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

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


source: doj

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

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

document_type: legal

document_subtype: Private Placement Memorandum

key_organizations:
Glendower Capital
Valuation Committee


document_description: This document outlines the legal and tax considerations for investors in the Glendower Capital Secondary Opportunities Fund IV, LP, a private fund limited partnership governed by English law. It details the jurisdictional agreements, investor obligations, collateral and asset reuse arrangements, leverage limits, and periodic disclosure requirements under the AIFMD.

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

key_locations: England Wales


document_description: The document discusses the legal considerations related to the offering of interests in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights that the interests will not be registered under the Securities Act of 1933 or any other securities laws and will be sold to accredited investors. It also details past legal issues involving Credit Suisse and Raymond James related to auction rate securities.

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

key_locations:
New York
Puerto Rico
Virgin Islands
District of Columbia

document_subtype: Securities Law Matters


document_description: This document outlines the legal considerations for Glendower Capital Secondary Opportunities Fund IV, LP, including compliance with the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the U.S. Investment Advisers Act of 1940. It details the requirements for SEC filings, exemptions from registration, and restrictions on offers and sales of interests to ensure compliance with U.S. securities laws.

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

document_subtype: Confidential Private Placement Memorandum


document_description: This document discusses the legal and regulatory considerations for Glendower Capital Secondary Opportunities Fund IV, LP, particularly focusing on exemptions from registration with the U.S. Commodity Futures Trading Commission (CFTC) and ERISA considerations for fiduciaries of employee benefit plans. It outlines the conditions under which the fund is exempt from CFTC registration and the fiduciary duties under ERISA that must be considered when investing in the fund.

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

document_subtype: Legal Memorandum

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


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


document_description: The document outlines tax considerations and legal implications for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the potential tax liabilities and adjustments that may arise from audits, the treatment of dividends and passive foreign investment companies (PFICs), and the implications of investing in controlled foreign corporations (CFCs). It also covers the restrictions on the deductibility of expenses and other losses for U.S. investors.


document_description: This document is a section from the Glendower Capital Secondary Opportunities Fund IV, LP's Confidential Private Placement Memorandum. It discusses ERISA and tax considerations for investors, including organizational expenses, investment interest expense limitations, qualified business income deductions, and tax implications for ERISA plans, tax-exempt limited partners, and non-U.S. investors. The document outlines potential tax liabilities such as unrelated business taxable income (UBTI) and effectively connected income (ECI) for different types of investors.


document_description: This document outlines the legal, ERISA, and tax considerations for non-U.S. investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the implications of engaging in U.S. trade or business, the tax rates applicable to non-U.S. investors, and the potential for U.S. federal withholding tax. It also covers the branch profits tax for non-U.S. corporate investors and the possibility of using a blocker structure for investment. Additionally, it addresses reporting requirements for U.S. investors, including forms 8865, 926, and 8938, and the potential for reportable transactions under U.S. federal tax rules.


document_description: This section of the memorandum discusses the legal, ERISA, and tax considerations for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights potential penalties for non-compliance with tax laws, the complexity of UK tax considerations, and the responsibilities of investors regarding tax reporting and liabilities. The fund is structured as an English limited partnership for tax purposes, and investors are advised to consult with tax advisers.

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

key_locations:
United States
United Kingdom


document_description: This document outlines the tax considerations for UK resident investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the requirements for investors to obtain a Unique Taxpayer Reference (UTR) from HM Revenue & Customs and the implications for income and capital gains taxation. The document also covers the tax treatment of dividends, interest income, and capital gains for UK resident investors, including potential tax credits and exemptions.

document_subtype: tax considerations


document_description: This section of the memorandum discusses the tax implications for investors in the Glendower Capital Secondary Opportunities Fund IV, LP, particularly in relation to offshore fund rules, UK resident individuals and companies, non-UK resident investors, and inheritance tax. It outlines how different types of investors may be taxed on income and gains, and the potential for inheritance tax on limited partnership interests.

title: Cedar Legal. ERISA and Tax Considerations


document_description: This document outlines the tax compliance obligations under FATCA and other international disclosure regimes for the Glendower Capital Secondary Opportunities Fund IV, LP. It details the withholding tax implications, compliance requirements under the UK FATCA Legislation, and the Common Reporting Standard. Investors are required to provide necessary documentation to comply with these regimes, and non-compliance may result in adverse consequences.

title: Glendower Capital Secondary Opportunities Fund IV, LP - FATCA and Other International Disclosure Regimes

key_locations:
United Kingdom
United States


document_description: This section discusses the tax implications and considerations for investors in the Glendower Capital Secondary Opportunities Fund N. LP, including withholding taxes and the potential for foreign tax credits or deductions. It also highlights the different tax consequences for investments made through alternative investment vehicles and advises investors to consult their tax advisers.

title: Certain Legal, ERISA and Tax Considerations


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

document_type: other


document_description: Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).

document_type: financial


document_description: This document is a notice to investors regarding the distribution of a Memorandum and the offer and sale of Interests in certain jurisdictions, highlighting legal restrictions and compliance requirements. It includes specific notices for residents of the European Economic Area, Denmark, Finland, and Germany.

document_type: correspondence

key_locations: Denmark Finland Germany

document_subtype: notice

key_organizations: Glendower Capital Secondary Opportunities Fund IV, LP


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

key_locations:
The Netherlands
Sweden
United Kingdom
Australia
Bahrain


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

key_locations:
Brazil
Brunei Darussalam
Canada
Cayman Islands
Chile
China
Colombia

key_organizations: Securities and Insurance Supervisory Authority of Chile


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP, governed by Colombian law. It outlines the legal and regulatory framework for offering interests in the fund to fewer than one hundred specifically identified investors in Colombia, ensuring compliance with Colombian securities laws. The memorandum also addresses the offering's status in the Dubai International Financial Centre, noting that the fund is not regulated by the DIFC or DFSA. It emphasizes the need for prospective investors to conduct due diligence and consult financial advisors if necessary.

key_locations: Colombia Dubai

key_organizations: Financial Supervisory Authority of Colombia


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal and regulatory considerations for offering interests in various jurisdictions including Guernsey, Haiti, Hong Kong, Israel, and Japan. The memorandum specifies that it is not approved by financial authorities in these regions and is intended for professional investors only. It emphasizes that the document is for informational purposes and not financial advice, and highlights the restrictions on transferability and resale of interests.

key_locations:
Guernsey
Haiti
Hong Kong
Israel
Japan

key_organizations: Securities and Futures Commission in Hong Kong


document_description: This document is a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal restrictions and conditions for the solicitation and sale of interests in the fund in Japan, Kuwait, and Mexico. The memorandum specifies the types of investors eligible to purchase interests, the legal exemptions applicable, and the risks involved in the investment. It also includes distribution details in Japan by Credit Suisse Securities (Japan) Limited.

key_locations: Japan Kuwait Mexico

key_organizations: Mexican Banking and Securities Commission


document_description: This document is a Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal considerations and restrictions for offering and selling interests in various jurisdictions including Mexico, Monaco, New Zealand, and Oman. The document specifies that the offering must comply with local securities laws and regulations, and it is intended for sophisticated investors only. It also includes disclaimers about the language and legal advice.

key_locations:
Mexico
Monaco
New Zealand
Oman

reference_numbers:
Royal Decree 4/74
Royal Decree 80/98
Decision No. 1/2009
Article 139 (f)


document_description: This document is a Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal and regulatory considerations for offering investment interests in various jurisdictions including Peru, Qatar, Saudi Arabia, Singapore, and South Korea. The memorandum specifies that the interests are not registered in these jurisdictions and are offered to institutional investors only, with specific legal disclaimers and restrictions on distribution.

