document_description: This document is an excerpt from the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines provisions related to notices, accounting, and tax matters. Notices are to be sent to partners as specified, with certain conditions for electronic delivery. The fiscal year is defined, and the selection of independent accountants is described. Tax provisions ensure the partnership is treated as a partnership for U.S. federal income tax purposes, with specific roles and responsibilities for the General Partner and Tax Matters Partner.


source: doj

document_description: This document outlines the amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes provisions for the designation of the General Partner as the 'partnership representative' under the BBA, the responsibilities of partners regarding tax compliance, and the handling of imputed underpayments. It also addresses the provision of information by partners to comply with tax laws and avoid adverse consequences under FATCA.

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

document_type: legal

document_subtype: Limited Partnership Agreement


document_description: This document is an excerpt from the Amended and Restated Limited Partnership Agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the obligations of Limited Partners to provide information for compliance with FATCA and the potential consequences of non-compliance. It also addresses the conditions under which Section 1045 rollovers may be elected by Limited Partners.


document_description: This document is an amended and restated limited partnership agreement for Glendower ACCCA Secondary Opportunities IV (U.S.) L.P. It outlines various tax-related provisions, including the handling of tax basis adjustments, elections under the Internal Revenue Code, and tax reporting consistency. It also includes a power of attorney clause appointing the General Partner as the attorney-in-fact for certain legal actions.

key_people:
General Partner
Limited Partner

document_subtype: Partnership Agreement


document_description: The document outlines the powers and responsibilities of the General Partner in managing the partnership, including executing necessary documents for the partnership's operations, amendments, and compliance with legal requirements. It also details the obligations of Limited Partners to provide information and execute documents as required by the General Partner.

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


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


document_description: The document outlines confidentiality obligations for Limited Partners regarding Partnership Information, which is considered a valuable trade secret. It specifies conditions under which this information can be disclosed, such as to professional advisors or under legal compulsion, and the procedures to follow in such cases.


document_description: This document is an amended and restated limited partnership agreement for Glenodwer Access Secondary Opportunities IV (U.S.), L.P. It outlines confidentiality obligations, the rights of the General Partner to withhold information, and the remedies available for breaches of confidentiality. It also includes provisions for contract construction and the survival of confidentiality obligations after a partner's withdrawal.

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


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It outlines the terms and conditions of the partnership, including arbitration procedures, the use of side letters, and bad actor disqualification information. The agreement specifies that any controversies or claims will be settled through binding arbitration in New York City. It also allows the General Partner to enter into side letters with Limited Partners to amend or supplement the agreement. Additionally, it includes provisions for conducting inquiries into Limited Partners who hold significant subscriptions to ensure compliance with Rule 506 of Regulation D under the Securities Act.


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

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


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

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

key_people:
Thomas Fortin
Michael Stanton

key_organizations: Glendower Access Secondary Opportunities IV GP LLC


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

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


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions and terms related to business days, capital accounts, carrying value, contributions, and covered company partners and persons.

title: Glendower Access Secondary Opportunities IV (U.S.), L.P. 1-2 Amended and Restated Limited Partnership Agreement

document_type: tabular


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions and terms related to defaulting access fund investors, defaulting partners, the Delaware Act, delayed payment interest, ERISA, ERISA partners, exempt entities, FATCA, feeder funds, final closing dates, and freely tradable securities.

key_locations:
Delaware
United States

document_subtype: Amended and Restated Limited Partnership Agreement


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

title: Amended and Restated Limited Partnership Agreement

key_people:
Henry Nicholas
Michael Stanton


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions and terms related to the management agreement, management fee, net gain or loss, nonrecourse liability, and non-voting interest.


document_description: This document outlines the terms and definitions related to the Glendower Access Secondary Opportunities IV (U.S.), L.P., including definitions for terms such as Offshore Access Fund, Organizational Expenses, and Partner Nonrecourse Debt. It specifies the organizational structure, expenses, and partnership interests.

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


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


document_description: This document is an amended and restated limited partnership agreement for Glendower Access Secondary Opportunities IV (U.S.), L.P. It includes definitions and terms related to financial instruments, third-party indemnifiers, transfer regulations, and the underlying fund, which is Glendower Capital Secondary Opportunities IV, LP.

key_locations:
United States
District of Columbia
European Union

key_organizations: United States Department of the Treasury


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

title: Appendix II: Regulatory and Tax Allocations

document_subtype: Partnership Agreement Appendix


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

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


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

document_date: January 2018

document_type: financial

document_subtype: Private Placement Memorandum


document_description: This document is a confidential private placement memorandum provided by iCapital Advisors, LLC to sophisticated investors for investment in Glendower Access Secondary Opportunities IV (U.S.), L.P. The fund aims to invest in Glendower Capital Secondary Opportunities Fund IV, LP. The memorandum includes details about the investment structure, legal disclaimers, and regulatory compliance, emphasizing that the interests are not registered under the U.S. Securities Act of 1933 and are offered under exemptions. It also outlines the qualifications required for investors and the lack of registration under the Investment Company Act of 1940.

