document_description: The document provides a performance analysis of the Glendower Capital Secondary Opportunities Fund (SOF) and its variants (SOF D, SOF II, SOF III) against the Cambridge Associates Secondaries Benchmark and Global Buyout Benchmark as of September 30, 2017. It includes metrics such as Net IRR, DPI, and TVPI across various vintage years, demonstrating strong comparative performance.

title: Investment Performance of Glendower Capital Secondary Opportunities Fund

document_subtype: investment performance report

key_organizations:
Glendower Capital
Cambridge Associates


source: doj

document_description: The document provides a performance analysis of the Glendower Capital Secondary Opportunities Fund IV, LP, comparing it with SOF, SOF II, and SOF III. It highlights the consistency in Net Contributed Capital, Net IRR, TVPI, and DPI across different economic cycles. The funds show strong performance with Net IRR converging at around 20% after 20 quarters and TVPI converging to the 1.65x range by liquidation. The report emphasizes the consistency of the investment strategy since 2006.

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

document_type: financial

document_subtype: Investment Performance Report


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 sub-funds (SOF, SOF D, SOF II, SOF III) show favorable performance compared to these indices. The document includes a table with the net IRR of each fund and the corresponding index returns. The methodology for comparison is based on the Long Nickels method, using net cash flows replicated in each index.

title: Scotian 2: Investment Performance

document_type: tabular


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 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 and objectives of the Glendower Capital Secondary Opportunities Fund IV, LP (SOF IV). The fund aims to pursue a disciplined investment strategy in the secondary market, focusing on fund secondaries, GP-led secondaries, and single asset deals. It targets investments primarily in the U.S. and Europe, with a goal of achieving risk-adjusted returns in excess of 20% Net IRR. The fund will also allocate up to 15% of commitments to primary fund investments and other opportunities.

document_subtype: Investment Fund Memorandum

key_organizations:
Glendower Capital
Deutsche Asset Management


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

title: Glendower Capital Secondary Opportunities Fund IV, LP

document_subtype: Confidential Private Placement Memorandum


document_description: The document discusses the growth and pricing trends in the secondary private equity market, focusing on Glendower Capital Secondary Opportunities Fund IV, LP. It includes data on the net asset value (NAV) and unfunded amounts, as well as a table showing unrealized portfolio values and dry powder from 2007 to 2017. The document also analyzes secondary market pricing and factors influencing it, such as fund age and quality of managers.

document_subtype: financial report

key_organizations:
Glendower Capital
Greenhill
Preqin
Dow Jones


document_description: The document discusses the secondary market pricing trends for Glendower Capital Secondary Opportunities Fund IV, LP, highlighting cash flows, mark-to-market pricing, and effective discounts at closing for buyers. It includes an analysis of secondary market pricing from 2005 to 2017, noting periods of overheated markets, premiums for over-levered companies, and pricing normalization. The document also provides insights into market stability and transaction volumes post-2009 crisis.

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


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 outlines factors driving the trend for general partners to organize liquidity solutions, such as the global financial crisis and proactive LP portfolio rebalancing. The document includes a table showing GP-led Secondaries transaction volume and percentage from 2006 to 2017.

key_organizations:
Glendower Capital
Greenhill Cogent
Evercore


document_description: The document discusses the competitive environment of the secondary market for private equity funds, focusing on Glendower Capital's positioning in the mid-sized segment. It highlights the advantages of this segment in terms of diversification and selectivity. The document also outlines sourcing strategies and the changing mix of sellers in the market.

document_date: unknown

document_subtype: investment memorandum


document_description: The document outlines the investment strategy and process of the Glendower Capital Secondary Opportunities Fund IV, LP. It focuses on acquiring mature fund interests (at least 50% drawn) to reduce 'blind pool risk'. The investment process includes deal origination, screening, investment decision, monitoring, and realisation. The fund aims to purchase funds through exclusive or minimally competitive transactions using its network of industry relationships.

document_subtype: Private Placement Memorandum


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


document_description: 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: The document is a section from a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It details the fund management structure, including the history and operations of Glendower Capital, an independent investment firm focused on secondary private markets. The document outlines the management team, investment committee, and the firm's operational processes. It also mentions the firm's authorization as an AIFM by the FCA and its office locations in London and New York.

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

document_type: correspondence

key_locations:
London
New York

key_organizations:
Glendower Capital
Deutsche Asset Management
FCA


document_description: This document is a section from the Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the members of the SOF IV Investment Committee and their professional backgrounds, as well as other key professionals at Glendower Capital.

