document_description: The document discusses potential risks and legal implications for the Access Fund related to ERISA controlled group liability, particularly in light of the Sun Capital Cases. It highlights the risks of being characterized as engaging in a 'trade or business' and the potential for forming a 'partnership-in-fact' with affiliated funds. The document also outlines the lack of recourse for Limited Partners against the Underlying Fund, restrictions on transferability or redemption of interests, and the lack of voting rights or participation in the Underlying Fund's management.

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

key_organizations:
Access Fund
Underlying Fund
Glendower


source: doj

document_description: The document discusses the potential conflicts of interest and confidentiality issues related to the Underlying Fund and the Access Fund managed by Glendower. It highlights that certain information will not be disclosed to Limited Partners and that terms of the Underlying Fund are subject to change without liability to Limited Partners. The document also mentions the possibility of Side Letters that may offer preferential terms to certain investors.

document_type: correspondence

key_organizations:
Glendower
Underlying Fund
Access Fund


document_description: This document outlines the financial obligations and rights of the Access Fund and its Limited Partners in relation to the Underlying Fund managed by Glendower GP. It details the conditions under which capital contributions can be recalled, the repayment of distributions, indemnity obligations, and the multiple layers of expenses involved. The document emphasizes the potential for Limited Partners to be required to return distributions or make additional contributions beyond their initial commitments.

document_type: financial

document_subtype: investment agreement

key_organizations:
Access Fund
Underlying Fund
Glendower GP


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

document_subtype: investment memorandum

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 regulatory compliance issues related to Rule 506 of Regulation D and the disqualification of certain 'bad actors' from offerings.

document_subtype: memorandum

key_organizations:
Access Fund
Underlying Fund
General Partner
Investment Manager
Securities Act
Regulation D
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 derivatives market.

document_type: legal

document_subtype: regulatory compliance

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

key_locations:
United States
Cayman Islands

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, tax-exempt investors, and FATCA compliance. It advises consulting tax advisors for specific circumstances.

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 how audits will be conducted at the partnership level and the potential tax liabilities for partners if the Access Fund does not elect an alternative procedure. The document also highlights other tax risks associated with investing in the Access Fund, including changes in tax laws, filing requirements in various jurisdictions, and potential taxation of the Access Fund or Limited Partners.

document_subtype: tax legislation summary


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

document_subtype: tax 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 implications for U.S. persons and highlights that the information is based on current laws and interpretations, which may change. The document advises Limited Partners to consult their own tax advisors, especially if they are non-U.S. persons or fall under special categories such as financial institutions or insurance companies.

key_locations:
United States
District of Columbia

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 discusses potential tax liabilities for limited partners, the possibility of the funds being treated as corporations, and the implications of such a change in status.

document_subtype: tax summary

key_organizations:
Access Fund
Underlying Fund
IRS


document_description: This document discusses the tax consequences of the Access Fund's investments, activities, income, gain, and loss, including indirect investments as a limited partner of the underlying fund. It covers topics such as a limited partner's tax basis in its interests, distributions, and allocations of income and loss to limited partners.


document_description: This document discusses the tax implications and regulations related to the sale of interests in a limited partnership, specifically focusing on capital gains, tax basis adjustments, and limitations on the deductibility of interest expenses. It outlines the conditions under which a partnership may terminate for tax purposes and the potential impact of Section 754 elections on tax basis adjustments.

document_subtype: investment document


document_description: This document discusses the tax implications for non-corporate Limited Partners investing in the Access Fund. It covers topics such as the investment interest limitation, passive activity loss rules, at-risk limitations, and the deductibility of Access Fund expenses. The document advises prospective investors to consult with tax advisors regarding these limitations and their specific tax situations.


document_description: The document discusses the U.S. federal income tax treatment of various financial activities related to the Access Fund, including the deductibility of capital losses, treatment of investments, and tax implications of debt instruments. It outlines how capital gains and losses are treated, the recognition of ordinary income from interest and fees, and the tax treatment of debt investments with original issue discount or market discount. It also addresses the tax implications of contingent payment debt instruments and uncertainties in tax law related to debt restructuring.


document_description: This document outlines the tax implications for U.S. persons and U.S. Tax-Exempt Investors involved with Controlled Foreign Corporations (CFCs) and the Access Fund. It discusses the rules for U.S. shareholders of CFCs, including the inclusion of certain earnings in gross income and the treatment of gains as dividend income. It also covers the impact of foreign currency gains or losses and the potential for unrelated business taxable income (UBTI) for U.S. Tax-Exempt Investors due to leverage and certain types of income.


document_description: The document discusses tax implications for U.S. Tax-Exempt Investors and Limited Partners in relation to the Access Fund. It covers topics such as Unrelated Business Taxable Income (UBTI), excise taxes, foreign tax credits, and audit procedures. The document advises investors to consult tax advisors regarding these issues.


document_description: This document outlines the tax reporting obligations for U.S. persons owning interests in non-U.S. entities through a fund or partnership. It details the requirements for filing information returns, the potential penalties for non-compliance, and the conditions under which qualified dividend income is taxed at reduced rates. It also discusses the implications of owning investments through non-U.S. entities and the requirements for filing an FBAR.

key_organizations:
United States
Access Fund


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 such as alternative minimum tax and state/local taxes. It also mentions potential legislative changes affecting these tax matters.