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

key_locations: Delaware U.S. England


document_description: This document is a memorandum related to the Access Fund, which is suitable only for sophisticated investors due to its high risks and lack of liquidity. It outlines the legal and financial responsibilities and limitations of investors, the Access Fund, and Glendower Capital. It also specifies that the memorandum should be disregarded by prospective investors located in the European Economic Area (EEA) due to regulatory requirements. The document emphasizes that the Access Fund is not an affiliate of the Underlying Fund or Glendower and that investing in the Access Fund is different from investing directly in the Underlying Fund.

document_type: correspondence

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


document_description: The document is an investment memorandum related to the Access Fund and Underlying Fund managed by Glendower. It outlines the rights and limitations of the Limited Partners, the General Partner, and Glendower in managing the funds. It also discusses the potential risks, fees, and forward-looking statements associated with the investment. The memorandum emphasizes that past performance is not indicative of future results and that the terms of the Underlying Fund are subject to change.

document_subtype: investment memorandum

key_organizations:
Glendower
Access Fund
Underlying Fund


document_description: This document is a Memorandum for prospective investors in the Access Fund, outlining the legal, tax, regulatory, financial, and accounting considerations of an investment. It emphasizes that the Memorandum is not a prospectus and should not be solely relied upon for investment decisions. It includes summaries of the Partnership Agreement and Subscription Agreement, which are subject to change and should be reviewed for complete information. The document also addresses U.S. Treasury Regulations compliance and advises investors to seek independent tax advice. It invites prospective investors to meet with representatives of the Access Fund for further information.

document_subtype: Memorandum

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


document_description: This document is a confidential memorandum related to the offer and sale of Interests in a fund. It outlines the minimum subscription amount, legal restrictions on distribution, and confidentiality obligations of the recipient. The memorandum is intended for potential investors and includes contact information for Investor Relations at Institutional Capital Network, Inc.

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


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

key_organizations:
Access Fund
Glendower


document_description: The document outlines the exemption of the General Partner from registration with the U.S. Commodity Futures Trading Commission (CFTC) as a Commodity Pool Operator (CPO) under CFTC Rule 4.13(a)(3). It details the conditions under which the Access Fund operates, including limitations on marketing to the public, participation by accredited investors, and restrictions on commodity interest positions. The document also mentions the exemption from registration as a Commodity Trading Advisor (CTA) and the implications for investors with significant interests in the Access Fund.

document_subtype: exemption notice


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

document_subtype: legal notice

key_organizations: CFTC NFA


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

title: GLDUS143 Henry Nicholas

document_date: November 2017

document_subtype: Table of Contents


document_description: The document is an investment memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P., a Delaware limited partnership. It outlines the investment strategy of investing in Glendower Capital Secondary Opportunities Fund IV, LP, focusing on secondary market private equity funds. The memorandum includes information on investment objectives, risk factors, and potential conflicts of interest.

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

key_locations: Delaware England


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

title: Summary of Principal Terms of the Access Fund

document_date: October 2017

document_subtype: Investment Fund Summary

key_organizations: Glendower Capital Secondary Opportunities Fund IV, LP


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


document_description: The document outlines the offering and investment details for the Access Fund, a private placement for certain U.S. investors. It describes the types of investors suitable for the fund, including U.S. taxable investors and U.S. tax-exempt investors willing to receive unrelated business taxable income (UBTI). The document also details the minimum subscription requirements for both the Access Fund and the Underlying Fund, and notes the additional expenses for investing through the Access Fund.

document_subtype: Investment Offering

key_organizations:
Access Fund
Underlying Fund
Glendower GP


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

document_subtype: fund closing notice

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


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

document_subtype: investment fund document


document_description: The document outlines the structure and terms of investment for Glendower Access Secondary Opportunities IV (International), L.P., an offshore access fund for qualified U.S. Tax-Exempt Investors and Non-U.S. Investors. It details the formation of the fund, capital call procedures, and potential penalties for non-compliance by limited partners.


document_description: The document outlines the distribution and allocation procedures for the Access Fund, including the handling of distributions from the Underlying Fund, capital account allocations, and expenses. It specifies the responsibilities of the General Partner and the financial obligations of the Limited Partners, including organizational and offering expenses.

key_organizations:
Access Fund
Feeder Fund
General Partner
Investment Manager


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

document_subtype: financial report

key_organizations:
Access Fund
Underlying Fund
General Partner
Investment Manager


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

document_subtype: Investment Fund Document

key_organizations:
Access Fund
Feeder Fund
General Partner
Investment Manager
Underlying Fund


document_description: This document outlines the management fee structure for Limited Partners in an Access Fund, detailing the fee rates during and after the investment period of the Underlying Fund. It specifies different rates based on subscription amounts and describes the payment process to the Investment Manager and Placement Agents.

document_subtype: Investment Agreement

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


document_description: The document outlines the role of Raymond James & Associates, Inc. and other placement agents in the Access Fund's investment process. It details the placement fees applicable to Limited Partners, the marketing and fund servicing fees, and the management fee structure for the Underlying Fund managed by Glendower. The document also advises investors with subscriptions of $5 million or more to consider direct investment in the Underlying Fund.

document_subtype: Investment Document

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


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

document_subtype: Investment Fund Agreement

key_organizations:
Glendower GP
Access Fund


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

key_organizations:
Access Fund
U.S. Internal Revenue Service


document_description: The document outlines considerations for prospective investors in the Access Fund, particularly in relation to ERISA compliance. It details the General Partner's efforts to ensure the fund is suitable for employee benefit plans under ERISA, including maintaining less than 25% ownership by benefit plan investors. It also discusses the potential for Limited Partners to return distributions to cover liabilities and the amendment procedures for the Partnership Agreement.


document_description: The document outlines potential amendments to a Partnership Agreement, specifying conditions under which amendments can be made without adversely affecting Limited Partners. It discusses voting rights, borrowing capabilities, and the responsibilities of the General Partner and Investment Manager.