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
Paris
Madrid

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


document_description: This document is a section from the Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It provides information about the fund management team, including their roles, responsibilities, and previous experiences. Key individuals mentioned include Ian Slome, Deirdre, Joshua Glaser, Francesco Rigamonti, Rikesh Mohandoss, Katherine Weaver, Victoria Loldi, Devrup Banerjee, and Aldrich Chan. The document outlines their professional backgrounds and educational qualifications.

key_people:
Ian Slome
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
Deloitte & Touche
HSBC
Goldman Sachs
UBS Investment Bank


document_description: The document provides information about the team members of Glendower Capital Secondary Opportunities Fund IV, LP, including their roles, responsibilities, and previous experiences. 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, an English private fund limited partnership. It outlines the investment objectives, the roles of the General Partner and the Manager, and the fund's strategy for generating returns through various investment opportunities in the secondary market.

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

key_organizations:
Glendower Capital
Glendower Capital SOF IV (GP) Limited
Glendower Capital SOF IV (Alternate GP)
Glendower Capital, LLP


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes details about the General Partner's share, commitments, minimum commitment, capital contributions, team investment, closings, subsequent closing partners, and drawdowns. The fund seeks aggregate commitments of US$1.75 billion, with a maximum of US$2.5 billion. The minimum commitment for limited partners is US$5 million. The document also describes the process for closings and the participation of subsequent closing partners.

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 restrictions. 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 limits are also specified.

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

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 investment restrictions, indebtedness policies, hedging strategies, and profit sharing arrangements for the Glendower Capital Secondary Opportunities Fund IV, LP. Key points include investment limits in single funds, borrowing strategies for investment facilitation, and hedging transactions for risk management. The General Partner's Share is detailed, including profit share allocations and drawdown procedures.


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP, including details on the General Partner's Share, distribution of net proceeds, and applicable points for commitments. It specifies the distribution hierarchy for net proceeds and the conditions under which the General Partner's Share is reduced. The document also defines terms such as 'Legacy Investor' and 'Carried Interest'.


document_description: This document outlines the terms and conditions for the Glendower Capital Secondary Opportunities Fund IV, LP. It covers the roles 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 rights and responsibilities of the Manager and Limited Partners, including the conditions under which new funds can be closed, how investment opportunities are allocated, and the reporting requirements for financial statements and leverage changes.

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 currency denomination, tax considerations for UK and US investors, ERISA considerations, risk factors, potential conflicts of interest, and the roles of special counsel and auditors.

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


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

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


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


document_description: This document is a section from the Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP, focusing on risk factors associated with the investment.

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


document_description: This document outlines the risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the substantial risks involved, including the potential for loss of investment, lack of liquidity, and the complex nature of due diligence 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: Glendower Capital Secondary Opportunities Fund IV, LP - Risk Factors

document_subtype: Risk Factors


document_description: This document outlines the risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the potential risks related to leverage, investments in troubled and leveraged companies, venture capital investments, valuation issues, lack of liquidity, and the absence of an established market for secondaries investments. The document highlights the speculative nature of these investments and the potential for significant financial loss.


document_description: This document outlines the 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 nature of fund investments requiring long-term commitment, restrictions on transfer and withdrawal, and performance risks. The document emphasizes the high-risk nature of the investments and the lack of guarantees on returns.


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 returns, potential losses borne by the fund and its partners, risks associated with leverage, and the use of subscription line facilities. It also notes that the performance data provided is as of June 30, 2017, and may not reflect the current position.


document_description: This document outlines the risk factors associated with investing in the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the competitive nature of the fund's business, the dependence on the manager and key personnel, the lack of operating history, and prior affiliations 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: The document outlines various tax-related risk factors associated with the Glendower Capital Secondary Opportunities Fund N. LP. It discusses potential tax implications for investors, changes in tax law, tax treatment, phantom income, risks from changes in the taxation of carried interest, and the corporate offense of failure to prevent the facilitation of tax evasion.

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

document_type: legal


document_description: This document outlines various risk factors associated with the Glendower Capital Secondary Opportunities Fund W. LP, including tax evasion risks, co-investment risks, dilution from subsequent closings, and indemnification clauses. It discusses the potential legal and financial implications for the Fund and its investors, as well as the procedures the Manager intends to implement to mitigate these risks.

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

key_organizations:
Glendower Capital
General Partner
Second GP
Manager
U.S. Adviser


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 the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the potential for side letters that may grant certain limited partners more favorable terms than others, including reporting obligations, withdrawal rights, and fee payments. The document also details general market risks, economic conditions, and the impact of interest rates, inflation, and deflation on the fund's investments.


document_description: The document discusses risk factors associated with the Glendower Capital Secondary Opportunities Fund IV, LP, including regulatory scrutiny, Brexit implications, and anti-money laundering compliance. It highlights uncertainties in regulations, potential impacts of Brexit on the fund's operations, and legal obligations for disclosing investor information.

key_locations:
UK
European Union

key_organizations:
Glendower Capital
European Union


document_description: The document is a section from the Glendower Capital Secondary Opportunities Fund IV, LP, discussing risk factors associated with the fund. It advises potential investors to read the memorandum in its entirety 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 discusses potential conflicts of interest related to the investment activities of Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the responsibilities of the Manager and the General Partner in managing these conflicts and the role of the Fund Advisory Committee. It also highlights specific conflicts such as those among investors, broken deal expenses, investment by management team members, and the influence of Carried Interest.