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

key_organizations: Qatar Financial Centre Regulatory Authority


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

key_locations:
Switzerland
Taiwan
United Arab Emirates
United States of America

key_organizations: Central Bank of the United Arab Emirates

key_organizations: UAE Securities and Commodities Authority


document_description: The document is a Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines that the Interests are not registered under the Securities Act or any state or international securities laws and are offered only to qualifying recipients under specific exemptions. The document emphasizes the lack of obligation to register the Interests and the absence of a public market for them, highlighting the financial risks involved for investors.


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

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

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

document_subtype: Privacy Notice

key_organizations:
Glendower Capital LLP
Gen II Fund Services LLC
Aztec Financial Services (UK) Limited
Lloyds Bank plc
Debevoise & Plimpton LLP


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

key_locations: 16 Berkeley Street, London, W1J 80Z, United Kingdom

key_organizations:
Glendower Capital LLP
UK Information Commissioner's Office


document_description: The document outlines the anti-money laundering (AML) policies and procedures for Glendower Capital Secondary Opportunities Fund IV, LP. It details the responsibilities of the Manager to prevent the fund from being used for money laundering or illicit purposes, including verification of investor identities and compliance with economic sanction regulations.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Anti-Money Laundering Considerations

key_locations: UK UN EU U.S.

document_subtype: Anti-Money Laundering Policy

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


document_description: This document is an appendix from the Glendower Capital Secondary Opportunities Fund IV, LP, detailing key definitions related to the fund's operations and legal considerations.

title: Appendix 4 Key Definitions

document_type: tabular

document_subtype: Appendix

key_organizations: U.S. Commodity Futures Trading Commission


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

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


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

key_locations:
Cayman Islands
England

key_organizations:
Glendower Capital
Glendower Capital SOF IV (GP) Limited


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

key_locations:
Cayman Islands
Scotland
England


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

key_locations:
United States of America
United Kingdom

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


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

title: Glendower Capital Secondary Opportunities Fund N. LP - Important Performance Information

key_organizations:
Glendower Capital
SOF Funds


document_description: The document provides performance information for the SOF Funds and Other PE Funds, prepared by Deutsche Alternative Asset Management (Global) Limited. It includes details on the investment performance, NAV, and projected returns as of June 30, 2017. The information is intended for recipients to understand the investment and operational experience of the SOF Team, with a disclaimer on the potential for significant variance in actual results due to various factors.

title: Glendower Capital Secondary Opportunities Fund IV, LP


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

title: Appendix 6 Directory

document_subtype: Directory


document_description: Proposed board of directors for the General Partner of Glendower Capital Secondary Opportunities Fund IV, LP, including detailed biographies of Alan Turner, Andrew Johnson, Kirsten Le Pape, and Vanessa Barrett.

key_people:
Alan Turner
Andrew Johnson
Kirsten Le Pape
Vanessa Barrett

key_locations:
Cayman Islands
Bermuda
Ireland
UK
USA
London
San Francisco
Bermuda
University College Cork (Ireland)

document_subtype: Board of Directors Proposal


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 the global placement agent, Credit Suisse Asset Management Limited.

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

key_locations:
New York, NY, USA
London, UK

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


document_description: The document describes a visual composition featuring a large right triangle divided into three adjacent triangular regions by two slanted interior lines. The left region is a small white triangle, the middle region is a long narrow black triangle, and the right region is a large light gray triangle. The slanted line between the black and gray regions has a thin white outline. The document is marked as confidential under Federal Rule of Criminal Procedure 6(e).


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 Placement Fees and Servicing Fees, for soliciting clients to invest in Glendower Access Secondary Opportunities IV funds.

title: Disclosure Statement for Deutsche Bank Securities Inc.

document_subtype: Disclosure Statement


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

key_organizations:
Access Fund
Glendower GP
Glendower Capital, LLC
Solicitation Agent
iCapital


document_description: A confidential document related to legal proceedings, marked pursuant to Federal Rule of Criminal Procedure 6(e).

document_subtype: confidential document


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

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

document_subtype: Limited Partner Subscription Agreement


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

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

document_subtype: instructions


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

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

key_organizations: Glendower Access Secondary Opportunities IV GP LLC


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

document_subtype: Investment Agreement

key_organizations:
Partnership
General Partner
Underlying Fund


document_description: This document outlines the terms and conditions for an investor purchasing an interest in a partnership. It includes representations and warranties by the investor, restrictions on transfer and resale, and the investor's status as an accredited investor and U.S. tax person. The document also highlights the risks associated with the investment and the lack of a public market for the interest.


document_description: The document outlines the representations and warranties made by an investor in a partnership, including their status as a qualified purchaser under the Investment Company Act. It details the investor's acknowledgment of the partnership's non-registration as an investment company, the conflicts of interest involved, and additional risk factors associated with the investment. The investor consents to potential conflicts of interest and waives liability claims. The document also highlights restrictions on transferability and the limited marketability of interests in the partnership.

key_organizations:
Partnership
General Partner
Investment Manager
Underlying Fund


document_description: This document outlines the terms and conditions for an investor's capital contribution to a partnership. It includes clauses on full contribution, liquidity needs, investment objectives, securities laws, and regulatory matters related to the Commodity Exchange Act. The investor acknowledges understanding the risks and legal requirements associated with the investment.

key_organizations: U.S. Commodity Futures Trading Commission (CFTC)


document_description: This document outlines the terms and conditions for an investor, who may be a corporation, trust, partnership, limited liability company, or other entity, in relation to a partnership. It includes clauses ensuring compliance with the Securities Exchange Act of 1934, the provision of additional documents if required, and the handling of any disqualifying events under Rule 506 of the Securities Act. It also covers the investor's power and authority, due execution, and binding nature of the agreement.

document_subtype: investment agreement

key_organizations:
Securities Exchange Act of 1934
Partnership
General Partner


document_description: This document outlines the terms and conditions of an investment agreement involving an investor and a partnership. It includes clauses on the enforceability of the agreement, the investor's knowledge and experience, tax considerations, and the status of the partnership as a publicly traded entity. The investor acknowledges the potential for changes in laws affecting tax benefits and confirms compliance with U.S. Treasury Regulations to avoid corporate income tax treatment.

document_subtype: Partnership Agreement


document_description: This document outlines the terms and conditions related to the partnership interests and legal representations for investors in a partnership. It specifies the tax status of the partnership, restrictions on transferring interests, and clarifies that certain law firms represent the partnership but not the individual investors. It also includes a privacy notice regarding the handling of financial information.

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


document_description: This document outlines the terms and conditions for an investor's purchase of an interest in a partnership. It includes clauses on nominees and custodians, the final form of the agreement, restrictions on general solicitation, and compliance with sanctions and anti-money laundering laws.