document_subtype: Partnership Agreement Amendment

key_organizations:
Access Fund
Underlying Fund


document_description: The document outlines the borrowing and credit support capabilities of an Underlying Fund, potential impacts on the Access Fund's borrowing abilities, investor eligibility criteria, and confidentiality obligations. It also includes a disclaimer about the disclosure of tax treatment and structure.

document_subtype: Investment Memorandum

key_organizations:
Underlying Fund
Access Fund


document_description: The document outlines the responsibilities and legal counsel for the General Partner and Access Fund, including information sharing with Limited Partners and service providers. It also details the legal counsel and auditor arrangements for the Access Fund.

document_subtype: Investor Information

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


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

document_subtype: investment risk disclosure

key_organizations:
Access Fund
Underlying Fund
Raymond James
Glendower


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

document_subtype: investment document

key_organizations:
Raymond James
Access Fund
Underlying Fund
Glendower


document_description: The document outlines the terms and conditions of an investment in the Access Fund, including indemnification clauses, capital contribution requirements, co-investment opportunities, and compensation structures. It highlights the risks and conflicts of interest associated with the investment.

document_subtype: investment agreement

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


document_description: The document discusses the roles of the General Partner and Investment Manager in retaining investment advisers or Placement Agents for marketing and selling interests. It highlights potential conflicts of interest and the management of other funds or Managed Accounts with similar strategies. It also covers the valuation of assets in the Access Fund and the inherent uncertainties involved.

document_subtype: Investment Fund Disclosure

key_organizations:
General Partner
Investment Manager
iCapital Network
Glendower


document_description: The document discusses various financial arrangements and potential conflicts of interest involving the Investment Manager, Fidelity, and iCapital Funds. It highlights compensation agreements, educational programs for financial advisers, and ERISA considerations related to the Access Fund.

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


document_description: The document discusses the potential risks and legal implications for the Access Fund and its portfolio companies related to ERISA controlled group liability, as highlighted by the Sun Capital Cases. It also outlines the limitations on the rights and liquidity of Limited Partners in the Access Fund, emphasizing the illiquid nature of the investment and the lack of voting rights or participation in the management of the Underlying Fund. Additionally, it mentions the investment concentration risks associated with the Access Fund's sole investment in the Underlying Fund.

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

key_locations: U.S. District Court for the District of Massachusetts

document_subtype: legal analysis or memorandum

key_organizations:
Access Fund
Underlying Fund
Glendower


document_description: The document discusses the terms and conditions related to the Underlying Fund and the Access Fund, including potential conflicts of interest, confidentiality of information, and the possibility of amendments to the governing agreement. It also covers the use of Side Letters for preferential terms for certain investors and the restrictions on transferring interests without the General Partner's consent.

key_organizations:
DiversePartnership
Glendower
Underlying Fund
Access Fund
General Partner


document_description: The document outlines the terms and conditions related to the Access Fund's financial obligations and rights concerning the Underlying Fund managed by Glendower GP. It covers topics such as transfer restrictions, repayment of distributions, reinvestment rights, indemnity obligations, and multiple layers of expenses. The Access Fund may need to repay distributions, make additional capital contributions, and indemnify various parties. Expenses from both the Access Fund and the Underlying Fund will be borne by the Access Fund, and certain expenses are not capped for Limited Partners.

document_subtype: investment fund agreement

key_organizations:
Glendower GP
Access Fund
Underlying Fund


document_description: The document discusses the implications of investors subscribing for interests in a fund during subsequent closings, including potential dilution of existing investors' interests and issues related to public disclosure requirements. It also covers the borrowing strategies of the Access Fund and Underlying Fund, including the use of credit facilities and the risks associated with pledging assets as collateral.

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


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

document_subtype: memorandum

key_organizations:
Access Fund
Underlying Fund
General Partner
Investment Manager
SEC


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

document_subtype: Legal and Regulatory Risks

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


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

key_locations:
European Union
Japan

key_organizations:
CFTC
Glendower
Underlying Fund
Access Fund


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

key_locations:
United States
Cayman Islands

document_subtype: legal advisory

key_organizations:
Cleary Gottlieb Steen & Hamilton LLP
Maples and Calder
Access Fund


document_description: The document provides tax-related information for Limited Partners of the Access Fund, including implications of the 2017 Tax Legislation, phantom income, UBTI for tax-exempt investors, and FATCA compliance requirements.

document_subtype: tax information

key_organizations:
Access Fund
IRS


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

document_subtype: tax legislation summary


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

document_subtype: tax document


document_description: This document provides a summary of certain U.S. federal income tax considerations related to an investment in the Access Fund. It discusses the applicability of the U.S. federal income tax code, existing U.S. Treasury Regulations, and judicial decisions as of the date of the memorandum. The document highlights that the IRS may take different positions on the tax considerations described and that no IRS ruling or counsel opinion has been obtained. It is intended for U.S. persons and does not cover all possible tax considerations, especially for non-U.S. persons or entities with special circumstances.

document_subtype: tax considerations


document_description: This document provides a summary of the U.S. federal income tax implications for prospective investors in the Access Fund and the Underlying Fund, which are expected to be treated as partnerships for tax purposes. It advises investors to consult their own tax advisors and discusses potential risks if the funds fail to qualify as partnerships.

document_subtype: tax advisory

key_organizations:
Access Fund
Underlying Fund
IRS


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


document_description: The document discusses the tax implications and considerations for Limited Partners in the sale of interests in an Access Fund. It covers capital gains, tax basis adjustments, and limitations on the deductibility of interest expenses. The document also mentions the potential termination of the Access Fund for tax purposes if a significant portion of interests are sold within a year.