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


document_description: The document discusses potential conflicts of interest related to the performance-based compensation of the Manager of the Glendower Capital Secondary Opportunities Fund IV, LP. It highlights the role of the Fund Advisory Committee in identifying and consulting on conflicts of interest between the Fund and the Manager or its affiliates.


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 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: The document outlines the legal and financial framework 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. The document specifies that the fund may employ leverage up to 400% by the gross method and 300% by the commitment method, with changes disclosed to limited partners. It also covers the enforceability of foreign judgments in English courts.

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

key_locations:
New York
Puerto Rico
Virgin Islands
District of Columbia

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


document_description: This document outlines the legal, ERISA, and tax considerations for the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses the requirements under the Securities Exchange Act of 1934 for acquisitions of more than 5% of equity securities, the Investment Company Act of 1940 exemptions, and the U.S. Investment Advisers Act of 1940. The document also details the conditions under which the Fund will avoid registration under the Investment Company Act and the restrictions on offers and sales of interests.

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

document_subtype: Legal Considerations

key_organizations: Securities and Exchange Commission (SEC)


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


document_description: This document is a section from the Glendower Capital Secondary Opportunities Fund IV, LP's Private Placement Memorandum, discussing ERISA and tax considerations for investors. It covers topics such as the deductibility of organizational expenses, limitations on investment interest expense deductions, qualified business income deductions, and tax implications for ERISA plans and non-U.S. investors. The document also addresses unrelated business taxable income (UBTI) and the potential use of a 'blocker structure' for tax-exempt investors.


document_description: This document is a section from the Glendower Capital Secondary Opportunities Fund IV, LP's Private Placement Memorandum, discussing legal, ERISA, and tax considerations for investors. It outlines potential penalties for non-compliance with tax laws, U.S. state and local tax implications, and UK tax considerations for the fund and its investors. The fund is structured as an English limited partnership for tax purposes, and investors are responsible for their own tax liabilities.

key_locations:
United States
United Kingdom


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 specifies 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
German Capital


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

key_locations:
The Netherlands
Sweden
United Kingdom
Australia
Bahrain

key_organizations:
Glendower Capital
Finansinspektionen
FCA
Central Bank of Bahrain


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

key_locations: Colombia Dubai

key_organizations: Financial Supervisory Authority of Colombia


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the legal 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 specific types of investors. It also highlights that the memorandum does not constitute financial advice and that investors should consult their own advisors.

key_locations:
Guernsey
Haiti
Hong Kong
Israel
Japan

key_organizations: Securities and Futures Commission in Hong Kong


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

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 investment, including the possibility of rebates for Limited Partners, restrictions on offering in Taiwan and the UAE, and legal disclaimers for the USA. The memorandum emphasizes that the fund is not regulated by UAE authorities and that investments should be made based on the investor's own examination.

key_locations:
Switzerland
Taiwan
United Arab Emirates
United States of America

key_organizations: Central Bank of the United Arab Emirates

key_organizations: UAE Securities and Commodities Authority


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


document_description: This document is a privacy notice for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the responsibilities of the data controller, Glendower Capital LLP, regarding 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.

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

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

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

key_people:
Ian Slome
Deirdre Davies

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

key_organizations:
Glendower Capital
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. The document also discusses the Manager's obligations to report suspicious activities and the potential consequences for investors who fail to comply with these regulations.

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

document_subtype: Anti-Money Laundering Policy


document_description: This document provides key definitions related to the Glendower Capital Secondary Opportunities Fund IV, LP, including terms such as 25° Test, Administration Agreement, Advance, Advisers Act, AIFMD, Alternative Vehicle, Benefit Plan Investor, BEPS, Brexit, Carried Interest, CFCs, CFTC, Closing, Code, Commitment, Complementary Fund, Covered Person, CPO, and Data Controller.

title: Glendower Capital Secondary Opportunities Fund IV, LP - Appendix 4 Key Definitions

document_subtype: Key Definitions


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

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


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

key_locations:
Cayman Islands
England

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


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

key_locations:
Cayman Islands
Scotland
England

key_organizations:
Glendower Capital
DB Secondary Opportunities Fund
Deutsche Asset Management
Office of Foreign Assets Control
U.S. Treasury Department
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 partners, team investment, total value, TVPI, and various legal and tax considerations.

key_locations:
United States of America
United Kingdom

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


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

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

key_organizations:
Glendower Capital
SOF Funds


document_description: This document is a Confidential Private Placement Memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes performance information prepared by Deutsche Alternative Asset Management (Global) Limited (DAAM(G)L) for the SOF Funds and related transactions. The document discusses the use of leverage, performance comparisons, and the responsibilities of the Manager in using this information. It also includes forward-looking statements and notes that past performance is not indicative of future results.