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

key_organizations: Her Majesty's Treasury of the United Kingdom


document_description: The document outlines compliance requirements for investors, prohibiting involvement with sanctioned parties, non-cooperative jurisdictions, senior foreign political figures, and foreign shell banks. It specifies that no cash or property contributed to the partnership should originate from these prohibited sources.

document_subtype: legal compliance document

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


document_description: The document outlines the legal obligations and representations of an investor in a partnership, focusing on compliance with anti-money laundering laws and sanctions. It specifies that the investor's funds must not be derived from illegal activities and that the investor must comply with U.S. and UK laws. The investor must also ensure that no sanctioned parties have an interest in their investment and that their contributions do not violate anti-money laundering laws. The document also requires the investor to inform the General Partner of any inaccuracies in their representations and to provide additional information if needed.

key_locations:
United States
UK

document_subtype: Subscription Agreement

key_organizations:
Partnership
General Partner


document_description: This document outlines the confidentiality obligations of an investor in a partnership, including the handling of Non-Public Information and conditions under which such information can be disclosed. It also addresses the investor's obligations under the Freedom of Information Act (FOIA) and similar laws.

document_subtype: confidentiality agreement


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


document_description: The document outlines the terms of a Partnership Agreement, emphasizing compliance with governing laws and the responsibilities of the General Partner and Investor. It clarifies that the General Partner has discretion over investment decisions and that neither the General Partner nor iCapital Securities, LLC provides investment advice. The Investor Fiduciary is responsible for independent judgment regarding investment decisions. The document also highlights the importance of understanding the Partnership's governing documents and the associated risks and conflicts of interest.


document_description: This document outlines the terms and conditions of an investment management agreement involving an Investor and an Investor Fiduciary. It details the responsibilities and acknowledgments of the Investor Fiduciary, including understanding the risks, fees, and conflicts of interest associated with the investment in the Partnership. The document also specifies that the Investor Fiduciary is not affiliated with any entity receiving compensation from the Partnership and confirms that no fees are paid to iCapital or its affiliates for investment advice. Additionally, it ensures that the execution of the agreement does not violate any legal or organizational statutes governing the Investor.


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


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

key_organizations:
Department of Labor
ERISA


document_description: This document outlines the terms and conditions for the closing and capital contributions related to the sale and purchase of an interest in a partnership. It includes agreements with other limited partners, representations and warranties of the partnership and the general partner, and details on governmental and regulatory approvals.

key_organizations:
Partnership
General Partner
Investment Manager
U.S. Securities and Exchange Commission


document_description: This document is a section of a subscription agreement related to a partnership, detailing the power of attorney granted to Glendower Access Secondary Opportunities IV GP LLC and iCapital Advisors, LLC. It outlines the responsibilities and authorities of the attorneys, the irrevocability of the power of attorney, and conditions under which it survives. It also covers expenses, amendments, and the potential reduction or rejection of the subscription.


document_description: This document is an investment agreement outlining the terms and conditions for an investor's participation in a partnership. It includes representations and warranties by the investor, requirements for additional information, indemnity clauses, and conditions related to financial advisor accounts.

key_organizations:
Partnership
General Partner
Investment Manager
Underlying Fund Manager


document_description: The document outlines the obligations of an investor in a partnership, including providing necessary tax forms and information for compliance with FATCA and CRS regulations. It also details the investor's consent to receive Schedule K-1 electronically and the consequences of not consenting.

key_organizations:
IRS
U.S. Treasury


document_description: This document outlines the terms and conditions of a partnership agreement, including the process for investors to withdraw consent, update contact information, and confirm consent electronically. It also specifies the requirements for accessing and printing Schedule K-1, the binding nature of the agreement, jurisdiction, and the prohibition of punitive or consequential damages.

key_locations:
New York
Delaware


document_description: This document is a fee acknowledgement form related to a private placement investment. It includes sections for acknowledging receipt of a supplement to the Private Placement Memorandum, an upfront placement fee, and an investor signature page. The document is intended for the investor to acknowledge fees and agree to terms as a Limited Partner in the Partnership.

document_subtype: Fee Acknowledgement


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. The form requires personal or entity information such as type, address, and tax identification number, but all fields are currently empty.

document_subtype: investment form


document_description: A form related to an individual named Lawrence Hirsch with fields for employment status, tax year end, employer, FOIA Partner status, and occupation. All fields are empty.

document_subtype: form


document_description: This document is a signature page for the General Partner of Glendower Access Secondary Opportunities IV GP LLC, accepting a subscription for an interest amount in the partnership. The net amount of interest is unspecified.

title: General Partner Signature Page


document_description: Wire instructions for initial capital contribution and distributions for an investment partnership. Includes fields for beneficiary bank details and source of funds.

document_subtype: wire instructions


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

document_subtype: investment communication


document_description: A confidential document with multiple empty fields for names, relationships, emails, and phone numbers. It is marked as proprietary and confidential, and is subject to Federal Rule of Criminal Procedure 6(e).


document_description: This document is an investor status representation form for individuals, detailing the net worth, income levels for 2016 and 2017, and investment ownership of the investor. It includes checkboxes for different financial thresholds.

title: Investor Status Representation

document_subtype: Investor Status Form


document_description: This document is an investment questionnaire for 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 includes questions about the percentage of assets from such plans and whether the investor is subject to other laws that could affect the partnership's assets.

document_subtype: investment questionnaire

key_organizations: Employee Retirement Income Security Act of 1974 (ERISA)


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

title: Accredited Investor Status for Entities

document_subtype: Accredited Investor Status Form

key_organizations:
U.S. Securities Exchange Act
Investment Company Act
Small Business Investment Act
Investment Advisers Act


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 that is a bank, savings and loan association, insurance company, or registered investment adviser.

document_subtype: investment document


document_description: This document outlines the criteria for an investor to be considered a 'qualified purchaser' under the Investment Company Act. It includes specific conditions under which entities such as companies, partnerships, or trusts can qualify based on their investment holdings and structure. The document is intended for entities and not individual investors.

title: Exhibit D - Investment Company Act Representations

document_subtype: Investment Company Act Representations


document_description: This document is an investment questionnaire for an investor, Lawrence Hirsch, regarding their status and compliance with the Investment Company Act. It includes questions about the investor's structure, ownership, and purpose related to acquiring interests in a partnership.


document_description: This document is an investment questionnaire for an investor named Lawrence Hirsch. It includes questions about the investor's asset allocation, ultimate beneficiaries, and whether the investor or its beneficiaries are publicly traded or regulated entities. The document also includes a chart for providing additional information if any of the questions are answered affirmatively.


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

title: Plan Investor Representations

document_subtype: Investor Representation Agreement


document_description: This document is an investment agreement related to a Plan Investor's involvement in a partnership. It includes representations and warranties by the Investor regarding their decision-making process and compliance with applicable laws.

key_organizations:
General Partner
Administrator
iCapital


document_description: This document is a privacy notice from Institutional Capital Network, Inc. and its affiliates, iCapital Advisors, LLC and iCapital Securities, LLC, regarding the collection and disclosure of nonpublic personal information of investors. It outlines the types of information collected, the entities it may be disclosed to, and the measures taken to protect this information.

title: NOTICE REGARDING PRIVACY OF FINANCIAL INFORMATION

document_subtype: Privacy Notice

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


document_description: This document outlines the terms and conditions for the Glendower Access Secondary Opportunities Fund IV (U.S.), L.P., including its investment strategy, structure, fees, and reporting requirements. The Access Fund will invest substantially all of its investable assets into the Underlying Fund, Glendower Capital Secondary Opportunities Fund IV LP. The document details the minimum commitment, fund term, capital calls, management fees, and carried interest for both the Access Fund and the Underlying Fund.