document_description: The document provides tax guidance for non-corporate Limited Partners of the Access Fund, focusing on investment interest limitations, passive activity loss restrictions, at-risk limitations, and deductibility of fund expenses. It advises Limited Partners to consult tax advisors for specific implications.

document_subtype: investment fund tax guidance


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


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


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


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


document_description: This document outlines the tax reporting requirements for U.S. persons owning interests in non-U.S. entities through a fund or partnership. It details the obligations of Limited Partners to file information returns or statements regarding their interests in foreign entities, including the potential need to file an FBAR for foreign accounts exceeding $10,000. The document also discusses the taxation of qualified dividend income for non-corporate taxpayers and the conditions under which dividends from U.S. and qualified foreign corporations may be taxed at reduced rates.

key_organizations:
United States
Access Fund
IRS


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


document_description: The document discusses the tax implications and regulatory matters related to investing in the Access Fund. It highlights the lack of IRS rulings, the need for investors to consult tax advisors, and the unregistered status of the Interests under the Securities Act of 1933. It also discloses past regulatory issues involving Raymond James, a Placement Agent for the offering.

key_locations:
United States
Puerto Rico
Virgin Islands
District of Columbia

document_subtype: investment memorandum

key_organizations:
Access Fund
Raymond James Financial Services, Inc.
Securities and Exchange Commission


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

document_subtype: legal disclosure

key_organizations:
Access Fund
General Partner
Investment Manager
National Futures Association


document_description: The document discusses regulatory concerns regarding the sources of funds used in investments, emphasizing the need for investors to provide documentation verifying their sources of funds to comply with anti-money laundering laws. It also addresses the European Union's Alternative Investment Fund Managers Directive, stating that the General Partner and Investment Manager are not authorized under this directive. Additionally, it outlines considerations for ERISA plans investing in the Access Fund, ensuring compliance with fiduciary standards under ERISA.

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


document_description: The document discusses the implications of the 2017 Fiduciary Rule on investments in the Access Fund by ERISA Plans and Individual Plans. It outlines the responsibilities and potential legal issues for fiduciaries under ERISA and the Code, particularly in relation to prohibited transactions. The document also explains the conditions under which the Access Fund's assets would not be considered 'plan assets' under ERISA.

key_organizations:
U.S. Department of Labor
Access Fund


document_description: The document discusses the classification of equity interests in the Access Fund as held by 'benefit plan investors' under ERISA, and the implications if the fund's assets are deemed 'plan assets.' It outlines the reporting requirements for ERISA Plan investors on Form 5500 and advises governmental pension plans to consult legal counsel before investing. The document emphasizes the need for fiduciaries to seek legal advice regarding ERISA and investment decisions.

document_subtype: investment fund disclosure


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

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

document_date: March 2018

document_subtype: Private Placement Memorandum Supplement

key_organizations: Glendower Capital Secondary Opportunities Fund IV, L.P.


document_description: This document is a supplement to the Confidential Private Placement Memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P. It updates and modifies the original Memorandum, particularly regarding the investment in Glendower Capital Secondary Opportunities Fund IV, LP. The supplement allows investors to disclose tax treatment and structure to advisors and tax authorities but restricts other disclosures to prevent securities law violations.

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


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

document_subtype: amendment


document_description: The document outlines the financial responsibilities and indemnification obligations of Limited Partners in relation to the Access Fund and the Underlying Fund. It details how operating expenses, management fees, and other costs are allocated among the partners, and specifies the conditions under which Limited Partners may be required to return distributions to cover liabilities or indemnification obligations.

document_subtype: partnership agreement

key_organizations:
Access Fund
Underlying Fund


document_description: The document contains amendments to certain risk factors and potential conflicts of interest related to investing in the Access Fund. It outlines the limitations of investors' rights, potential indemnity obligations, and the risks associated with in-kind distributions and repayment of distributions.

key_organizations:
Access Fund
Underlying Fund
Glendower GP


document_description: The document outlines the indemnity obligations of the Access Fund and the Underlying Fund, including the funding of indemnification claims through capital calls or return of distributions. It also discusses the expenses and management costs associated with the funds, which are borne by the Access Fund and subject to the carried interest of the Glendower GP.

document_subtype: Partnership Agreement


document_description: This document is a confidential private placement memorandum related to an underlying fund, marked as proprietary and confidential, and subject to Federal Rule of Criminal Procedure 6(e).

title: Underlying Fund Confidential Private Placement Memorandum

document_subtype: Private Placement Memorandum


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

key_organizations:
Glendower Capital
Credit Suisse


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

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

key_organizations:
Glendower Capital LLP
UK Financial Conduct Authority


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the terms and conditions under which the fund's interests are offered, emphasizing that the fund is not registered under the U.S. Investment Company Act of 1940 or the U.S. Securities Act of 1933. The memorandum highlights the risks involved in investing in the fund, the lack of liquidity, and the indefinite period investors may need to bear these risks. It also advises prospective investors to consult their advisors regarding legal, tax, and financial matters related to the investment.

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

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


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the past performance of the SOF funds managed at Deutsche Bank, the forward-looking statements, legal and tax structures, and disclaimers regarding the offering. It emphasizes that the memorandum does not constitute an offer or solicitation in any jurisdiction where it is unlawful and that the fund's partnership agreement will control in case of inconsistencies.

title: Confidential Private Placement Memorandum

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


document_description: This memorandum outlines the exemption status of Glendower Capital, LLP and the General Partner from CFTC registration, the role of Credit Suisse as placement agent, and the responsibilities of potential investors. It emphasizes that the CFTC has not reviewed or approved the offering and that Credit Suisse is not acting as an investment adviser or fiduciary. Potential investors are advised to make their own investment decisions and consult with their advisors.

title: Glendower Capital Secondary Opportunities Fund IV, LP

document_subtype: Confidential Private Placement Memorandum

key_organizations: U.S. Commodity Futures Trading Commission


document_description: The document is a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the role of Credit Suisse as a placement agent and potential conflicts of interest due to fees and commissions. It also includes disclaimers about tax advice and notices to residents of New Hampshire and Florida regarding securities regulations.

key_locations:
New Hampshire
Florida


document_description: The document contains contact information for Glendower Capital and associated individuals, as well as a confidential private placement memorandum.