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. It also discloses past regulatory issues involving Raymond James related to auction rate securities.

key_people:
Glenn Warren
Raymond James

key_locations:
Puerto Rico
Virgin Islands
District of Columbia

document_subtype: legal memorandum

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


document_description: The document discusses 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 outlines the fund's expectations to qualify for exemptions from registration and reporting requirements, and the legal and tax considerations for investors. It also addresses compliance with anti-money laundering requirements.

document_subtype: legal disclosure

key_organizations:
Access Fund
U.S. Securities Exchange Commission
National Futures Association


document_description: The document discusses regulatory concerns regarding the sources of funds used in investments by the Glendower GP and the Access Fund. It outlines the requirements for investors to provide documentation verifying their source of funds and compliance with anti-money laundering laws. It also addresses the applicability of the European Union's Alternative Investment Fund Managers Directive and ERISA considerations for U.S. pension and retirement plans investing in the Access Fund.

document_subtype: memo

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


document_description: The document discusses the implications of the 2017 Fiduciary Rule by the U.S. Department of Labor on investments by ERISA Plans and Individual Plans in the Access Fund. It outlines the responsibilities and potential prohibited transactions under ERISA and the Code, and the conditions under which the Seller's Exclusion applies. The document also addresses the treatment of Access Fund's assets as 'plan assets' and the 25% ownership rule for benefit plan investors.

document_subtype: investment advisory

key_organizations:
U.S. Department of Labor
ERISA Plan
Access Fund
General Partner
Investment Manager


document_description: The document discusses the implications of ERISA (Employee Retirement Income Security Act) on investments in the Access Fund, particularly focusing on the classification of assets as 'plan assets' and the fiduciary responsibilities that may arise. It also addresses reporting requirements for ERISA Plan investors on Form 5500 and considerations for governmental pension plans.

document_subtype: ERISA compliance discussion


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 clarifies that it does not alter the 'Important Disclosures' section of the original Memorandum and emphasizes confidentiality and restrictions on reproduction. It also allows investors to disclose tax-related information to advisors and authorities but restricts other disclosures to prevent securities law violations.

document_subtype: Private Placement Memorandum Supplement

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.


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 Limited Partners and Feeder Funds. It also describes 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: Amendments to the risk factors and potential conflicts of interest sections related to the Access Fund, including changes to indemnity obligations and repayment of distributions.

document_subtype: amendment notice


document_description: The document outlines the indemnity obligations of the Access Fund and the Underlying Fund, including the funding of indemnification claims through capital calls or return of distributions. It also discusses the expenses and management costs associated with the Access Fund and the Underlying Fund, which are borne by the Access Fund and may include certain expenses apart from a Limited Partner's Subscription.

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

document_subtype: Confidential Private Placement Memorandum

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, detailing an investment opportunity in limited partner interests valued at $1,750,000,000. It is circulated by Glendower Capital LLP to a limited number of qualified prospective investors. The memorandum outlines the terms of the offering, including the merits and risks involved, and is intended for professional investors as defined by the Markets in Financial Instruments Directive.

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

document_date: March 2018

key_organizations:
Glendower Capital LLP
UK Financial Conduct Authority


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines that the fund will not be registered under the U.S. Investment Company Act of 1940 or the U.S. Securities Act of 1933. The interests are offered to qualifying recipients under exemptions from registration requirements. The memorandum highlights the risks involved, the lack of liquidity, and the indefinite period investors may need to bear these risks. It advises prospective investors to consult their advisors and not to rely solely on the document for legal, tax, or investment advice. Past performance is not indicative of future results, and investors are encouraged to contact the fund's representatives for further information.

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 outlines the past performance of the SOF Funds managed at Deutsche Bank, the forward-looking statements, legal and tax structure assumptions, and disclaimers regarding the offering. It emphasizes that the information is not independently verified and is subject to change.

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 registration with the U.S. Commodity Futures Trading Commission (CFTC) as a Commodity Pool Operator (CPO). It details the conditions under which the fund operates, including limitations on marketing and participant criteria. The memorandum also clarifies the role of Credit Suisse as the placement agent and its non-advisory capacity. Potential investors are advised to make independent investment decisions and are informed of Credit Suisse's potential conflicts of interest due to its business relationships.

title: Glendower Capital Secondary Opportunities Fund IV, LP


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 legal notices for New Hampshire and Florida residents regarding securities registration and rights to void purchases. The document emphasizes that Credit Suisse does not provide tax advice and advises investors to seek independent tax advice.

key_locations:
New Hampshire
Florida


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

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

document_type: tabular

document_subtype: Table of Contents


document_description: Glendower Capital Secondary Opportunities Fund IV, LP is being formed by Glendower Capital, an independent investment firm focused on secondary private markets. The fund seeks US$1.75 billion in commitments to generate investment returns through a diverse portfolio, primarily in the U.S. and Europe. It is the fourth dedicated secondary fund led by Carlo Pirzio-Biroli and Charles Smith, following their spin-out from Deutsche Asset Management in 2017.

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

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

key_locations:
U.S.
Europe
London
New York

document_subtype: Executive Summary

key_organizations:
Glendower Capital
Deutsche Asset Management
Deutsche Bank


document_description: The document is an executive summary for Glendower Capital Secondary Opportunities Fund IV, LP, detailing the history and strategy of the fund. It discusses the spin-out of Glendower Capital from Deutsche Asset Management in 2017, the investment strategy, and the benefits of secondary market investing. It also provides insights into the secondary market's growth and stability.

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, emphasizing less competitive transactions and a selective value approach. The strategy includes purchasing mature fund interests at a discount, efficient portfolio management, and leveraging relationships with fund sponsors and sellers. The document highlights the fund's historical performance and strategic advantages.


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. It details the fund's track record, investment strategy, and team experience. The fund has shown top decile and quartile performances across various metrics such as gross multiple, IRR, TVPI, and DPI. The document also outlines the firm's history, team structure, and investment process.

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. It outlines the fund's strategy of leveraging relationships with over 180 fund sponsors to conduct a rigorous, value-driven analysis of investment opportunities. The fund focuses on operational, financial, and market risk analysis, cash flow analysis, and management review. It emphasizes strong alignment of interests between the Glendower SOF Team and investors, with senior members committing a minimum of 1.0% of the fund and receiving all carried interest. Deutsche Bank will not be involved in the management or receive any carried interest from the fund.