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

key_locations: Delaware England

document_subtype: Investment Fund Terms

key_organizations: Glendower Access Secondary Opportunities IV GP LLC


document_description: The document provides notes on the investment structure and fees associated with Glendower Access Secondary Opportunities IV (U.S.), L.P. It discusses the fees, expenses, and performance compensation of the Underlying Fund and Access Fund, the final admission date, and the management fee split. It also highlights the risks and considerations for prospective investors, emphasizing the importance of the Offering Memorandum for detailed information.

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

document_date: unknown

document_subtype: notes


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 losses, lack of liquidity, and other risks associated with alternative investments. The document also clarifies the relationship between investors, the Access Fund, and the Underlying Fund, emphasizing that investors in the Access Fund will not have direct interests or voting rights in the Underlying Fund.

document_subtype: investment information


document_description: The document outlines the offering for Glendower Capital Secondary Opportunities Fund IV, LP, a private equity secondary fund. It details the fund's strategy, performance metrics, and key terms. The fund aims to raise US$1.75 billion and has a strong track record with a mature program at 1.7x TVPI and >20% Net IRR. The document is intended for accredited investors and qualified purchasers only.

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 distinctive investment strategy focusing on Fund Secondaries, GP-led Secondaries, and Single Asset Deals, primarily in the US and Europe. The strategy involves an opportunistic barbell approach, adjusting to market cycles. The document details the team's experience and approach to portfolio construction.

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

key_locations:
US
Europe
London
New York

document_subtype: investment strategy document

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


document_description: The document provides detailed information about the Glendower Capital Secondary Opportunities Fund IV, LP (SOF IV), including its formation, performance, and investment strategies. It includes endnotes explaining various aspects of the fund's performance, investment strategies, and key definitions related to the fund's operations. The document also references past performance data of related funds and provides a comparison against industry benchmarks.


document_description: This document is a confidential presentation by Glendower Capital, LLP, intended for a limited number of sophisticated individuals to provide summary information about existing and future funds managed by Glendower, specifically the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the confidentiality obligations of recipients, the non-binding nature of the presentation, and the risks associated with investing in the fund. The presentation also discusses potential conflicts of interest and the role of Credit Suisse as the fund's placement agent.


document_description: This document is an investment presentation for Glendower Capital SOF IV, L.P., providing information on forward-looking statements, investment performance, and track record. It includes disclaimers about the reliability of projections, the independence of Glendower from Deutsche Bank, and the responsibilities of prospective investors. The document emphasizes the high risks and lack of liquidity associated with the fund, suitable only for sophisticated investors. It also details the historical performance of the SOF Funds, including the transition from Deutsche Bank to Glendower Capital.


document_description: This document contains legal disclaimers and notices regarding the distribution and offering of investment presentations in various jurisdictions, including the EEA, UK, Australia, Bahrain, Brazil, Brunei, Canada, Chile, and China. It outlines the legal requirements and restrictions for distributing the presentation and offering investment interests in these regions.


document_description: This document contains legal disclaimers for the distribution of marketing material related to Glendower Capital SOF IV, L.P. in various countries, including Colombia, France, Guernsey, Haiti, Hong Kong, Israel, and Japan. It outlines the legal restrictions and requirements for offering financial products in these jurisdictions, emphasizing that the material does not constitute a public offer and is intended for specific qualified investors.


document_description: This document contains legal disclaimers for the distribution and offering of securities by Glendower Capital SOF IV, L.P. in various jurisdictions including Malaysia, Mexico, Monaco, New Zealand, Oman, Qatar, Saudi Arabia, Singapore, South Korea, and Switzerland. It outlines the legal restrictions and requirements for offering securities in these regions, emphasizing that the document does not constitute an offer or invitation to purchase securities in these jurisdictions.


document_description: This document contains legal disclaimers for Glendower Capital SOF IV, L.P., addressing potential investors in St. Kitts and Nevis, UAE/Abu Dhabi/Dubai, and the United States. It clarifies that the presentation does not constitute an offer or solicitation in these regions and highlights the lack of registration with local regulatory authorities. It emphasizes the risks involved in investing, including the potential loss of the entire investment, and the restrictions on transferability and resale of interests.


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.


document_description: This document is a presentation for informational and discussion purposes regarding investment opportunities in Glendower Capital Secondary Opportunities Fund IV, LP and Glendower Access Secondary Opportunities IV (U.S.), L.P. It emphasizes that the presentation is not legal, tax, or investment advice and highlights the risks and conditions associated with investing in these funds. The document stresses the importance of consulting the Offering Memorandum for detailed information and risk factors. It also notes that past performance is not indicative of future results and that investments may involve a high degree of risk, including potential loss of capital.


document_description: The document provides important information about the Access Fund, highlighting that historical returns do not include fees and expenses, which would lower net returns. It discusses the illustrative nature of benchmarks and financial indices, emphasizing the speculative and high-risk nature of alternative investments. The document outlines potential risks, including loss of investment, lack of liquidity, volatility, and complex tax structures. It clarifies that purchasers of interests in the Access Fund will not have direct interests or voting rights in the Underlying Fund. The document also mentions the role of iCapital Advisors, LLC as an investment adviser registered with the SEC.


document_description: This document provides a summary of key terms for the Access Fund, specifically comparing it to the Underlying Fund, Glendower Capital Secondary Opportunities Fund IV, LP. It includes details on fund names, general partners, investment managers, structure, strategy, minimum commitment, target size, fund term, capital calls, investment period, administrators, legal counsel, reporting, placement fees, management fees, carried interest, and subsequent closing fees.


document_description: The document outlines key terms for investors in the Access Fund, highlighting fees, expenses, and performance compensation associated with both the Access Fund and the Underlying Fund. It details the final admission date, placement fee waivers, management fee distribution, and investment options for large subscriptions. DBSI's role as a placement agent and fee recipient is also noted.


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


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 to evaluate potential investment opportunities. The presentation emphasizes confidentiality, the non-reliance on past performance as indicative of future results, and the necessity for recipients to consult their own advisors. It is not an offer to sell or a solicitation to purchase any interests.


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


document_description: The document provides an analysis of the secondary private equity market, highlighting a strong market with a deal volume of US$58 billion in 2017. It discusses stable but differentiated pricing, the growth of GP-led deals, and the steady supply of tail-end funds. The analysis notes that secondary pricing was steady at 93% of NAV in 2017, with increasing price dispersion between high and low-quality GPs/funds. GP-led deals are evolving, representing 24% of the market, and there is a lack of NAV growth resulting in moderate trading discounts.


document_description: This document is a confidential financial report related to Glendower Capital, detailing their investment strategy, secondary market updates, and key terms for their Secondary Opportunities Fund IV. It includes updates on SOF III and IV.


document_description: Glendower Capital is launching its Secondary Opportunities Fund IV (SOF IV), seeking $1.75 billion in commitments. The fund aims to continue its successful value-investing strategy, focusing on secondary private equity markets globally, with a primary focus on the US and Europe. The fund targets a range of transactions including traditional fund secondaries, GP-led transactions, and single asset deals. It has already secured $1.3 billion in commitments and plans further closings in 2018.


document_description: Glendower Capital is an investment team active in the secondary market since 2003. The team spun off from Deutsche Bank in 2017 to form an independent partnership. The senior team has worked together for 15 years, managing US$3 billion in client assets with offices in London and New York. The team consists of 23 members, expected to grow to 28+ by the second half of 2018, with 16 investment professionals averaging 12 years of experience. They have invested in over 350 fund interests across 90 deals and have developed integrated operational processes over 10 years.