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 - Appendix 6 Directory

document_subtype: Directory

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


document_description: The document proposes the individuals who will comprise the board of directors of the General Partner for Glendower Capital Secondary Opportunities Fund IV, LP. It includes detailed profiles of Alan Turner, Andrew Johnson, Kirsten Le Pape, and Vanessa Barrett, highlighting their professional backgrounds and roles.

title: Appendix 7 Board of Directors of the General Partner

key_people:
Alan Turner
Andrew Johnson
Kirsten Le Pape
Vanessa Barrett

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

document_subtype: Board of Directors Proposal

key_organizations: Cayman Islands Institute of Professional Accountants


document_description: This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP. It includes contact information for Glendower Capital in the U.S. and Europe, as well as for the global placement agent, Credit Suisse Asset Management Limited.

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

key_locations:
New York, NY, United States
London, United Kingdom

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


document_description: The document contains confidential information related to an abstract composition image with black and gray areas separated by a diagonal line. It includes several reference codes and is marked as confidential under Federal Criminal Procedure.


document_description: This document is marked as confidential under Federal Rule of Criminal Procedure 6(e) and contains identifiers related to legal proceedings or investigations.


document_description: The document is a disclosure statement outlining 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.

title: Disclosure Statement for Deutsche Bank Securities Inc.

document_subtype: Disclosure Statement


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

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


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

document_subtype: confidential document


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

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

document_subtype: Limited Partner Subscription Agreement


document_description: 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 become a limited partner in the partnership, which aims to invest in Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund limited partnership. The minimum subscription amount is $250,000.

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

key_organizations: Glendower Access Secondary Opportunities IV GP LLC


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

document_subtype: Investment Agreement

key_organizations:
Partnership
General Partner


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

key_organizations:
Partnership
General Partner
Investment Manager
Underlying Fund


document_description: This document outlines the terms and conditions for an investor's capital contribution to a partnership. It includes clauses on full contribution, exhibits, liquidity needs, investment objectives, securities laws, and regulatory matters related to the U.S. Commodity Futures Trading Commission (CFTC).


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

document_subtype: Partnership Agreement


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

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

key_organizations: Her Majesty's Treasury of the United Kingdom


document_description: 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 investors. It also includes provisions for notifying the General Partner about potential disclosures.

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


document_description: The document outlines the terms of a Partnership Agreement, emphasizing compliance with governing laws and the responsibilities of the General Partner and Investor. It clarifies that the General Partner has discretion over investment decisions and that neither the General Partner nor iCapital Securities, LLC provides investment advice. The Investor Fiduciary is responsible for independent judgment and decision-making regarding investments. The document also highlights the importance of understanding the Partnership's governing documents, investment objectives, and associated 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. The document 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. It ensures compliance with legal and organizational requirements and provides the Investor Fiduciary the opportunity to discuss the investment with the General Partner.


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

document_subtype: investment 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.

key_organizations:
Department of Labor
ERISA


document_description: This document outlines the terms and conditions for the sale and purchase of an interest in a partnership, including capital contributions, agreements with other limited partners, and representations and warranties of the partnership and the general partner. It 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: Acknowledgement of receipt and review of the Supplement to the Private Placement Memorandum, detailing fees related to an investment. Includes an upfront placement fee agreement and investor signature page.

document_subtype: Fee Acknowledgement


document_description: A form for prospective investors to complete, indicating whether they are investing as an individual or entity, and whether they are a U.S. person. The form requires personal or entity information such as type, address, and tax identification number.

document_subtype: investment form


document_description: The document contains information about an individual named Ian Slome, including fields for employment status, employer, occupation, and tax year end, all of which are empty. It also includes a section about FOIA Partner status with a reference to an agreement section for definition. The document is marked as proprietary and confidential.