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

key_organizations:
Glendower Capital
Deutsche Bank


document_description: This document is a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, detailing 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 a 1.5x Net Multiple and a 23% Net IRR. It includes detailed performance metrics for various funds within the program as of September 30, 2017.

document_subtype: Investment Performance Report


document_description: The document provides a performance analysis of the Glendower Capital Secondary Opportunities Fund M LP, comparing its performance metrics such as Net IRR, DPI, and TVPI against the Cambridge Associates Secondaries Benchmark statistics as of September 30, 2017. It includes detailed tables showing performance metrics across various years and benchmarks against vintage peer groups and top quartile buyout funds.

title: Glendower Capital Secondary Opportunities Fund M LP Performance Report

document_subtype: investment performance report

key_organizations:
Glendower Capital
Cambridge Associates


document_description: The document compares the performance of the Glendower Capital Secondary Opportunities Fund IV, LP (SOF Program) against public market indexes such as the MSCI World Index, Russell 2000 Index, and Thomson Reuters Private Equity Buyout Index. The SOF Program and its components (SOF, SOF D, SOF II, SOF III) show favorable performance compared to these indices. The Long Nickels method is used for calculating PMEs, and net IRR is calculated using replicated cashflows in the index and a theoretical terminal value.

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 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_type: other


document_description: The document outlines the investment strategy for Glendower Capital Secondary Opportunities Fund IV, LP (SOF IV), which is established as a successor to the SOF Funds. The fund targets a diverse portfolio of investments in the secondary market, including buyout, growth capital, venture capital, and more. It focuses on three main strategies: Fund Secondaries, GP-led Secondaries, and Single Asset Deals, with a global focus primarily in the U.S. and Europe. The fund aims for risk-adjusted returns in excess of 20% Net IRR.


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, leveraging a global network to achieve attractive risk-adjusted returns. The fund focuses on non-monetary factors such as confidentiality and speed, particularly relevant in distressed financial conditions. The document includes 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
Wealth Management
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 mitigation of the J-curve effect. The document also describes the illiquid nature of private equity assets and the opportunities in the secondary market due to industry dynamics.


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 providing a table of unrealized portfolio values and dry powder from 2007 to 2017. It also analyzes secondary market pricing and factors affecting it, such as fund age and quality.

document_subtype: financial report

key_organizations:
Glendower Capital
Greenhill


document_description: The document discusses the secondary market pricing trends for Glendower Capital Secondary Opportunities Fund IV, LP, highlighting cash flows, market pricing, and effective discounts. It includes an analysis of secondary market pricing from 2005 to 2017, noting periods of market overheating and crisis, and the recovery to a stable pricing range. The document references various market analyses and outlooks.

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


document_description: The document provides an overview of the secondary market supply and demand balance, highlighting the available dry powder and annual deal volume. It discusses the diverse seller universe and the strategic use of the secondary market for portfolio management.

title: Glendower Capital Secondary Opportunities Fund IV Overview

key_organizations:
Glendower Capital
Greenhill
Preqin
Bain & Company


document_description: The document provides a breakdown of seller composition for Glendower Capital Secondary Opportunities Fund IV, LP in 2017, along with market trends and private equity assets by fund vintage year. It highlights the emergence of traditional secondary buyers and funds-of-funds as sellers, motivated by the need to wind down older vehicles and return capital to LPs. The document includes detailed tables on seller types, funds marketed by vintage, and private equity assets by fund vintage year.

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

key_organizations:
Glendower Capital
Greenhill Cogent
Preqin


document_description: The document discusses the growth and prominence of GP-led Secondaries, highlighting the volume and 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.

key_organizations:
Glendower Capital
Greenhill Cogent
Evercore


document_description: The document discusses the competitive environment and strategies of the Glendower Capital Secondary Opportunities Fund IV, LP, which targets mid-sized secondary market opportunities. It highlights the fund's positioning in the market, sourcing strategies, and the competitive landscape of secondary funds based on size and strategy.


document_description: The document outlines the investment strategy and process of Glendower Capital Secondary Opportunities Fund IV, LP, focusing on mature fund interests. It details the fund's approach to deal origination, screening, investment decision, monitoring, and realisation. The fund targets mature fund interests to reduce 'blind pool risk' and relies on a robust investment process.

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

document_subtype: investment memorandum


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


document_description: This document is a section of 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 is a section from the Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the fund management structure, including the history and operations of Glendower Capital, an independent investment firm focused on secondary private markets. The document details the management team, investment committee, and operational processes of the fund. It also highlights the firm's history, team composition, and investment strategy.

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

key_organizations:
Glendower Capital
Deutsche Asset Management
FCA


document_description: This document provides information about the Glendower Capital Secondary Opportunities Fund IV, LP, including details about the fund management and investment committee members. It outlines the professional backgrounds and roles of key individuals involved in the fund, such as Carlo PlaJo-Biroll, Charles Smith, Adam Graev, Chi Cheung, Emilio Olmos, and Deirdre Davies. The document is marked as confidential and is related to fund management operations.

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

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


document_description: The document provides information about the senior team and professionals at Glendower Capital, specifically focusing on their roles, responsibilities, and previous experiences in the finance and investment sectors. It highlights the team's expertise in secondary private equity, client relations, and investment management.

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

key_locations:
New York
South Africa
Milan
London

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


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

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

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


document_description: This document provides a summary of the principal terms of the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the investment objectives, the roles of the General Partner and the Manager, and the structure of the Fund. The Fund aims to generate attractive risk-adjusted returns through various investment strategies in the secondary market, primarily targeting the U.S. and Europe. The General Partner is Glendower Capital SOF IV (GP) Limited, and the Manager is Glendower Capital, LLP, which is authorized and regulated by the UK Financial Conduct Authority.