document_description: This document provides an overview of the core members of the Glendower Capital senior team, highlighting their years of experience, previous affiliations, and educational backgrounds. The team has been working together for 15 years and includes members based in London and New York.


document_description: The document provides a financial performance overview of various SOF funds managed by Glendower Capital as of September 30, 2017. It includes details on fund vintages, sizes, transaction numbers, gross and net multiples, IRR, and net distributed values. The performance figures are based on unaudited results and are presented in a tabular format. The document also notes the conversion of Euro-denominated funds to USD and mentions the Davinci Portfolio's diversified investment strategy.


document_description: The document compares the performance of SOF Funds against Cambridge Associates' secondary funds from 2004 to 2014. It includes a bar chart depicting net multiples to paid-in capital, comparing Index DPI and RVPI to SOF funds DPI and RVPI. The document provides metrics such as Net IRR, DPI, RVPI, and TVPI, and discusses quartile rankings based on Cambridge Associates' benchmark statistics as of September 30, 2017.


document_description: The document provides a performance analysis of SOF Funds, comparing them to the Cambridge Associates buyout top-quartile benchmark. It highlights the Total Value to Paid-In Capital (TVPI) and Distributions to Paid-In Capital (DPI) metrics, showing that SOF Funds deliver buyout-like returns with a secondary risk profile. The document includes a chart plotting Net Internal Rate of Return (IRR) against Vintage Year, with data points for SOF, SOF II, SOF D, and SOF III. The performance is based on unaudited results as of September 30, 2017.


document_description: The document presents a performance comparison of the SOF Funds against major public market indices as of September 30, 2017. It includes a table showing the Glendower Net IRR for various SOF Funds compared to MSCI World, Russell 2000, and Thomson Reuters indices. The document emphasizes that past performance is not indicative of future results and provides a methodology for calculating PMEs using the Long Nickels method.


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


document_description: This document contains information about Glendower Capital's investment strategies, updates on secondary markets, and specific fund updates. It includes key terms for the Glendower Capital Secondary Opportunities Fund IV and an appendix.


document_description: The document discusses the positioning of SOF Funds as a mid-sized value investor, situated between large levered beta players and small local funds. It includes a chart showing secondary funds raised or in fundraising from 1996 to 2018, with fund sizes categorized as <$1bn, $1-3bn, and >$3bn. Glendower Capital is highlighted in the chart, which also segments the market into regions L, M, S based on fund sizes. The analysis is based on Glendower Capital's own market segmentation and intelligence, using data from the Pregin database as of November 2017.


document_description: The document outlines Glendower Capital's investment strategy using a disciplined barbell approach, adjusting deal types relative to market cycles. It includes a detailed description of fund secondaries, GP-led secondaries, and single asset deals, along with their respective IRR and MOIC metrics. The document also provides market estimates and performance data for various funds managed by Glendower Capital.


document_description: The document discusses the evolution and attractiveness of GP-led transactions, highlighting Glendower Capital's active role since 2007. It outlines the advantages of GP-led opportunities over traditional LP interest acquisitions, including accretive strategies, in-depth due diligence, bespoke fund design, and limited leverage use. Performance figures as of September 30, 2017, are mentioned, emphasizing the importance of reviewing them with additional notes and disclaimers.


document_description: The document outlines Glendower Capital's rigorous sourcing and deal selection process, emphasizing a wide funnel and narrow filter approach. It highlights the firm's extensive industry network, proactive top-down approach, and significant experience in GP-led and single asset deals. The document also details the firm's disciplined underwriting process, unique GP-restructuring experience, and substantial transaction history.


document_description: The document provides illustrative case studies of Fund Secondaries transactions by Glendower Capital. It includes details on various projects/funds, deal sizes, discounts, regions, sellers, and descriptions of the transactions. The case studies highlight proprietary deals, liquidity solutions, and globally diversified portfolios managed by prominent firms such as CD&R, Apollo, Carlyle, KKR, and others.


document_description: The document provides illustrative case studies of GP-led transactions and single asset deals by Glendower Capital. It includes details on various projects/funds, deal sizes, regions, sellers, and descriptions of the transactions. The table highlights the motivations of sellers, the structure of deals, and the assets involved.


document_description: This document is a confidential financial report related to Glendower Capital, covering topics such as investment strategy, secondary market updates, and key terms for the Secondary Opportunities Fund IV.


document_description: The document provides an analysis of secondary market volumes from 2006 to 2018, highlighting that the market is evolving with GP-led transactions now representing 25% of the volume. The forecast for 2018 is over $60 billion, with historical data from 2006 to 2017 provided for context. The analysis is based on Glendower Capital's estimates and other sources.


document_description: The document discusses the growth of the secondary market driven by the global private equity (PE) market. It highlights the increase in total PE assets to US$2.8 trillion and the annual secondary volumes as a percentage of total PE assets from 2007 to 2017. The document includes a table showing the percentage of total PE assets for each year and a chart indicating an upward trend in these percentages. The data sources include the 2018 Preqin Global Private Equity & Venture Capital Report and other industry reports.


document_description: The document provides an analysis of the secondary market pricing of private equity fund interests from 2005 to 2017. It highlights stable pricing driven by rational participants, with average pricing at 93% of NAV in 2017. The document includes a table showing secondary market volume and pricing over the years, segmented into 'Bubble', 'Crisis', and 'Normalized' periods.


document_description: The document provides an analysis of the secondary market capitalization, highlighting a balanced supply of secondary capital. It includes data on dry powder and annual deal volume, with estimates from Glendower Capital. The document is marked as strictly confidential and is related to financial estimates and trends in the secondary market.


document_description: The document provides an analysis of unrealized private equity (PE) value in pre-crisis vintages, amounting to US$600 billion. It includes a breakdown of seller composition and a table of unrealized PE value by year, highlighting the impact of the financial crisis. The seller composition is diverse, with public pensions, general partners, and asset managers being the largest groups.


document_description: The document discusses the growing role of GP-led transactions in the secondary market, which now account for 20-25% of the market. It highlights key entities involved in these transactions and provides chart data on the growth of GP-led secondaries from 2006 to 2017, with a compound annual growth rate of 18%.


document_description: The document is a confidential report related to Glendower Capital, covering topics such as investment strategy, secondary market updates, and key terms for the Secondary Opportunities Fund IV.


document_description: The document provides a financial overview of the SOF Ill Portfolio as of September 30, 2017, including gross invested capital breakdown, investment strategy, sector composition, and asset geography. It includes detailed tables on fund size, capital called, distributions, remaining NAV, total net return, and sector allocations.


document_description: The document lists 28 General Partners (GPs) representing approximately 90% of SOF III's current exposure based on Fair Market Value as of September 30, 2017. It categorizes the GPs into various investment types such as Buyout, Real Estate, and Growth Equity.


document_description: The document outlines the near-term investment pipeline for SOF IV as of March 31, 2018. It includes various projects with details such as project code, deal type, region, stage, sourcing, deal size, and SOF IV investment. The projects span across different regions including North America, EMEA, APAC, and Global, and involve different types of deals such as GP-led, single fund, and funds portfolio. The document is marked as strictly confidential and is intended for discussion purposes only, with no guarantee of investment completion.


document_description: This document outlines the investment details for Project Sunrise, led by Glendower Capital. It is a GP-led secondary deal expected to close in April 2018, involving alternative funds. The investment focuses on mid-market buyouts in the US consumer industry, with a portfolio including franchisees of dining and fitness brands. The transaction involves five companies with a strategy to leverage Glendower's expertise in complex transactions. The investment rationale highlights a strong GP track record, attractive entry valuation, and conservative capital structure.


document_description: The document outlines an exclusive GP-led secondary deal for Project Klein, expected to close in June 2018. The deal involves a mid-market buyout strategy in Europe/UK, focusing on business and healthcare services. Key investment data includes an invested capital of €60-100m, a discount to NAV of over 5%, and a gross multiple of 1.1x. The portfolio consists of four companies, including a UK premium distributor and a network of medical and cosmetics clinics. Glendower Capital aims to leverage its track record in complex transactions and long-standing relationships to deliver a bespoke solution.