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

document_subtype: General Partner Signature Page


document_description: Wire instructions for initial capital contribution and distributions for an investment partnership. Details required for beneficiary and intermediary banks, as well as source of funds.

document_subtype: wire instructions


document_description: A form for investors to provide contact information for their financial advisor and additional individuals to receive correspondence related to their investment in the Partnership or iCapital Network.

document_subtype: investment communication

key_organizations:
Partnership
iCapital Network


document_description: The document contains placeholders for personal information related to an investor, with fields for name, relationship to investor, email, and phone left empty. It is marked as proprietary and confidential, and is subject to confidentiality under Federal Rule of Criminal Procedure 6(e).


document_description: This document is a form for entities such as partnerships, trusts, and corporations to declare their accredited investor status. It includes various categories under which an entity can qualify as an accredited investor according to Rule 501(a) of Regulation D under the Securities Act.

title: Exhibit C - Accredited Investor Status

document_subtype: Accredited Investor Status Form

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


document_description: The document appears to be related to investment criteria for employee benefit plans and entities with accredited investors. It references the Employee Retirement Income Security Act of 1974 and outlines conditions under which a plan or entity qualifies based on asset size and decision-making authority.


document_description: This document is an investment questionnaire for an entity referred to as 'The Investor.' It includes questions about the Investor's status as a qualified purchaser, its classification under the Investment Company Act, and its management as a collective investment vehicle. The document also inquires whether the Investor was formed for the specific purpose of acquiring an interest in a partnership.

document_subtype: investment questionnaire


document_description: This document is an investment questionnaire for an investor named Ian Slome. 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 investors to confirm their status and obligations under ERISA and related laws.

title: Plan Investor Representations

document_subtype: Investor Representation Agreement

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


document_description: This document is an investment agreement related to a Plan Investor's involvement with a Partnership. It includes questions about the investor's status as an employee benefit plan organized outside the U.S. and representations and warranties if answered 'Yes'. It outlines the independence of investment decisions from the General Partner or Administrator and compliance with governing instruments and laws.

key_organizations:
General Partner
Administrator
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


document_description: This document outlines the terms and conditions for the Glendower Access Secondary Opportunities Fund IV (U.S.), L.P. and its investment strategy into the Glendower Capital Secondary Opportunities Fund IV, L.P. It includes details on fund structure, minimum commitments, fund terms, capital calls, reporting, fees, and carried interest for both the Access Fund and the Underlying Fund.

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

key_people: Glendower Access Secondary Opportunities IV GP LLG

key_locations: Delaware England

document_subtype: Investment Fund Terms

key_organizations:
iCapital Network
DBSI


document_description: The document is an informational presentation for potential investors in the Glendower Access Secondary Opportunities IV (U.S.), LP, and the Underlying Fund. It outlines the fees, expenses, and risks associated with investing in the Access Fund, emphasizing that investors will experience lower returns compared to direct investment in the Underlying Fund due to additional fees. The document also highlights the high-risk nature of the investment, potential conflicts of interest, and the confidentiality of the information provided.

key_people:
General Partner
Advisory Committee

document_subtype: investment presentation

key_organizations:
Glendower Capital, LLP
iCapital Advisors, LLC
DBSI


document_description: The document provides information about the Glendower Access Secondary Opportunities IV (U.S.), L.P., highlighting the risks and fees associated with investing in the Access Fund compared to the Underlying Fund. It warns of lower returns due to additional fees and expenses, and outlines the speculative nature and risks of alternative investments. It also clarifies the lack of direct interest or voting rights for investors in the Underlying Fund.

document_subtype: investment fund information


document_description: The document outlines the offering for Glendower Capital Secondary Opportunities Fund IV, LP, a private equity secondary fund. It details the fund's strategy, track record, and key terms, including a target size of US$1.75 billion, a 4-year investment period, and a 7-year term with extensions. The fund aims to build a diversified portfolio of seasoned funds and co-investments, seeking value through fundamental analysis. The document is intended for accredited investors and qualified purchasers only.

title: Glendower Capital Secondary Opportunities Fund IV, LP Offering

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

key_locations:
London
New York

document_subtype: Investment Offering

key_organizations:
Glendower Capital
Deutsche Asset Management


document_description: The document outlines Glendower Capital's investment strategy, focusing on fund secondaries, GP-led secondaries, and single asset deals. It describes the opportunistic barbell approach to portfolio construction, emphasizing discounted fund secondaries during market corrections and less competitive GP-led secondaries during normalized conditions. The document also highlights the investment team's experience and structure.

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


document_description: This document is a confidential presentation by Glendower Capital, LLP, intended for a limited number of sophisticated recipients. It provides summary information about existing and future funds managed by Glendower, specifically the Glendower Capital Secondary Opportunities Fund IV, LP. The presentation is not an offer to sell or a solicitation to buy any securities and emphasizes the confidentiality and risks associated with the investment. It also outlines the relationship with Credit Suisse as the Fund's placement agent and the potential conflicts of interest. The document stresses that past performance is not indicative of future results and that the information has not been independently verified.