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

key_locations:
Cayman Islands
UK
U.S.
Europe

document_subtype: Summary of Terms and Conditions


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP, including details on commitments, minimum commitment amounts, capital contributions, team investments, and closing procedures.

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

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


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP, including details on the investment period, reinvestment policies, key person events, and diversification rules. The investment period is defined by specific conditions, and the fund has provisions for reinvestment of certain distributions. Key persons are identified, and their involvement is crucial for the continuation of the investment period. Diversification rules limit the percentage of investment in individual deals without committee consent.

key_people:
Charles Smith
Carlo Pirzioaroli
Adam Graev
Chi Cheung

document_subtype: Investment Terms and Conditions

key_organizations:
Glendower Capital
Fund Advisory Committee


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes investment restrictions, indebtedness policies, hedging strategies, and the allocation of the General Partner's share. Key points include limitations on investment percentages in various asset types, borrowing strategies for investment facilitation and expense coverage, and the use of leverage for hedging. The document also details the profit share allocation to the General Partner and the conditions for drawdowns from Limited Partners' commitments.

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

key_people:
General Partner
Second GP

document_subtype: Investment Fund Terms


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

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


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes details on the structure of feeder and parallel funds, successor funds, allocation of investment opportunities, transfers and withdrawals, reporting and valuations, and disclosure of changes to leverage provisions. The document specifies the roles and responsibilities of the Manager and the Fund Advisory Committee, as well as the conditions under which Limited Partners can transfer or withdraw their interests. It also covers the reporting requirements and the annual meeting for Limited Partners.

key_organizations:
Glendower Capital
Glendower Capital LLP


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

key_people:
General Partner
Manager


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes details on indemnification, removal of the General Partner, amendments to the Fund Partnership Agreement, default provisions, and the term of the fund. The document specifies the conditions under which the General Partner can be removed for cause or without fault, and the indemnification rights of Covered Persons. It also describes the process for amending the Fund Partnership Agreement and the consequences for Limited Partners who default on their obligations.

key_people:
General Partner
Manager
Second GP


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

key_locations: UK US

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


document_description: This document is a section from a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, focusing on risk factors associated with the fund.

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


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

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

document_subtype: investment risk disclosure


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

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


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

document_subtype: Risk Factors

key_organizations:
Glendower Capital
SOF Funds


document_description: This document outlines the risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the unpredictability of future events, potential poor performance of investments, exclusive loss liability for the Fund and its Partners, risks associated with leverage, and the use of subscription line facilities. The document also notes that the performance data is as of June 30, 2017, and may not reflect the current position.


document_description: This section of the memorandum outlines various risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the competitive nature of the fund's business, dependence on the manager and key personnel, lack of operating history, and prior affiliation with Deutsche Bank. The document emphasizes that past performance is not indicative of future results and that there is no assurance of achieving the fund's investment objectives.

key_organizations:
Glendower Capital
Deutsche Bank


document_description: This document outlines the risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the liquidity risks, potential for distributions in kind, investor obligations, uncertainties in payment timings, and risks related to unspecified transactions. The document emphasizes the reliance on the Manager's judgment and ability in managing the fund's investments.


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

key_locations:
United States
United Kingdom


document_description: The document outlines various risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the potential legal risks related to UK tax evasion and the implementation of procedures to prevent criminal facilitation of tax evasion. It also covers co-investment risks, counterparty risks, and the risks associated with investments via other entities. Additionally, it addresses the dilution of interests from subsequent closings and the indemnification of certain parties involved with the Fund.


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


document_description: The document outlines risk factors associated with investments in emerging markets by the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses potential political, regulatory, and economic risks, as well as currency and taxation issues. The document also addresses the role of Debevoise & Plimpton LLP as special counsel and the potential for conflicts of interest. Additionally, it highlights the diverse interests of investors and the challenges posed by sovereign immunity claims by certain investors.

key_organizations:
Glendower Capital
Debevoise & Plimpton LLP


document_description: The document outlines various risk factors associated with investments in the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the impact of deflation, currency risks, the status of debt markets, and legal, tax, and regulatory risks on the fund's performance and investor returns.


document_description: The document outlines risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses risks related to electronic communications, cybersecurity threats, pay-to-play laws, and forward-looking information. The document emphasizes the potential for electronic communications to be compromised and the cybersecurity risks that could affect the fund and its investors. It also highlights the legal implications of non-compliance with pay-to-play regulations and the uncertainties associated with forward-looking statements.

key_organizations:
Glendower Capital
U.S. Adviser
Credit Suisse Asset Management Limited


document_description: This section outlines the risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It emphasizes that the list of risk factors is not exhaustive and advises potential investors to read the entire memorandum and consult professional advisers before investing.


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

title: Glendower Capital Secondary Opportunities Fund IV, LP - Section 8: Conflicts of Interest


document_description: The document outlines potential conflicts of interest related to the investment activities of Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the role of the Manager and its affiliates in managing these conflicts, the involvement of the Fund Advisory Committee, and specific scenarios such as conflicts among investors, broken deal expenses, investment by management team members, and carried interest.

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


document_description: This document is a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. The page is intentionally left blank and marked as confidential pursuant to Federal Rules of Criminal Procedure.


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

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


document_description: This document outlines the legal, ERISA, and tax considerations for the Glendower Capital Secondary Opportunities Fund IV, LP. It covers valuation practices, fair treatment of investors, liquidity management, and professional liability risk. The fund will be valued based on U.S. GAAP and ASC 820 standards, with a valuation committee chaired by Deirdre Davies. The fund is a closed-ended AIF with no redemption rights for investors, and it holds a professional indemnity insurance policy. The fund is governed by English law under the Limited Partnerships Act 1907.