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.


document_description: The document outlines the key terms for the Glendower Capital Secondary Opportunities Fund IV, LP, including its structure, target size, investment period, term, minimum commitment, team commitment, general partner share, carried interest, hurdle rate, and clawback provisions. It also advises reading the confidential private placement memorandum for full disclosure of risk factors and other considerations.


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


document_description: This document is a confidential report related to Glendower Capital, covering topics such as investment strategy, secondary market updates, and key terms for the Secondary Opportunities Fund IV.


document_description: The document provides biographies of key team members at Glendower Capital, including their roles, previous experience, and educational background. The team includes Carlo Pir210-Biroli, Charles Smith, Adam Graev, and Chi Cheung, all of whom have extensive experience in the financial sector, particularly with Deutsche Bank.


document_description: The document provides biographies of key team members at Glendower Capital, detailing their roles, previous experience, and educational background. It includes information about Deirdre Davies, Joshua Glaser, Emilio Olmos, and Francesco Rigamonti, highlighting their responsibilities and career history in the finance and investment sectors.


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


document_description: The document provides biographies of team members at Glendower Capital, detailing their roles, previous experience, and educational background. The team members include Victoria Loidl, Elena Smirnova, Jonathan Roome, and Douglas O'Connell, all of whom have experience in secondary investments and have worked at institutions like Deutsche Bank and HSBC.


document_description: The document provides biographies of team members at Glendower Capital, detailing their roles, previous experience, and educational background. It includes information on Rafael Enriquez-Hesles, Sheldon Lee, Katherine Weaver, and Louise Schoeman, highlighting their contributions to the transaction team and finance operations.


document_description: The document provides key information about SOF III, including its first and final closing date, fund size, and investor base details. It includes tables showing the distribution of investors by region, type, and size of individual commitments.


document_description: The document provides a detailed summary of transactions related to 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. The document also notes that the performance figures are based on unaudited fair values and emphasizes that past performance is not indicative of future results.


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


document_description: The document provides a detailed summary of various financial transactions related to SOF II as of September 30, 2017. It includes information on project names, sourcing, seller types, deal types, funds, companies involved, invested and funded capital, initial closing dates, gross multiples, and portfolio details. The summary covers multiple projects with different financial institutions, corporate entities, and family offices, highlighting the invested and funded capital along with the performance metrics such as gross multiples.


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


document_description: The document provides a detailed summary of various financial transactions 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 report also includes notes on the performance figures, currency conversion rates, and specific details about Hoover transactions.


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


document_description: This document is a financial presentation by Glendower Capital, providing important information about a fund's past performance, investment strategies, and associated risks. It emphasizes that past performance is not indicative of future results and outlines the potential risks and uncertainties involved in investing in the fund. The presentation includes disclaimers about the reliability of forward-looking statements and the responsibility of Glendower and its affiliates. It also notes that the presentation does not constitute legal or investment advice and that the distribution of the presentation may be restricted by law in certain jurisdictions.


document_description: This document provides key definitions related to investment terms and fund structures, specifically focusing on private equity investments and secondary opportunities. It defines terms such as 'Single Asset Deal', 'Fund Secondary', 'GP-led Secondary', and various fund names and indices. The document is marked as confidential and is related to Glendower Capital.


document_description: The document provides important information on the track record of the Glendower SOF Team, which spun off from Deutsche Bank on August 1, 2017, to form Glendower Capital LLP. It discusses the investment performance and track record of the SOF Funds, including details on key team members and their roles. The document also explains the calculation of investment returns, including Gross IRR and Net IRR, and the impact of subscription line facilities on these calculations. It outlines the methodology for valuations of unrealized investments and the assumptions involved. Additionally, it discusses target returns and the factors influencing them, emphasizing that they are hypothetical and not guaranteed.


document_description: This document provides important information for recipients in certain jurisdictions regarding the distribution and offering of interests in an EU Alternative Investment Fund (AIF) managed by an EU AIFM. It outlines the conditions under which the presentation and related materials can be distributed to professional investors in the European Economic Area (EEA), Australia, Bahrain, and Brazil. The document emphasizes compliance with local laws and regulations, and clarifies that it does not constitute investment advice or a public offering.


document_description: This document provides important legal information for recipients in various jurisdictions regarding the distribution and use of a presentation by Glendower Capital. It specifies restrictions and legal requirements for recipients in Brunei, Canada, Cayman Islands, Chile, China, Colombia, France, Guernsey, and Haiti. The document emphasizes that the presentation is for informational purposes only and does not constitute an offer or invitation to the public in these jurisdictions.


document_description: This document provides important legal information regarding the offering and sale of interests or securities in Hong Kong and Israel. It specifies the legal restrictions and conditions under which these financial products can be offered, sold, or distributed in these jurisdictions, emphasizing compliance with local securities laws and regulations. The document is intended for sophisticated investors and outlines the criteria for such investors in Israel, including financial thresholds and investment experience.


document_description: This document provides important legal information for recipients in specific jurisdictions, including Japan, Malaysia, Mexico, Monaco, New Zealand, and the Sultanate of Oman. It outlines the legal restrictions and conditions under which financial products and securities can be offered or sold in these regions, emphasizing compliance with local laws and regulations.


document_description: This document provides important information for potential investors in certain jurisdictions regarding the offering of interests in a fund. It outlines specific conditions and disclaimers for investors in Qatar, Saudi Arabia, Singapore, South Korea, and Switzerland. The document emphasizes that the fund is not registered with local authorities in these jurisdictions and highlights the risks associated with private equity investments.


document_description: This document provides legal disclaimers and information regarding the offering of interests in a fund by Glendower Capital to investors in St. Kitts and Nevis, the UAE, and the USA. It outlines the lack of registration and approval by regulatory authorities in these jurisdictions and emphasizes the risks involved in the investment.


document_description: This document is a supplemental disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas, acting as a solicitation agent for a fund. It outlines the nature of the information provided, the risks associated with the securities described, and the lack of guarantees or insurance by Deutsche Bank or any governmental agency. It also clarifies that Deutsche Bank does not provide accounting, tax, or legal advice and authorizes the disclosure of the transaction's structure and tax aspects.


document_description: This document is a Letter of Authorization for Fund Investment related to a subscription for an interest in an alternative investment fund managed by iCapital Advisors, LLC and offered by Deutsche Bank Securities Inc. It outlines the information required from the client, whether a natural person or a corporate structure/trust, for verification purposes. The letter seeks the client's consent to share this information with iCapital Parties and emphasizes Deutsche Bank's commitment to protecting personal information.


document_description: This document is an authorization form for an investment in the Glendower Access Secondary Opportunities IV (U.S.), L.P. fund. The undersigned authorizes Deutsche Bank to share their information with iCapital Parties for identity verification and to transfer funds from their Deutsche Bank account for capital contributions to the fund. The document outlines that fund interests will not be held at Deutsche Bank and that account statements will be sent directly by iCapital Parties. The authorization remains valid until revoked in writing.


document_description: The document contains confidential information related to Lawrence Hirsch, including placeholders for financial details such as placement fee, initial capital contribution amount, and Deutsche Bank account number. It is marked as confidential under Federal Rule of Criminal Procedure 6(e).