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

document_subtype: confidential presentation

key_organizations:
Glendower Capital LLP
Mirabella Advisers LLP
Credit Suisse Asset Management Limited


document_description: This document is a confidential presentation for prospective investors in Glendower Capital SOF IV, L.P. It includes disclaimers about forward-looking statements, investment risks, and performance metrics. The document outlines the history of the Glendower SOF Team, their spin-off from Deutsche Bank, and their track record. It also provides detailed information on investment performance metrics such as IRR, DPI, RVPI, and TVPI, and discusses the valuation of unrealized investments.

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

key_people:
Ian Slone
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 various countries regarding the distribution and offering of securities and investment products. It specifies the legal limitations and requirements for offering such products 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 restrictions applicable in each jurisdiction.

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

document_subtype: legal disclaimer

key_organizations: National Banking and Securities Commission

key_organizations: Commission de Controle des Activités Financières


document_description: This document contains legal disclaimers and confidentiality notices for Glendower Capital SOF IV, L.P. It specifies that the presentation does not constitute an offer or solicitation in St. Kitts and Nevis, UAE, or the USA. It highlights the lack of registration with regulatory authorities in these regions and advises investors to consult legal or financial advisors. The document emphasizes the risks involved in investing, including the potential loss of the entire investment, and notes that the fund will not be registered as an investment company under the Investment Company Act.

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

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

document_subtype: Legal Disclaimer


document_description: This document is a supplemental disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas, acting as a solicitation agent for a fund. It outlines the nature of the information provided, disclaimers regarding the accuracy and completeness of the information, and the risks associated with the securities described. It also clarifies that Deutsche Bank does not provide accounting, tax, or legal advice and authorizes the recipient to disclose the structure and tax aspects of the potential transaction.

title: Supplemental Disclosure by Deutsche Bank

document_subtype: disclosure

key_organizations:
Deutsche Bank
Deutsche Bank Securities Inc.
Deutsche Bank Trust Company Americas


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

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

document_date: April 2018

document_subtype: investment overview


document_description: This document is a presentation for informational and discussion purposes regarding Glendower Capital Secondary Opportunities Fund IV, LP and Glendower Access Secondary Opportunities IV (U.S.), L.P. It is not legal, tax, or investment advice and should not be relied upon as such. The presentation emphasizes the high-risk nature of the investment, potential conflicts of interest, and the importance of consulting the Offering Memorandum for detailed information. It also highlights that past performance is not indicative of future results and that actual returns may be lower due to fees and expenses.

document_subtype: presentation


document_description: The document provides information about the Access Fund, highlighting the risks and characteristics of alternative investments. It emphasizes that historical returns do not include fees and expenses, and benchmarks are for illustrative purposes only. The document outlines the risks associated with alternative investments, such as loss of investment, lack of liquidity, volatility, and complex tax structures. It also clarifies the relationship between purchasers of interests in the Access Fund and the Underlying Fund, noting that purchasers have no direct interest or voting rights in the Underlying Fund.

document_subtype: investment information

key_organizations:
Access Fund
iCapital Advisors, LLC
Institutional Capital Network, Inc.
iCapital Network
U.S. Securities and Exchange Commission


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

title: Summary of Key Terms for Access Fund

document_subtype: Investment Fund Summary

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


document_description: This document outlines the key terms for investors in the Access Fund, including fees, expenses, and performance compensation. It highlights the differences in returns for investors in the Access Fund versus direct investors in the Underlying Fund. It also details the management fee distribution between iCapital Advisors and DBSI, and the conditions under which investors can invest directly into the Underlying Fund.

title: Summary of Key Terms for Access Fund

document_subtype: summary

key_organizations:
DBSI
iCapital Advisors
Glendower Capital, LLP


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

title: Glendower Capital Secondary Opportunities Fund IV, LP 2nd Quarter 2018

document_subtype: investment fund document


document_description: The document explains the concept of secondary private equity investments, which involve investing in existing PE-backed companies, typically through the purchase of fund interests. It highlights the complexities and inefficiencies of secondary transactions due to the absence of trading markets and the need for expertise. The secondary PE market has evolved to include the sale and purchase of Limited Partner interests, direct PE investments, and bespoke liquidity solutions for General Partners.

document_subtype: memo


document_description: The document discusses the benefits of secondary private equity investing, highlighting the attractiveness of secondary opportunities. It outlines how secondaries can lead to earlier cash flows, pricing flexibility, mitigation of blind pool risk, mitigation of the J-curve, and complement portfolio construction. The document includes a table and a hypothetical graph illustrating the timing of secondary transactions and cash flows.