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

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

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


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

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

document_subtype: Table of Contents


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

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

document_type: other


document_description: The document is an executive summary for the Glendower Capital Secondary Opportunities Fund IV, LP, a fund formed by Glendower Capital, an independent investment firm. The fund seeks US$1.75 billion in commitments to generate investment returns through secondary private markets. It targets acquisitions in private equity fund structures and co-investments globally, primarily in the U.S. and Europe. The document outlines the history of the fund's managing partners and their previous work with Deutsche Asset Management.

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

key_locations:
U.S.
Europe
London
New York

key_organizations:
Glendower Capital
Deutsche Asset Management
Deutsche Bank


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

key_organizations:
Glendower Capital
Deutsche Asset Management


document_description: The document is an executive summary of the Glendower Capital Secondary Opportunities Fund IV, LP, detailing its investment strategy and focus areas. The fund targets bespoke liquidity solutions and GP-led secondary deals, representing a significant portion of the market. The strategy includes focusing on less competitive transactions, pursuing a true value approach, buying mature fund interests at a discount, efficient portfolio management, and a barbell approach to portfolio construction. The fund leverages relationships with fund sponsors and sellers to gain informational advantages and solve complex transactions.


document_description: The document provides an executive summary of the Glendower Capital Secondary Opportunities Fund IV, LP, highlighting its strong performance metrics as of September 30, 2017, including a 1.6x gross multiple and 28% IRR. It details the performance of various SOF funds, the experienced team, and the disciplined investment process. The document also notes the firm's independence and its history with Deutsche Asset Management.

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

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

key_locations:
London
New York


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

key_organizations:
Glendower Capital
Deutsche Bank


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP, focusing on investment performance.

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


document_description: The document provides an overview of the investment performance of the Glendower Capital Secondary Opportunities Fund IV, LP, highlighting strong buyout-like returns with an attractive risk profile, early cash flows, and negligible loss ratio. It includes detailed performance metrics such as Net IRR, TVPI, and DPI for various funds within the program as of September 30, 2017.

key_locations:
North America
Europe
Asia

document_subtype: Investment Performance Report


document_description: The document provides a performance analysis of the Glendower Capital Secondary Opportunities Fund TV, LP, benchmarking its performance against the Cambridge Associates Secondaries Benchmark statistics as of September 30, 2017. It includes Net IRR, DPI, and TVPI metrics for various funds and years, comparing them to vintage peer groups and buyout fund benchmarks.

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

document_subtype: investment performance report

key_organizations:
Glendower Capital
Cambridge Associates


document_description: The document provides an analysis of the investment performance of Glendower Capital's Secondary Opportunities Funds (SOF, SOF II, and SOF III). It highlights the consistency in Net Contributed Capital, Net IRR, TVPI, and DPI across different economic cycles. The funds show strong performance with Net IRR converging around 20% after 20 quarters and TVPI reaching 1.65x by liquidation. The report emphasizes that past performance is not indicative of future results.


document_description: The document provides a comparison of the Glendower Capital Secondary Opportunities Fund IV, LP (SOF Program) against public market indexes including the MSCI World Index, Russell 2000 Index, and the Thomson Reuters Private Equity Buyout Index. The SOF Program and its sub-funds (SOF, SOF D, SOF II, SOF III) show favorable performance compared to these indices. The document includes a table (Exhibit 5) detailing the net IRR of each fund compared to the indices. The methodology for calculating PMEs is also described.

title: Scotian 2: Investment Performance


document_description: This document is a summary of the principal terms for the Glendower Capital Secondary Opportunities Fund IV, LP, as outlined in the Confidential Private Placement Memorandum.

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


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

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

document_subtype: Investment Summary

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


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


document_description: The document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP (SOF IV). It outlines the fund's investment strategy, which targets a diverse portfolio of investments in the secondary market, including buyout, growth capital, venture capital, special situations, turnaround, mezzanine and distressed opportunities, real estate, and infrastructure assets. The fund will focus on three types of investments: Fund Secondaries, GP-led Secondaries, and Single Asset Deals, primarily in the U.S. and Europe. The fund aims for risk-adjusted returns in excess of 20% Net IRR. The document also notes the absence of certain resources previously available to the SOF Team at Deutsche Asset Management.


document_description: The document outlines the investment strategy and sourcing approach of Glendower Capital Secondary Opportunities Fund IV, LP. It emphasizes the fund's ability to source less intermediated deal flow and work directly with sellers, focusing on non-monetary factors such as confidentiality and speed. The fund's global sourcing approach aims to achieve attractive risk-adjusted returns by allocating capital to the best investment opportunities globally. The document provides data on the geographical distribution of assets and sellers, and highlights the fund's extensive industry network and disciplined deal selection process.

key_locations:
North America
Europe
Asia and Pacific

key_organizations:
Glendower Capital
Raymond James
Alex Brown


document_description: The document discusses the attractiveness of secondary investments for investors, highlighting their role in diversifying private equity portfolios. It outlines the benefits of secondary investments, such as pricing flexibility, mitigation of blind pool risk, and reduced J-curve effect. The document also describes the secondary market investment opportunity, noting the illiquid nature of private equity assets and the dynamics creating opportunities in the secondary market.