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


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

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

key_locations: England Wales


document_description: The document outlines legal and financial considerations for the Glendower Capital Secondary Opportunities Fund IV, LP, including risk management, leverage, net asset value, and the role of the Depositary. It specifies that no investors have been admitted, and the Fund has not engaged a prime broker. Aztec Financial Services (UK) Limited is the Depositary, with specific duties and limitations of liability outlined.

key_organizations:
Glendower Capital
Aztec Financial Services (UK) Limited


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

key_locations:
New York
Puerto Rico
Virgin Islands
District of Columbia

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


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

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

document_subtype: Legal Considerations


document_description: The document discusses legal considerations related to the Glendower Capital Secondary Opportunities Fund IV, LP, including exemptions from registration with the U.S. Commodity Futures Trading Commission (CFTC) and ERISA considerations for fiduciaries of employee benefit plans. It outlines the fiduciary duties under ERISA, the prudence and diversification requirements, and the implications of plan assets under ERISA regulations.

title: Certain Legal, ERISA and Tax Considerations


document_description: This section of the memorandum discusses legal, ERISA, and tax considerations for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the 25% Test for Benefit Plan Investors under ERISA, the requirement for plan administrators to report compensation on Form 5500, and certain U.S. federal income tax considerations for investors. The document emphasizes the complexity of tax implications for partnerships and advises investors to consult with tax advisers. It also mentions new partnership audit rules under the Bipartisan Budget Act of 2015.


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


document_description: This section of the memorandum discusses the ERISA and tax considerations for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It covers the deductibility of expenses, qualified business income deductions, and the implications for ERISA plans and other tax-exempt limited partners. It also addresses considerations for non-resident and non-U.S. investors, including withholding tax and effectively connected income.

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


document_description: This document outlines the tax considerations and legal implications for non-U.S. investors in the Glendower Capital Secondary Opportunities Fund W. LP, particularly in relation to investments in U.S. Operating Partnerships. It discusses the treatment of effectively connected income (ECI), withholding tax rates, branch profits tax, and potential use of a blocker structure for non-U.S. investors. It also covers reporting requirements for U.S. investors, including forms 8865, 926, and 8938, and the implications of reportable transactions under U.S. federal tax rules.

reference_numbers:
Form 8865
Form 926
Form 8938


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

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


document_description: This document is a section from the Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the tax implications for UK resident investors, including income and capital gains taxation. It discusses the requirement for investors to obtain a Unique Taxpayer Reference (UTR) and the potential need to disclose their identity to HM Revenue & Customs. The document also covers the tax treatment of income and capital gains for UK resident investors, including tax credits and allowances.

key_organizations:
Glendower Capital
HM Revenue & Customs


document_description: This section of the private placement memorandum outlines the tax considerations for investors in the Glendower Capital Secondary Opportunities Fund IV, LP, particularly focusing on UK tax implications for both UK and non-UK residents. It discusses the treatment of gains from offshore funds, controlled foreign companies, and the implications for pension funds and exempt bodies. It also covers inheritance tax considerations for limited partnership interests in the UK.

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


document_description: The document discusses the implications of the Foreign Account Tax Compliance Act (FATCA) and other international disclosure regimes on the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the requirements for compliance with FATCA, including the need for investors to provide necessary documentation and the potential consequences for non-compliance. The document also covers the Common Reporting Standard and other international tax reporting obligations.

key_locations:
United Kingdom
United States


document_description: This document discusses the tax considerations and withholding tax obligations for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the potential for foreign tax credits or deductions for taxable investors and outlines the withholding tax procedures. It also notes that tax consequences may differ for investments made through alternative investment vehicles and advises investors to consult their tax advisers.

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


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


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


document_description: This document is a notice to investors regarding the distribution and sale of interests in the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal restrictions and compliance requirements for investors in various jurisdictions, including the European Economic Area, Denmark, Finland, and Germany. The document emphasizes the need for investors to comply with local laws and regulations and clarifies that the memorandum is not a public offering.

key_locations: Denmark Finland Germany

document_subtype: notice

key_organizations:
Glendower Capital
European Economic Area
Finnish Financial Supervisory Authority


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the regulatory considerations and restrictions for offering the fund's interests in various jurisdictions including the Netherlands, Sweden, the United Kingdom, Australia, and Bahrain. The memorandum specifies that the fund is targeted at professional investors and is subject to different regulatory frameworks depending on the country. It also highlights that the memorandum is not registered with certain financial authorities and is not an approved prospectus in some regions.

key_locations:
The Netherlands
Sweden
United Kingdom
Australia
Bahrain

key_organizations:
Glendower Capital
Finansinspektionen
FCA
Central Bank of Bahrain


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

key_locations:
Brazil
Brunei Darussalam
Canada
Cayman Islands
Chile
China
Colombia

key_organizations: Securities and Insurance Supervisory Authority of Chile


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP, governed by Colombian law. It outlines the legal and regulatory framework for offering interests in the fund to fewer than one hundred specifically identified investors in Colombia, without constituting a public offering. The memorandum also addresses the regulatory status of the fund in the Dubai International Financial Centre, stating that it is not subject to regulation by the DIFC or DFSA. The document emphasizes the need for prospective investors to conduct due diligence and consult financial advisors if needed.

key_locations: Colombia Dubai

key_organizations: Financial Supervisory Authority of Colombia


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

key_locations:
Guernsey
Haiti
Hong Kong
Israel
Japan

key_organizations: Securities and Futures Commission in Hong Kong


document_description: This document is a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal framework and restrictions for the solicitation and sale of interests in the fund in Japan, Kuwait, and Mexico. The memorandum specifies the conditions under which interests can be sold, including the requirement for qualified institutional investors in Japan and restrictions on public offerings in Kuwait and Mexico. It also highlights the risks associated with the investment and the confidentiality of the memorandum.