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.


document_description: This document is a supplement to the Confidential Private Placement Memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P., intended to update information regarding Deutsche Bank Securities Inc.'s role as Placement Agent and related compensation. It modifies the original Memorandum where inconsistent, particularly concerning the Access Fund's investment in Glendower Capital Secondary Opportunities Fund IV, LP.


document_description: The document amends the 'Summary of Principal Terms of the Access Fund' by detailing the Servicing Fee arrangement with Deutsche Bank Securities Inc. Deutsche Bank will act as a Placement Agent for the Access Fund, and the Investment Manager will pay a Servicing Fee to Deutsche Bank for each client introduced by them. The fee structure varies based on the client's subscription amount and the investment period of the Underlying Fund.


document_description: The document outlines the placement fee structure for Deutsche Bank (DB) in relation to the Access Fund. It specifies the DB Placement Fee rates based on investment levels and details the arrangement for direct investor placement fees. Additionally, it highlights certain risk factors and potential conflicts of interest for DB Introduced Persons.


document_description: The document details amendments to a Memorandum regarding regulatory matters, specifically settlements reached by DBSI with various regulatory bodies. The settlements relate to investigations into research analyst independence and the sale of auction rate securities.


document_description: This document provides instructions for completing Form W-9, which is used to certify a taxpayer's identification number (TIN) and exemption from backup withholding. It outlines the definition of a U.S. person, special rules for partnerships, and the implications of backup withholding and FATCA reporting. It also details penalties for failing to provide correct information and the need to update information if circumstances change.


document_description: This document provides instructions for completing Form W-9, which is used to provide taxpayer identification information. It includes details on criminal penalties for falsifying information, misuse of TINs, and specific instructions for filling out lines 1 to 4 of the form. It also lists exemptions from backup withholding and FATCA reporting.


document_description: This document provides instructions for completing Form W-9, including information on exempt payees, FATCA exemption codes, and how to obtain a Taxpayer Identification Number (TIN). It also outlines the types of payments exempt from backup withholding and provides guidance on entering addresses and TINs on the form.


document_description: This document provides instructions for completing Form W-9, which is used to provide a correct Taxpayer Identification Number (TIN) to the requester. It outlines the requirements for signing the certification for various types of accounts and transactions, such as interest, dividend, broker, barter exchange accounts, real estate transactions, and other payments. It also includes a table specifying the name and TIN to provide for different types of accounts. Additionally, it offers guidance on protecting tax records from identity theft and phishing schemes.


document_description: The document provides information on IRS communication policies, specifically stating that the IRS does not initiate contact with taxpayers via email or request sensitive information through email. It advises on actions to take if receiving suspicious emails claiming to be from the IRS, including reporting to the Treasury Inspector General for Tax Administration and the Federal Trade Commission. The document also includes a Privacy Act Notice explaining the requirement to provide a correct Taxpayer Identification Number (TIN) and the potential disclosure of this information to various entities for legal and administrative purposes.


document_description: The document outlines the new business initiatives for Deutsche Bank's Wealth Management Americas as of December 2018. It highlights the need for more experienced supervisory resources, especially in the 2nd line of defense, and addresses risks associated with the Latin American business, including complex structures and potential money laundering. The report includes statistics on new hires, client accounts, and temporary waivers, as well as details on client acceptance forums and complex structures. It also discusses cross-border training and the strategic approach for Latin America.


document_description: The memorandum addresses reputational risks associated with a proposed credit facility of up to $500MM to finance the acquisition of a 60% stake in the Carolina Panthers NFL Franchise by Ben Navarro. It highlights past legal settlements involving Sherman Financial Group and Resurgent Capital, and outlines mitigating factors and business rationale for proceeding with the transaction.


document_description: This document is a Know Your Customer (KYC) report for Chris Zuech's relationship with Deutsche Bank's Private Wealth Management (PWM). It includes details about the relationship, account ownership, individual and legal entity details, and risk assessments. The document outlines the introduction of the client, account purposes, expected asset flows, and related parties. It also includes compliance checks, risk ratings, and case comments.


document_description: The document outlines the organizational structure and ownership percentages of various companies under the OPUS FUTURUS FOUNDATION, FERBEL GROUP OF COMPANIES SLU, and related entities. It includes information about companies in Panama, Spain, Singapore, France, Peru, Bolivia, Colombia, and Hong Kong.


document_description: This document is a Know Your Customer (KYC) report for the Belmont relationship managed by Deutsche Bank's Private Wealth Management (PWM) division. It includes detailed information about the relationship, account ownership, and legal entities involved. The document outlines the structure and purpose of various entities, such as Aromatiss S.A.S, Opus Futurus Foundation, and others, and provides a wealth profile for individuals like Juan Fernando Belmont Anderson and his family. The report highlights the complex structure of the relationship, the high-risk factors due to political exposure, and the financial activities of the entities involved. It also includes compliance checks and approvals from various bank officials.


document_description: The document provides details about a new account opening for Patronato Benefico Oriental of the United States, a non-profit organization. The account is considered high risk due to its location in the Dominican Republic and the involvement of third-party donations. The relationship is justified as part of the Fanjul relationship, which is significant for DB.


document_description: This document is the Amended and Restated Limited Liability Company Agreement for Long Term Insured Credit Fund, LLC, a Cayman Islands limited liability company. It outlines the terms for the management and operation of the Fund, including the roles and responsibilities of the Manager and Members, capital commitments, distributions, and the winding up of the Fund. The agreement also includes provisions on confidentiality, amendments, and regulatory compliance.


document_description: The document is a weekly onboarding tracker for Deutsche Bank Wealth Management, detailing the onboarding pipeline and high priority cases for the week ending February 15, 2019. It includes tables with client names, dates started, target due dates, ages, pending contacts, and issues/comments for both WM and CIB divisions.


document_description: The document provides an overview of the USDTRY currency pair, highlighting Deutsche Bank's perspective on potential relief rallies for the Turkish Lira (TRY) despite challenges such as high inflation and dependence on foreign inflows. It includes forecasts for USDTRY exchange rates, market analysis, and insights into carry, volatility, and skew dynamics. The document is intended for institutional investors and not for retail distribution.


document_description: This document provides metadata information about an image file named pic20839.gif. It includes details such as MIME type, color depth, color space, compression type, format version, dimensions, and other technical specifications.


document_description: This is metadata for a GIF image file named pic09303.gif. It includes details about the image's format, dimensions, color properties, and attachment information.


document_description: This document is the Form ADV Part 2A for iCapital Advisors, LLC, providing information about the firm's qualifications, business practices, and updates for 2018. It includes details on advisory services, fees, investment strategies, risk factors, and affiliations. The document also outlines the firm's compliance with regulatory requirements and its code of ethics.


document_description: This document is an alert from Deutsche Bank Private Bank regarding the entity SEAPRIDE, associated with Neptune, LLC. The vessel SEAPRIDE appears on the OFAC SDN list and is associated with the former vessel flags of Malta and Tuvalu. The alert is based on information from the Treasury Department's OFAC Specially Designated Nationals List as of 09/26/2013.


document_description: This document provides detailed information about the Glendower Access Secondary Opportunities IV (U.S.), L.P. and the Glendower Capital Secondary Opportunities Fund IV, L.P. It outlines the structure, strategy, fees, and terms of both the Access Fund and the Underlying Fund. The Access Fund is structured as a Delaware Limited Partnership and invests substantially all of its assets into the Underlying Fund, which is an English Private Fund Limited Partnership. The document also includes information on management fees, carried interest, and the investment strategy focused on private equity assets in the secondary market globally. It emphasizes the confidentiality of the information and the risks associated with the investment.