document_description: The document provides an overview of the secondary private equity market, highlighting its growth and evolution over the past two decades. It discusses the expansion of the market to include various liquidity solutions and the significant increase in market volume, driven by factors such as GP-led secondaries and active portfolio management. The document also includes data on market volumes from 2006 to 2017 and references several sources for its analysis.

key_organizations:
Glendower Capital
Preqin
Greenhill


document_description: The document discusses the growth and pricing trends in the secondary private equity market, highlighting the NAV and unfunded amounts, and provides a table of unrealized portfolio values and dry powder from 2007 to 2017. It emphasizes the importance of pricing in secondary market transactions and the factors influencing it.

document_subtype: financial report

key_organizations:
Glendower Capital
Greenhill
Preqin
Dow Jones


document_description: The document provides an analysis of secondary market pricing trends from 2005 to 2017, highlighting the impact of cash flows, mark-to-market pricing, and market conditions on effective discounts at closing. It discusses the overheated market in 2006-2007, the impact of premiums paid for over-levered companies, and the stabilization of pricing at a 10% discount to NAV from 2014 onwards. The analysis is based on various market reports and outlines the recovery of the secondary market post-2009 crisis.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Secondary Market Pricing Analysis

document_subtype: financial analysis

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


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

key_organizations:
Glendower Capital
Greenhill
Preqin
Bain & Company


document_description: The document provides a breakdown of seller composition and funds marketed by vintage for Glendower Capital Secondary Opportunities Fund IV, LP. It includes data on the emergence of tail-end sales and the supply of secondary opportunities in pre-crisis bubble funds.

key_organizations:
Glendower Capital
Greenhill Cogent
Preqin


document_description: The document discusses the growth and prominence of GP-led Secondaries, highlighting the volume and percentage of GP-led Secondaries from 2006 to 2017. It also outlines factors driving the trend for general partners to organize liquidity solutions for investors, such as the global financial crisis and the proactive approach of LPs in rebalancing portfolios.

key_organizations:
Glendower Capital
Greenhill Cogent
Evercore


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

key_organizations:
Glendower Capital
BC Partners
Diamond Castle
One Equity Partners
Warburg Pincus
Nordic Capital
Duke Street
Long Point Capital
Quadrica Capital
Arco Real Estate
GMT
Pollen Street
Enhanced Healthcare Partners
Zurmont Madison Capital


document_description: The document provides an analysis of the competitive environment for secondary market funds, focusing on Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the market segmentation, fund sizes, and sourcing strategies, highlighting the fund's positioning in the mid-sized segment ($1-3 billion) and its strategy to acquire assets from alternative asset managers, family offices, and endowments.

document_subtype: investment fund analysis


document_description: The document outlines the investment strategy and process of Glendower Capital Secondary Opportunities Fund IV, LP. The fund focuses on purchasing mature fund interests (at least 50% drawn) to reduce 'blind pool risk' and relies on a robust investment process involving deal origination, due diligence, investment decision-making, and monitoring. The fund aims to acquire funds through exclusive or minimally competitive transactions using its industry network.

key_organizations:
Glendower Capital
Glendower SOF Team


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


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


document_description: This document is a section from the Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, focusing on fund management.

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


document_description: This document outlines the management structure and operations of the Glendower Capital Secondary Opportunities Fund IV, LP. It details the history and experience of Glendower Capital, an independent investment firm focused on secondary private markets. The document describes the management team, investment committee, and operational processes of the fund, highlighting the firm's origins from Deutsche Asset Management and its current operations in London and New York.

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

document_subtype: Fund Management Document

key_organizations:
Glendower Capital
Deutsche Asset Management
FCA


document_description: This document provides information about the Glendower Capital Secondary Opportunities Fund IV, LP, including details about the fund management and investment committee members. It outlines the professional backgrounds of key members such as Carlo PlaJo-Biroll, Charles Smith, Adam Graev, Chi Cheung, Emilio Olmos, and Deirdre Davies, highlighting their previous roles and educational qualifications.

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

key_locations:
London
New York
Southern Europe
Middle East
Asia
Cambridge University
Columbia Business School
University of Rome
HEC Paris
Polytechnic University of Madrid

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


document_description: This section of the document discusses the tax implications for investors in the Glendower Capital Secondary Opportunities Fund IV, LP, particularly in relation to offshore fund rules, UK tax considerations for both UK and non-UK residents, and inheritance tax implications. It outlines how different types of investors, such as UK resident individuals, companies, pension funds, and non-UK residents, may be affected by UK tax laws, including potential liabilities and exemptions.


document_description: This document outlines the legal, ERISA, and tax considerations for the Glendower Capital Secondary Opportunities Fund IV, LP, focusing on compliance with FATCA and other international disclosure regimes. It details the requirements for investors to provide necessary documentation to comply with FATCA and the potential consequences for non-compliance. The document also discusses the Common Reporting Standard and other international tax reporting obligations.


document_description: This section discusses the tax implications and legal considerations for investors in the Glendower Capital Secondary Opportunities Fund N. LP. It covers the potential for reduced or eliminated taxes for investors based on their country of residence, the handling of withholding taxes by the Fund, and the different tax considerations for alternative investment vehicles. Investors are advised to consult their own tax advisers.