title: Benefits of Secondary Private Equity Investing


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

title: Glendower Capital Document


document_description: Glendower Capital is an independent investment team active in the secondary market since 2003. The team spun off from Deutsche Bank in 2017 and is privately owned by its partners. It manages US$3 billion in client assets with offices in London and New York. The team has invested in over 350 fund interests across 90 deals and has developed integrated operational processes over 10 years.

title: Glendower Capital Overview

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

key_organizations:
Glendower Capital
Deutsche Bank


document_description: The document provides a detailed performance report of the SOF Funds managed by Glendower Capital as of September 30, 2017. It includes information on fund vintages, sizes, transaction numbers, gross and net multiples, IRR, and net distributed values. The report emphasizes that past performance is not indicative of future results and includes a note on currency conversion for Euro-denominated funds.

title: SOF Funds Performance as of September 30, 2017

document_subtype: financial report


document_description: The document compares the performance of SOF Funds against the Cambridge Associates buyout top-quartile benchmark, highlighting the Net IRR and TVPI/DPI metrics for various vintage years. It emphasizes the buyout-like returns with a secondary risk profile and the compelling risk/reward profile of the SOF Funds.

title: SOF Funds Performance Report

document_subtype: financial performance report

key_organizations:
Cambridge Associates
Glendower Capital


document_description: The document compares the performance of SOF Funds to major public market indices as of September 30, 2017. It includes performance data for various SOF Funds and indices such as MSCI World, Russell 2000, and Thomson Reuters. The document emphasizes that past performance is not indicative of future results and provides a methodology for calculating performance metrics.

title: SOF Program Performance Comparison

document_subtype: performance report


document_description: The document provides an overview of the performance of SOF, SOF II, and SOF III funds across different fund sizes, vintages, and economic cycles. It includes metrics such as Net Contributed Capital, Net IRR, DPI, and TVPI over various quarters from inception. The performance figures are based on unaudited results as of September 30, 2017, and emphasize that past performance is not indicative of future results.

title: SOF Funds Performance Overview


document_description: This document contains an introduction, details about Glendower's investment strategy, a secondary market update, updates on SOF III and IV, key terms for the Glendower Capital Secondary Opportunities Fund IV, and an appendix.

title: Glendower Capital Document


document_description: The document provides a market segmentation analysis of secondary funds raised or in fundraising from 1996 to 2018. It categorizes funds into three groups based on characteristics and number of players: Levered beta play (L), Alpha play (M), and Low barriers to entry (S). The analysis includes a chart with fund size on a logarithmic scale and bubble sizes representing fund sizes. Glendower Capital funds are highlighted with black bubbles.

title: Glendower Capital Market Segmentation Analysis

document_subtype: market analysis


document_description: The document outlines Glendower's distinctive investment strategy, focusing on disciplined bottom-up underwriting of attractive assets managed by quality managers. It details their approach to sourcing less competitive deals globally, pursuing a selective value approach, buying with a margin of safety, and focusing on efficient portfolio construction.

title: Glendower Investment Strategy


document_description: The document discusses GP-led transactions and their evolution over the years, highlighting the advantages they offer over traditional LP interest acquisitions. It emphasizes the proactive role of quality managers in providing liquidity options to LPs and the extensive due diligence conducted by Glendower Capital. The memo also outlines the bespoke design of new funds to align interests between GPs and Glendower, and the limited use of leverage in these transactions.


document_description: The document outlines Glendower Capital's investment strategy, sourcing process, and deal experience. It highlights their extensive industry network, proactive approach to engaging with potential sellers, and significant experience in buy and sell-side transactions. The document also provides statistics on deals screened and completed since 2007.

title: Glendower Capital Investment Overview

document_subtype: business presentation

key_organizations:
Glendower Capital
DB Wealth Management
Raymond James
Alex Brown


document_description: This document provides a summary of fund secondaries transactions, including deal sizes, discounts, and descriptions of various projects/funds. It includes information on sellers, regions, and specific details about the transactions.

title: Fund Secondaries Transactions - Illustrative Case Studies

document_subtype: financial transaction summary


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

title: Glendower Capital Document


document_description: The document provides an analysis of secondary market volumes from 2006 to 2018, with a forecast for 2018. It highlights that secondary market volume remains at record levels, with GP-led transactions representing 25% of the volume. The forecast for 2018 is over US$60 billion.

title: Secondary Market Volume Analysis

key_organizations:
Glendower Capital
Greenhill GP Solutions
Dow Jones Private Equity Analyst


document_description: The document provides an analysis of secondary market pricing for private equity fund interests, highlighting stable pricing trends from 2011 to 2017, following a bubble period in 2006-2007 and a crisis period in 2008-2010. It includes a table showing secondary market volume and pricing as a percentage of NAV from 2005 to 2017.