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 provides updates and modifications to the original memorandum, specifically for investors referred by Deutsche Bank Securities Inc. The supplement outlines the roles of Deutsche Bank as a Placement Agent, the associated fees, and changes to the summary of principal terms of the Access Fund. It also addresses certain regulatory matters and potential conflicts of interest related to Deutsche Bank's involvement.


document_description: This document is the Form ADV Part 2A for iCapital Advisors, LLC, providing information about the firm's qualifications, business practices, and updates for 2018. It includes details on advisory services, fees, investment strategies, risk factors, and conflicts of interest. The document also outlines the firm's relationships with affiliated entities and service providers, and provides information on the firm's compliance with regulatory requirements.


document_description: This document outlines the disclosure statement and subscription agreement for investing in Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes details about the roles of Deutsche Bank Securities Inc. as the Solicitation Agent, Glendower Access, and iCapital Advisors, LLC. The document describes the compensation structure for the Solicitation Agent, including placement and servicing fees, and outlines the subscription process for potential investors. It also includes representations and warranties required from investors, details about the investment structure, and legal disclaimers related to conflicts of interest and regulatory compliance.


document_description: The document provides detailed information about the Glendower Access Secondary Opportunities Fund IV (U.S.), L.P., which invests in the Glendower Capital Secondary Opportunities Fund IV, L.P. It outlines the terms and conditions of the Access Fund, including its structure, strategy, fees, and reporting requirements. The document also discusses the Underlying Fund's strategy, management, and performance metrics. It emphasizes the confidentiality of the information and the risks associated with investing in the fund.


document_description: This document is a letter of authorization for Henry Nicholas to invest in the Glenlower Access Secondary Opportunities IV (U.S.), L.P. fund, managed by iCapital Advisors, LLC and offered by Deutsche Bank Securities Inc. The letter outlines the information required from the client, including personal identification and financial details, and authorizes Deutsche Bank to share this information with iCapital Parties. It also authorizes Deutsche Bank to transfer funds from the client's account for capital contributions and to receive information about the client's fund investment.


document_description: This document is a confidential investment presentation for Glendower Access Secondary Opportunities IV (U.S.), L.P., a private equity fund focused on secondary market investments. It outlines the fund's structure, investment strategy, key terms, and performance data. The presentation emphasizes the risks associated with private equity investments, including limited liquidity, high fees, and potential conflicts of interest. It also provides detailed information on the fund's management team, historical performance, and market analysis.


document_description: This document is the Form ADV Part 2A for iCapital Advisors, LLC, providing information about the firm's advisory business, fees, and compensation, as well as its methods of analysis, investment strategies, and risks. It includes details about the firm's affiliations, code of ethics, and other financial industry activities. The document also outlines the firm's privacy policy, brokerage practices, and client referral arrangements.


document_description: This document is a disclosure statement and subscription agreement for investing in Glendower Access Secondary Opportunities IV (U.S.), L.P., a Delaware limited partnership. It outlines the terms and conditions for investment, including the roles of Deutsche Bank Securities Inc. as the Solicitation Agent, Glendower Access Secondary Opportunities IV GP LLC, and iCapital Advisors, LLC. The document details the compensation structure for the Solicitation Agent, including placement and servicing fees, and the potential conflicts of interest arising from these arrangements. It also includes extensive representations and warranties required from investors, including their status as accredited investors, compliance with ERISA, and other regulatory requirements. The document emphasizes the confidentiality of information and the legal obligations of the parties involved.


document_description: The document provides detailed information about the Glendower Access Secondary Opportunities Fund IV (U.S.), L.P. and the Glendower Capital Secondary Opportunities Fund IV, L.P. It outlines the structure, strategy, fees, and terms of both the Access Fund and the Underlying Fund. The Access Fund is structured as a Delaware Limited Partnership and invests substantially all of its assets into the Underlying Fund, which is an English Private Fund Limited Partnership. The document also includes information on management fees, capital calls, reporting, and placement fees. It emphasizes the confidentiality of the information and the risks associated with investing in these funds.


document_description: This document provides an overview of the Glendower Access Secondary Opportunities IV (U.S.), L.P., a private equity fund focused on secondary market investments. It includes detailed information on the fund's structure, investment strategy, key terms, and performance data. The document emphasizes the high-risk nature of the investment, potential conflicts of interest, and the importance of reviewing the Private Placement Memorandum before investing. It also outlines the fund's management team, historical performance, and market analysis.


document_description: This document is a letter of authorization from Pacific Life Insurance Co regarding a subscription for an interest in an alternative investment fund managed by iCapital Advisors, LLC and offered by Deutsche Bank Securities Inc. The letter outlines the information required from the client, including personal identification and financial details, and authorizes Deutsche Bank to share this information with iCapital Parties. It also authorizes Deutsche Bank to transfer funds from the client's account for capital contributions and to receive information about the client's fund investment.


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 provides updates and modifications to the Memorandum, specifically for investors referred by Deutsche Bank Securities Inc. The supplement details the appointment of Deutsche Bank as a Placement Agent, the associated fees, and changes to the summary of principal terms of the Access Fund. It also addresses certain risk factors and potential conflicts of interest for DB Introduced Persons, and updates on regulatory matters involving Deutsche Bank.


document_description: This document is the Form ADV Part 2A for iCapital Advisors, LLC, providing information about the firm's qualifications, business practices, and material changes. It includes details on advisory services, fees, investment strategies, and risk factors associated with investing in the funds managed by iCapital. The document also outlines the firm's code of ethics, disciplinary information, and affiliations with other financial entities.


document_description: This document is a disclosure statement and subscription agreement for potential investors in Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the terms and conditions for investment, including the roles of Deutsche Bank Securities Inc. as the Solicitation Agent, Glendower Access, and iCapital Advisors, LLC. The document details the compensation structure for the Solicitation Agent, including placement and servicing fees, and highlights potential conflicts of interest. It also includes instructions for investors on completing the subscription agreement, representations and warranties required from investors, and various legal and regulatory compliance requirements. The document emphasizes the confidentiality of investor information and the privacy policy in compliance with Regulation P.


document_description: This document provides detailed information about the Glendower Access Secondary Opportunities IV (U.S.), L.P. and the Glendower Capital Secondary Opportunities Fund IV, L.P. It outlines the structure, strategy, fees, and terms of both the Access Fund and the Underlying Fund. The document is intended for sophisticated investors and includes legal disclaimers and important information about the risks and conditions of investing in these funds.


document_description: This document is a confidential investment presentation for Glendower Access Secondary Opportunities IV (U.S.), L.P., intended for investment professionals and qualified investors. It provides an overview of the fund's structure, strategy, and key terms, highlighting the risks and potential returns associated with investing in secondary private equity markets. The presentation includes detailed information on the fund's investment strategy, market analysis, and performance data of previous funds managed by Glendower Capital.