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


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


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal restrictions and requirements for the distribution and sale of interests in the fund across various jurisdictions, particularly within the European Economic Area. The memorandum specifies that the offer is limited to professional investors and details specific conditions for countries like Denmark, Finland, and Germany. It emphasizes compliance with local securities laws and confidentiality provisions.


document_description: The document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the regulatory and legal considerations for offering interests in the fund in various jurisdictions, including the Netherlands, Sweden, the United Kingdom, Australia, and Bahrain. The memorandum specifies the conditions under which the fund can be marketed and sold to professional investors in these regions, highlighting compliance with local financial regulations and exemptions.


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


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 that the Interests are not registered with Colombian authorities and are not for public offering. The document also addresses regulations in the Dubai International Financial Centre, stating that the Fund is not regulated by the DIFC or DFSA. It emphasizes that the Interests may be illiquid and subject to resale restrictions, and are intended for Professional Clients who can make a minimum subscription of at least $50,000.


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal restrictions and conditions under which the memorandum can be distributed and the interests offered in various jurisdictions including Guernsey, Haiti, Hong Kong, Israel, and Japan. The memorandum emphasizes that it is not approved by financial authorities in these regions and is intended for professional investors only. It also highlights that the document does not constitute financial advice and that investors should consult their own advisors.


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


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal restrictions and conditions for 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 regarding the language of the document and the non-endorsement of any specific course of action.


document_description: The 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 countries, including Peru, Qatar, Saudi Arabia, Singapore, and South Korea. The memorandum specifies that the interests are not registered in these jurisdictions and are offered only to institutional investors or under specific legal provisions. It also highlights the limitations on recourse and distribution of the memorandum in these regions.


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 investment interests in various jurisdictions including Korea, St. Kitts and Nevis, and Switzerland. The document specifies that the fund is not registered with financial authorities in these regions and highlights the legal requirements and risks associated with investing in the fund.


document_description: The document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the terms and conditions for investors, including the possibility of rebates for limited partners, restrictions on offering in Taiwan and the UAE, and legal disclaimers for the USA. The memorandum emphasizes that the fund is not regulated by UAE authorities and provides guidance for prospective investors to seek professional advice.


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 non-U.S. securities laws and are offered only to qualifying recipients under specific exemptions. The document emphasizes the restrictions on transferability and resale of the Interests and notes that the Fund is not registered as an investment company under the Investment Company Act, thus not providing those protections to investors.


document_description: This document is a privacy notice for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines how personal data of investors, both natural and non-natural persons, will be processed and shared by Glendower Capital LLP, the data controller. The notice details the types of personal data collected, the reasons for data processing, and the entities with whom data may be shared. It also informs investors of their rights regarding their personal data and the potential for data transfer outside the EEA.


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 role of the UK Information Commissioner's Office as a supervisory authority.


document_description: The document outlines the anti-money laundering considerations and obligations for the Glendower Capital Secondary Opportunities Fund IV, LP. It details the responsibilities of the Manager to verify the identity and source of funds of investors, comply with anti-money laundering legislation, and adhere to economic sanction regulations. The Manager may refuse investments or report suspicions of illegal activity to authorities.


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


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


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 terms related to the fund, such as the Fund Advisory Committee, Fund Documents, Fund Partnership Agreement, and others. It outlines the roles of the General Partner, Glendower Capital, and the Investment Committee, among others.


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines various investment terms, restrictions, and definitions related to the fund, including investment periods, platforms, restrictions, and key persons involved.


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


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund N. LP. It includes definitions and explanations of terms related to the fund, such as Subsequent Closing Partner, Team Investment, Total Value, TVPI or Net Multiple, and various legal and tax considerations.


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


document_description: The document is a Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It provides performance information prepared by Deutsche Alternative Asset Management (Global) Limited, related to the SOF Funds and underlying transactions managed by the investment team while at Deutsche Bank. The document discusses the use of performance information, compliance with laws, and the nature of the investment performance data, including its limitations and forward-looking statements.


document_description: This document is a Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, aiming to achieve comparable returns as outlined in the memorandum.


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


document_description: The document proposes the board of directors for the General Partner of Glendower Capital Secondary Opportunities Fund IV, LP. It includes detailed profiles of the proposed board members, highlighting their experience and qualifications.


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 Europe, as well as for the global placement agent, Credit Suisse Asset Management Limited.


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


document_description: This document outlines the servicing and placement fees related to DB Introduced Persons' investments in the Access Fund. It details the fee structure based on the subscription amounts and the potential conflict of interest due to the Solicitation Agent's financial incentives.


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).


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


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 subscribing 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.


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 the transfer of interests.

document_subtype: Investment Agreement

key_organizations:
Partnership
General Partner


document_description: This document outlines the terms and conditions under which an investor, identified as Henry Nicholas, is purchasing an interest in a partnership. It includes representations and warranties about the investor's status as an accredited investor and a U.S. tax person, restrictions on the transfer and resale of the interest, and potential tax implications. The document also specifies that the interest is not registered under any jurisdiction outside the United States and highlights the risks associated with the investment.


document_description: This document outlines the representations, warranties, and acknowledgments made by an investor in relation to a partnership investment. It includes details about the investor's qualified purchaser status, conflicts of interest, and additional risk factors associated with the investment. The investor acknowledges the lack of registration under the Investment Company Act and the associated risks, including limited marketability and transferability of interests.

key_organizations:
Partnership
General Partner
Investment Manager
Underlying Fund


document_description: This document outlines the terms and conditions of an investment agreement, including capital contribution requirements, liquidity needs, investment objectives, securities laws compliance, and regulatory exemptions related to the 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 provisions to ensure compliance with the Securities Exchange Act of 1934 and the Securities Act, particularly regarding beneficial ownership and disqualifying events. The document also covers the investor's power and authority, due execution, and binding nature of the agreement.

