L.P., a Delaware limited partnership, is formed to invest in Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund. The fund aims to generate attractive risk-adjusted returns through diverse investments in the secondary market, including buyouts, venture capital, and real estate. The memorandum advises prospective investors to review the Underlying Fund's Private Placement Memorandum for risk factors and conflicts of interest.

key_locations: Delaware England


document_description: This document is an investment memorandum for the Access Fund, detailing the management fee, investment management agreement, and the purpose of the Access Fund. The Access Fund aims to invest in Glendower Capital Secondary Opportunities Fund IV, LP, with a focus on generating risk-adjusted returns through various investment strategies. The memorandum outlines the discretion of the General Partner in managing subscriptions and investments.


document_description: The document outlines the offering of limited partner interests in the Access Fund, a private placement for certain U.S. investors. It details the types of investors suitable for the fund, tax considerations, and minimum subscription requirements. The Access Fund is designed for U.S. taxable investors and U.S. tax-exempt investors willing to receive unrelated business taxable income (UBTI). The minimum capital commitment for the Access Fund is $250,000, while the minimum for the Underlying Fund is $5,000,000.

document_subtype: Investment Offering

key_organizations:
Access Fund
Underlying Fund
Glendower GP


document_description: The document outlines the procedures and conditions for initial and subsequent closings of the Access Fund, including capital contributions, interest rates, and management fees for Limited Partners.

document_subtype: memo

key_organizations:
Access Fund
Glendower GP


document_description: The document outlines the investment strategy and terms for the Access Fund's investment in the Underlying Fund. It details the process for additional investments at subsequent closings, potential dilution of existing investors' interests, and the formation of parallel access and feeder funds. The term of the Access Fund is expected to end within one year following the dissolution of the Underlying Fund, with possible extensions.

document_subtype: Investment Fund Document


document_description: The document outlines the structure and terms of investment for Glendower Access Secondary Opportunities IV (International), L.P., an offshore access fund for qualified U.S. Tax-Exempt Investors and Non-U.S. Investors. It details the capital call process, penalties for non-compliance, and the formation of parallel or feeder funds under the U.S. Investment Company Act.

document_subtype: investment fund document


document_description: The document outlines the consequences of a Limited Partner's failure to provide necessary information or make capital contributions as required by the Partnership Agreement. It details the potential remedies the Underlying Fund may impose on the Access Fund in case of default, including forfeiture of interest. The document also describes the process for handling defaults, including the bifurcated default process where the Access Fund is treated as a 'Defaulting Partner' only for the defaulted portion. It allows the General Partner to treat Limited Partners as separate entities for equitable determination of rights and obligations.

key_organizations:
Access Fund
Underlying Fund
Glendower
General Partner
Investment Manager


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, the maintenance of capital accounts, and the allocation of organizational and offering expenses. It also specifies the expenses that 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:
Access Fund
Feeder Fund
General Partner
Investment Manager


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

document_subtype: financial report

key_organizations:
Access Fund
Underlying Fund
General Partner
Investment Manager


document_description: The document outlines the financial responsibilities of Limited Partners in relation to the operating expenses of the General Partner and the Access Fund. It details how expenses are allocated between the Access Fund and any Feeder Funds, and describes the management fee structure for Limited Partners.

document_subtype: Investment Fund Agreement

key_organizations:
General Partner
Access Fund
Feeder Fund
Investment Manager
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 explains the payment process to the Investment Manager and the role of Placement Agents.

document_subtype: Investment Management Agreement

key_organizations:
Access Fund
Underlying Fund
Investment Manager
Placement Agents
Glendower GP


document_description: The document outlines the role of Raymond James & Associates, Inc. and other placement agents in the Access Fund's investment process. It details the placement fees applicable to Limited Partners, the marketing and fund servicing fees, and the management fee structure for the Underlying Fund managed by Glendower. The document also mentions the conditions under which investors might consider direct investment in the Underlying Fund.

document_subtype: Investment Document

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


document_description: The document outlines the terms related to carried interest distributions, indemnification, and withdrawal/transfer of interests for the Glendower GP and Access Fund. It specifies the carried interest distribution of 12.5% of net profits subject to an 8% preferred return, indemnification obligations, and conditions for withdrawal and transfer of interests by Limited Partners.

key_organizations:
Glendower GP
Access Fund


document_description: The document outlines the financial reporting and tax implications for Limited Partners of the Access Fund. It details the provision of audited financial statements, IRS Schedule K-1, and quarterly reports to Limited Partners. It also discusses the U.S. federal income tax treatment of the Access Fund as a partnership and the implications for U.S. Tax-Exempt Investors, including the expectation of receiving UBTI and the need for tax return filings.

document_subtype: financial statement

key_organizations:
Access Fund
U.S. Internal Revenue Service


document_description: This document outlines certain ERISA considerations for prospective investors in the Access Fund, including compliance with ERISA provisions and limitations on benefit plan investors. It also discusses the potential for Limited Partners to return distributions in case of indemnification liabilities and the procedures for amending the Partnership Agreement.

key_organizations:
Access Fund
General Partner


document_description: The document outlines amendments to a Partnership Agreement, detailing conditions under which amendments can be made without adversely affecting Limited Partners. It also discusses the voting rights of the Access Fund and borrowing provisions for the Access Fund.

document_subtype: Partnership Agreement Amendment

key_organizations:
Access Fund
General Partner
Investment Manager
Underlying Fund


document_description: The document outlines the roles and responsibilities of various parties involved in the Access Fund, including the General Partner, Limited Partners, legal counsel, auditor, administrator, and custodian. It specifies the conditions under which the General Partner may share information with other 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:
Glendower GP
Cleary Gottlieb Steen & Hamilton LLP
Maples and Calder
KPMG


document_description: The document outlines certain risk factors and potential conflicts of interest associated with investing in the Access Fund. It highlights business and market risks, including economic and political changes, and the role of placement agents like Raymond James, who may have conflicts of interest due to compensation arrangements.

document_subtype: investment risk disclosure

key_organizations:
Access Fund
Underlying Fund
Raymond James
Glendower


document_description: The document discusses the risks and obligations associated with investing in the Access Fund, including indemnification obligations, potential in-kind distributions, and capital contributions. It also covers co-investment opportunities and compensation arrangements involving iCapital Securities, LLC.

document_subtype: investment memorandum

key_organizations:
Access Fund
Underlying Fund
General Partner
Investment Manager
iCapital Securities, LLC
Glendower GP


document_description: The document discusses the roles and potential conflicts of interest involving the General Partner, Investment Manager, and their affiliates in managing investment funds and accounts. It highlights the use of registered investment advisers or Placement Agents for marketing, potential conflicts due to similar investment strategies in Managed Accounts, and the valuation challenges of illiquid investments in the Access Fund.

key_organizations:
General Partner
Investment Manager
iCapital Network
Glendower
Access Fund
Underlying Fund


document_description: The document discusses various agreements and arrangements involving the Investment Manager, Fidelity, and the Access Fund. It highlights potential conflicts of interest due to compensation arrangements with Fidelity, educational programs for financial advisers, and penalties for defaulting on capital contributions. It also addresses ERISA considerations and potential implications for the Access Fund.

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