key_locations: Japan Kuwait Mexico

key_organizations: Credit Suisse Securities (Japan) Limited

key_organizations: Mexican Banking and Securities Commission


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

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

key_organizations: Qatar Financial Centre Regulatory Authority


document_description: This document is a private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal and regulatory considerations for offering and selling interests in the fund in Korea, St. Kitts and Nevis, and Switzerland. The memorandum specifies that the fund is not registered with the respective financial authorities in these countries and provides guidance on compliance with local laws. It also details the roles of the representative and paying agent in Switzerland, as well as the distribution and retrocession fee arrangements.

key_locations:
Korea
St. Kitts and Nevis
Switzerland
Geneva

key_organizations: Securities Commission of St. Kitts and Nevis

key_organizations: Financial Services Regulatory Commission of St. Kitts and Nevis

key_organizations: Swiss Financial Market Supervisory Authority (FINMA)


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the terms and conditions for investors, including the possibility of rebates for Limited Partners, particularly those domiciled in Switzerland. The memorandum also details the restrictions and regulations regarding the offering, distribution, and resale of interests in Taiwan, the United Arab Emirates, and the United States. It emphasizes that the fund is not regulated by UAE authorities and that the offering does not constitute a public offer of securities in the UAE. The document advises prospective investors to seek professional advice and to rely on their own examination of the issuer and the terms of the offering.

key_locations:
Switzerland
Taiwan
United Arab Emirates
United States

key_organizations: Central Bank of the United Arab Emirates

key_organizations: UAE Securities and Commodities Authority


document_description: The document is a Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines that the Interests have not been recommended by any federal or state securities commission or regulatory authority and are not registered under the Securities Act or any state or other securities laws. The Interests are offered and sold in the United States only to qualifying recipients pursuant to exemptions from registration requirements. The document emphasizes the restrictions on transferability and resale of the Interests and notes that the Fund will not be registered as an investment company under the Investment Company Act, thus not affording investors the protections of the Act.


document_description: This document is a privacy notice for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the responsibilities of Glendower Capital LLP as the data controller and the handling of personal data for both natural and non-natural persons investing in the fund. The notice details the types of personal data collected, the purposes for data processing, and the entities with which data may be shared. It also covers data transfer outside the EEA and the rights of investors regarding their personal data.

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

document_subtype: Privacy Notice

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


document_description: This document outlines the rights of individuals regarding their personal data in relation to Glendower Capital Secondary Opportunities Fund N. 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.

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

key_organizations:
Glendower Capital LLP
UK Information Commissioner's Office


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

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

key_locations: UK UN EU U.S.

document_subtype: Anti-Money Laundering Policy


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

title: Appendix 4 Key Definitions

document_subtype: Appendix

key_organizations: U.S. Commodity Futures Trading Commission


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

document_subtype: Confidential Private Placement Memorandum

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


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

key_locations:
Cayman Islands
England

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


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

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

key_organizations: Glendower IRS OECD


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 agreements involved in the fund, such as the Second GP, Side Letter, and Special Limited Partner.

key_locations:
Cayman Islands
United States
United Kingdom
European Union

key_organizations:
Glendower Capital
DB Secondary Opportunities Fund
Deutsche Asset Management
U.S. Securities and Exchange Commission


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 regulatory terms.

key_locations:
United States of America
United Kingdom

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


document_description: The document provides performance information for the SOF Funds and related transactions managed by Deutsche Alternative Asset Management (Global) Limited. It includes details on the use of leverage, performance comparisons with other PE funds, and the impact of various factors on projected returns. The information is based on financial data as of June 30, 2017, and includes forward-looking statements subject to uncertainties.

title: Glendower Capital Secondary Opportunities Fund IV, LP


document_description: The 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.

title: Glendower Capital Secondary Opportunities Fund IV, LP Directory

document_subtype: Directory


document_description: Contact information for Glendower Capital and Credit Suisse Asset Management for the Glendower Capital Secondary Opportunities Fund IV, LP.

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

key_locations:
New York, NY, USA
London, UK

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


document_description: An abstract geometric design featuring two diagonal bands with different patterns and colors, separated by a thin white line.


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 one-time Placement Fee and a quarterly Servicing Fee, based on client subscriptions to the Access Funds. The document specifies the fee rates and conditions under which these fees are applied.

title: Disclosure Statement for Deutsche Bank Securities Inc.

document_subtype: Disclosure Statement


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

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


document_description: The document is marked as confidential under Federal Rule of Criminal Procedure 6(e) and contains identifiers such as DB-SDNY-0097306, SDNY_GM_00243490, and EFTA01392144. It is related to legal proceedings in the Southern District of New York.

document_subtype: confidential document


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

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

document_subtype: Limited Partner Subscription Agreement


document_description: Instructions for investors interested in purchasing a limited partner interest in Glendower Access Secondary Opportunities IV (U.S.), L.P. Investors must complete the Subscription Agreement and provide necessary identification documents. Initial capital contributions may be required upon admission to the Partnership.