document_subtype: investment agreement


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_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 the partnership's legal counsel does not represent individual investors. It also includes a privacy notice regarding the handling of investors' 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:
U.S. government
UK government
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 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. If the investor is a fund of funds, they must have procedures to verify the identity of beneficial owners and ensure compliance with sanctions. The document also states that the investor must inform the General Partner of any inaccuracies in their representations and provide additional information if required.

key_locations:
United States
UK

document_subtype: Subscription Agreement


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

document_subtype: confidentiality agreement

key_organizations:
General Partner
Partnership
Investment Manager
Underlying Fund
U.S. Internal Revenue Service


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 the investor's lack of direct interest, voting rights, or recourse against the Underlying Fund and its manager. It also details the fees and expenses the investor will incur and includes representations for 'Plan Investors' under ERISA.


document_description: The document outlines the terms of a Partnership Agreement, emphasizing compliance with the Investor's governing instruments and applicable laws. It details the General Partner's authority to make investment decisions, the non-fiduciary role of iCapital Securities, LLC, and the responsibility of the Investor Fiduciary to exercise independent judgment. The document also highlights the Investor's understanding of the Partnership's objectives, risks, and conflicts of interest, and confirms the Investor's capability to evaluate investment risks independently.


document_description: This document outlines the terms and conditions of an investment management agreement involving an investor and iCapital. It details the responsibilities and acknowledgments of the investor and the investor fiduciary, including understanding the risks, fees, and conflicts of interest associated with the investment. The document also confirms that the investor fiduciary is a qualified entity under applicable laws and regulations.


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 transactions under ERISA and the Code, and the conditions for employee benefit plans and individual retirement accounts.


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


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

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


document_description: This document is a Subscription Agreement related to a partnership investment. It outlines the status of the partnership under the Investment Company Act, grants a power of attorney to the General Partner and Investment Manager, and details the responsibilities and rights of the investor. It also covers expenses, amendments, and the conditions under which a subscription may be reduced or rejected.

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 representations and warranties by the Investor, requirements for additional information, and indemnity clauses. The Investor agrees to provide necessary information for regulatory compliance and acknowledges the possibility of compulsory redemption or voting power waiver to comply with Rule 506 under the Securities Act. The document also covers procedures for capital contributions and distributions through a Financial Advisor Account and the consequences of closing such an account.

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 covers the investor's consent to receive Schedule K-1 electronically and the consequences of not consenting.

key_organizations:
Partnership
General Partner
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 details 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 and investor signature page related to a private placement investment. It includes acknowledgements of receipt and review of fee information, an upfront placement fee, and agreement to the terms of the partnership. The document is intended for the investor to sign, acknowledging their understanding and agreement to the terms.

title: Fee Acknowledgement and Investor Signature Page

document_subtype: Fee Acknowledgement


document_description: A document marked as proprietary and confidential, with references to federal rules and specific identifiers.


document_description: A form for prospective investors to complete, indicating whether they are investing as an individual or entity, and whether they are a U.S. Person. 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: The document contains information related to an individual named Henry Nicholas, including fields for employment status, tax year end, employer, and occupation, all of which are empty. It also references a term 'FOIA Partner' and provides a note to see a specific section of an agreement for its definition. The document is marked as proprietary and confidential.


document_description: This document is a General Partner Signature Page for Glendower Access Secondary Opportunities IV GP LLC, indicating acceptance of a subscription for interest by the General Partner on behalf of the Partnership. The net amount of interest is unspecified.

document_subtype: General Partner Signature Page


document_description: Wire instructions for initial capital contribution and distributions for a partnership investment. Includes sections for beneficiary bank details, U.S. correspondent bank details, and source of funds options.

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


document_description: This document is an investor status form for individuals, detailing the financial status of the investor in terms of net worth, income, and investment value. The investor is required to select the appropriate financial range that applies to them.

document_subtype: Investor Status Form


document_description: This document is an investment questionnaire for investors to disclose whether 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 accredited investor status form for entities such as partnerships, trusts, and corporations. It outlines the criteria for being considered an accredited investor under various sections of the Securities Act and related regulations. The form is intended for entities with significant assets or specific regulatory statuses, not individuals.

title: Exhibit C - Accredited Investor Status

document_subtype: Accredited Investor Status Form

key_organizations:
U.S. Securities Exchange Act
U.S. Small Business Administration


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.

document_subtype: investment document


document_description: This document outlines the criteria under which an investor is considered a 'qualified purchaser' under the Investment Company Act. It includes specific conditions for entities such as companies, partnerships, and trusts to qualify based on their investment holdings and structure.

title: Exhibit D - Investment Company Act Representations

document_subtype: Investment Company Act Representations


document_description: This document is an investment questionnaire for an investor, identified as GLDUS143 Henry Nicholas. It includes questions regarding the investor's status as a qualified purchaser, investment company status, and the nature of the investor's management and formation. The document is marked as proprietary and confidential.


document_description: This document is an investment questionnaire for an investor named Henry Nicholas. It includes questions about the investor's asset allocation, ultimate beneficiaries, and whether the investor or any beneficiaries are publicly traded or regulated entities. The document also includes a chart for 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: Exhibit E - Plan Investor Representations

document_subtype: Plan Investor Representations


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

key_organizations:
General Partner
iCapital
Partnership


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. The notice complies with Regulation P, 12 C.F.R. 1016, adopted by the Consumer Financial Protection Bureau.

title: NOTICE REGARDING PRIVACY OF FINANCIAL INFORMATION

document_subtype: Privacy Notice

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