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

document_subtype: investment instructions


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

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

key_organizations: Glendower Access Secondary Opportunities IV GP LLC


document_description: The document outlines the terms and conditions for an investor purchasing an interest in a partnership. It includes representations about the investor's status as an accredited investor and U.S. tax person, restrictions on transfer and resale of the interest, and potential tax consequences. The investor acknowledges the risks involved and agrees to comply with the partnership agreement.

document_subtype: Investment Agreement


document_description: The document outlines the representations and warranties made by an investor in a partnership, including their status as a qualified purchaser under the Investment Company Act. It details the investor's acknowledgment of conflicts of interest, additional risk factors, and restrictions on transferability of interests. The investor consents to potential conflicts of interest and waives claims related to them. The document also highlights the lack of financial history of the partnership and the limited marketability of interests.

key_organizations:
Partnership
General Partner
Investment Manager
Underlying Fund


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, particularly regarding beneficial ownership and disqualifying events under Rule 506. The document also covers the investor's power and authority, due execution, and binding nature of the agreement.

document_subtype: investment agreement


document_description: The document outlines the terms and conditions of an investment agreement between 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 for tax purposes. The investor acknowledges the potential for changes in laws affecting tax benefits and confirms compliance with necessary consents and authorizations.

document_subtype: Partnership Agreement


document_description: The document outlines the terms and conditions related to the partnership interests and the legal representation of the parties involved. It specifies the conditions under which the Sole Owner can transfer its interests, the non-borrowing of contributions by the Investor, and the legal representation by Cleary Gottlieb and Maples and Calder. It also includes a privacy notice regarding the handling of financial information under Regulation P.

document_subtype: partnership agreement

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


document_description: The document outlines restrictions and compliance requirements for investors, focusing on sanctions and anti-money laundering regulations. It specifies that investors must not be associated with sanctioned parties, non-cooperative jurisdictions, senior foreign political figures, or foreign shell banks. It also ensures that the funds contributed to the partnership are not derived from prohibited activities.

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 that the investor must comply with U.S. and UK laws. The investor is required to inform the General Partner of any inaccuracies in their representations and provide additional information if necessary. The document also allows the General Partner to take actions to ensure compliance with applicable laws.

key_locations:
United States
UK

document_subtype: Subscription Agreement

key_organizations:
Partnership
General Partner


document_description: This document outlines confidentiality and disclosure obligations for investors in a partnership. It specifies conditions under which non-public information can be disclosed, defines 'Non-Public Information,' and addresses the implications of the Freedom of Information Act (FOIA) on partnership information disclosure.

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

reference_numbers:
Section 2(aa)
Section 2(bb)
Section 14.8.8
Section 14.7.8


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


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


document_description: The document outlines the terms and conditions of an investment management agreement involving an Investor and an Investor Fiduciary. It details the understanding and consent of the Investor Fiduciary regarding the risks, fees, and conflicts of interest associated with the investment in the Partnership. It also confirms that the Investor Fiduciary is not affiliated with any entity receiving compensation from the Partnership and that no fees are paid to iCapital or its affiliates for investment advice. The document ensures compliance with applicable laws and regulations and confirms the Investor Fiduciary's qualifications.


document_description: This document outlines the fiduciary responsibilities and conditions for an Investor Fiduciary in relation to the purchase of an Interest under ERISA and the Code. It specifies the independence, authority, and compliance requirements for the Investor Fiduciary, as well as conditions under which the purchase is permissible and not a prohibited transaction.

document_subtype: fiduciary agreement


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


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

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


document_description: This document is a Subscription Agreement for a partnership, detailing the power of attorney granted to Glendower Access Secondary Opportunities IV GP LLC and iCapital Advisors, LLC. It outlines the responsibilities and authorities of the General Partner and Investment Manager, including handling funds, completing documents, and acting on behalf of the investor in case of default. The agreement also covers expenses, amendments, and the conditions under which a subscription may be reduced or rejected.


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 Partnership's rights under Rule 506 of the Securities Act. The document also addresses the handling of capital contributions and distributions through a Financial Advisor Account and the potential consequences of closing such an account.

key_organizations:
Partnership
General Partner
Underlying Fund
Financial Advisor
Investment Manager


document_description: The document outlines the responsibilities and agreements of an investor in a partnership, including compliance with tax regulations and consent to receive electronic Schedule K-1 forms.

key_organizations:
Partnership
IRS
U.S. Treasury


document_description: This document is a fee acknowledgement and investor signature page related to a private placement investment. It outlines the upfront placement fee and requires the investor's signature to acknowledge receipt and review of the fee information. The document also includes a section for the investor to be admitted as a Limited Partner of the Partnership upon acceptance by the General Partner.

title: Fee Acknowledgement and Investor Signature Page

document_subtype: Fee Acknowledgement


document_description: The document contains confidential information related to an account identified by GLDUS144 Glenn Warren. It includes proprietary and confidential markings and references to legal confidentiality under Federal Rules.


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, residence, tax identification, and contact details, which are currently unfilled.

document_subtype: investment form


document_description: The document appears to be a form or questionnaire related to an individual's employment and tax status, with specific reference to a 'FOIA Partner' agreement. It includes fields for employment status, tax year end, employer, and occupation, but these fields are not filled out. 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 a net amount of interest. The document is proprietary and confidential.

document_subtype: General Partner Signature Page


document_description: Wire instructions for initial capital contribution and distributions for a partnership investment. The document outlines the need for wire instructions for the bank account where distributions will be sent and specifies that the account must match the investor's name. It also requests information for non-U.S. bank accounts and asks for the source of funds being invested.

document_subtype: wire instructions


document_description: This document is an investor status form for individuals, where the investor represents and warrants their financial status, including net worth, income levels for 2016 and 2017, and investment ownership. The form is proprietary and confidential.

document_subtype: Investor Status Form


document_description: This document is an investment questionnaire for investors to disclose whether they are investing assets from retirement plans or employee benefit plans subject to Section 4975 of the United States Internal Revenue Code. It includes questions about the percentage of assets invested 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: 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 like a bank or registered investment adviser.

document_subtype: investment document


document_description: This document outlines the criteria for an investor to be considered a 'qualified purchaser' under the Investment Company Act. It includes various categories under which an investor can qualify, such as owning a certain amount in investments or being a qualified institutional buyer.

title: Exhibit D - Investment Company Act Representations

document_subtype: Investment Company Act Representations


document_description: This document is an investment questionnaire for an investor, Glenn Warren, regarding their status and compliance with the Investment Company Act. It includes questions about the investor's structure, beneficial ownership, and purpose of formation.


document_description: This document is an investment questionnaire for an investor named Glenn Warren. It includes questions about the investor's commitment of assets, ultimate beneficiaries, and whether the investor or beneficiaries are publicly traded or regulated entities. A chart is provided for additional information if any of the questions are answered 'Yes'.


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

title: Plan Investor Representations

document_subtype: Exhibit

key_organizations: Employee Retirement Income Security Act of 1974


document_description: This document is an investment agreement exhibit related to employee benefit plans organized outside the United States. It outlines conditions under which the plan investor must contact the General Partner and provides representations and warranties required if the investor answered 'Yes' to specific questions. It emphasizes the independence of fiduciaries in investment decisions and compliance with governing instruments and 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.

title: NOTICE REGARDING PRIVACY OF FINANCIAL INFORMATION

document_subtype: Privacy Notice

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


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

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

key_people: Glendower Access Secondary Opportunities IV GP LLC

document_subtype: Investment Fund Terms


document_description: The document is a presentation for Glendower Access Secondary Opportunities IV (U.S.), L.P., discussing investment terms, fees, and risks associated with the Access Fund and the Underlying Fund. It highlights the differences between the Access Fund and the Underlying Fund, the fee structure, and the risks involved in investing. The presentation emphasizes that it is not an offer to sell or a solicitation to buy interests in the funds and that detailed information is available in the Private Placement Memorandum.

document_subtype: investment presentation

key_organizations:
Glendower Capital
iCapital Advisors
DBSI


document_description: The document is an offering for the Glendower Capital Secondary Opportunities Fund IV, LP, a private equity secondary fund. It outlines the fund's strategy, performance metrics, and key terms. The fund aims to raise US$1.75 billion and has a strong track record of returns. It is targeted at accredited investors and qualified purchasers.

title: Glendower Capital Secondary Opportunities Fund IV, LP Offering

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

key_locations:
London
New York

document_subtype: Investment Offering

key_organizations:
Glendower Capital
Deutsche Asset Management


document_description: The document outlines the investment strategy of Glendower Capital SOF IV, LP, focusing on Fund Secondaries, GP-led Secondaries, and Single Asset Deals. It details the opportunistic barbell approach for portfolio construction, emphasizing discounted fund secondaries and less competitive GP-led secondaries. The document also highlights the team's experience and the firm's focus on efficient portfolio construction and risk mitigation.

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

document_subtype: investment strategy document

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


document_description: The document provides detailed information about the Glendower Capital Secondary Opportunities Fund IV, LP (SOF IV), including its formation, performance, and investment strategies. It includes performance figures of previous funds, investment strategies, and key definitions related to the fund's operations. The document also outlines the risks, fees, and regulatory considerations associated with the fund.

key_locations:
United Kingdom
North America
Europe
Asia

document_subtype: investment fund document

key_organizations:
Glendower Capital LLP
Mirabella Advisers LLP
Cambridge Associates


document_description: This confidential presentation by Glendower Capital, LLP provides summary information about existing and future funds managed by Glendower, specifically the Glendower Capital Secondary Opportunities Fund IV, LP. It is intended for sophisticated recipients for evaluation of potential investment. The presentation emphasizes confidentiality, non-reliance for investment decisions, and outlines potential risks, conflicts of interest, and the role of Credit Suisse as the Fund's placement agent. It also clarifies that the information is not independently verified and is subject to change.

title: Glendower Capital SOF IV, L.P. Confidential Presentation

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

document_subtype: confidential presentation

key_organizations:
Glendower Capital
Mirabella Advisers LLP
Credit Suisse


document_description: This document provides important information regarding Glendower Capital SOF IV, L.P., including forward-looking statements, investment performance, and track record. It highlights the risks and considerations for prospective investors, emphasizing that the information should not be relied upon as legal or investment advice. The document also details the history and performance of the Glendower SOF Team, including their spin-off from Deutsche Bank.

title: Important Information on Glendower Capital SOF IV, L.P.

key_people:
Carlo Pirzio-Biroll
Charles Smith
Chi Cheung
Francesco Rigamonti
Adam Graey

key_organizations: Deutsche Alternative Asset Management (Global) Limited


document_description: This document contains legal disclaimers for the distribution of a presentation related to Glendower Capital SOF IV, LP. It outlines restrictions and legal requirements for recipients in various countries including the EEA, UK, Australia, Bahrain, Brazil, Brunei, Canada, Chile, and China. The document specifies that the presentation is not a prospectus and provides guidance on the lawful distribution of the presentation and the offering of interests in the fund.

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

document_subtype: legal disclaimer

key_organizations:
Glendower Capital
Credit Suisse Group
Central Bank of Bahrain
Brazilian Securities Commission
Autoriti Monetari Brunel Darussalam
Registrar of Companies
Superintendencia de Valores y Seguros
SVS


document_description: This document contains legal disclaimers for the distribution of marketing material related to Glendower Capital SOF IV, L.P. in various countries. It specifies the legal restrictions and conditions under which the material can be distributed in Malaysia, Mexico, Monaco, New Zealand, Oman, Qatar, Saudi Arabia, Singapore, South Korea, and Switzerland. The document emphasizes that it does not constitute an offer or invitation to purchase securities and outlines the legal framework and requirements in each jurisdiction.

key_locations:
Malaysia
Mexico
Monaco
New Zealand
Sultanate of Oman
Qatar
Saudi Arabia
Singapore
South Korea
Switzerland

key_organizations: National Banking and Securities Commission

key_organizations: Commission de Controle des Activités Financières