title: Secondary Market Pricing Analysis

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


document_description: The document provides an analysis of the secondary market capitalization, highlighting a balanced capital supply with a focus on dry powder and annual deal volume. It includes estimates from Glendower Capital and references to secondary pricing trends and reports from Greenhill and Bain & Company.

title: Glendower Capital Secondary Market Analysis

document_subtype: financial analysis

key_organizations:
Glendower Capital
Greenhill
Bain & Company


document_description: The document lists 28 General Partners (GPs) representing approximately 90% of SOF III's current exposure based on Fair Market Value as of September 30, 2017. It includes various investment firms and capital partners.

title: SOF III Portfolio - Sponsor Exposure

document_subtype: financial portfolio

key_organizations:
Gilde
KKR
NAVIS
HIGHSTAR CAPITAL
CENTRE
Bridgepoint
NEUBERGER BERMAN
TDR Capital
LANE
LONG POINT CAPITAL
GMT
COLONY
NORTHSTAR
DUKE STREET
ASTRA
HOSPITAL DIAGNOSTIC
Quadrangle
Morgan Stanley
STAGE
ARCO REAL ESTATE
CANTAL
TURKVEN
UNLU & Co
SMITHFIELD
TCV
Zurmont Madison
ENHANCED EQUITY
octopus ventures
AUGENS
Amadeus Capital Partners
Palamon Capital Partners
Glendower Capital


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

title: SOF IV - Project Sunrise

document_subtype: investment summary


document_description: This document outlines an exclusive GP-led secondary deal for Project Klein, expected to close in June 2018. It involves a mid-market buyout strategy focusing on Europe/UK, with investments in business services and healthcare services. The transaction includes four companies, with key investments in a UK premium distributor and a network of UK medical and cosmetics clinics. The document highlights the investment rationale and Glendower Capital's approach to the transaction.

title: SOF IV — Project Klein

document_date: June 2018

key_locations: Europe UK


document_description: A scorecard evaluating SOF IV against key ILPA 2 principles, focusing on alignment of interest, governance, and transparency.

title: SOF IV - ILPA 2 Scorecard

document_subtype: scorecard

key_organizations: Institutional Limited Partner Association


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

title: Glendower Capital Document


document_description: This document provides biographies of key team members at Glendower Capital, including their roles, previous experience, and educational background.

title: Team Bios

key_people:
Deirdre Davies
Joshua Glaser
Emilio Olmos
Francesco Rigamonti

key_locations:
London
New York
Southern Europe
Middle East
Asia
Abu Dhabi
Milan
Italy
South Africa
University of South Africa
Tufts University
HEC Paris
Polytechnic University of Madrid
University of Chicago Booth
Milan University

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


document_description: This document provides biographies of key team members at Glendower Capital, detailing their professional backgrounds and educational qualifications. The team members include Rikesh Mohandoss, Devrup Banerjee, Aldrich Chan, and Philippe Ferneini, all of whom have significant experience in secondary investments and have worked at major financial institutions such as Deutsche Bank, Goldman Sachs, and Credit Suisse.

title: Glendower Capital Team Bios

key_people:
Rikesh Mohandoss
Devrup Banerjee
Aldrich Chan
Philippe Ferneini

key_locations:
New York
London

document_subtype: team bios

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


document_description: This document provides biographical information on key team members of Glendower Capital, including their educational background and professional experience. The team members listed are Victoria Loidl, Elena Smirnova, Jonathan Roome, and Douglas O'Connell, all of whom have experience in secondary investments and have previously worked at Deutsche Bank and other financial institutions.

title: Glendower Capital Team Bios

key_people:
Victoria Loidl
Elena Smirnova
Jonathan Roome
Douglas O'Connell

key_organizations: Carnegie Mellon's Tepper School of Business


document_description: Team bios for members of Glendower Capital, including Rafael Enriquez-Hesles, Sheldon Lee, Katherine Weaver, and Louise Schoeman. The document provides their roles, previous experience, and educational background.

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

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


document_description: This document provides key information about the SOF III fund, including its first and final closing date, fund size, number of investors, and the regional and type distribution of investors. It also details the size of individual commitments by investors.

title: SOF III Investor Base Information

key_organizations:
Deutsche Bank
Glendower Capital


document_description: This document provides a detailed transaction summary for SOF III as of September 30, 2017, including project names, sourcing, seller types, deal types, funds, invested and funded capital, initial closing dates, gross multiples, and portfolio details.

title: Overall transaction summary as of September 30, 2017

document_subtype: transaction summary


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

title: Remaining portfolio construction by FMV1

document_subtype: financial overview


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

key_locations: US Europe Asia

document_subtype: financial summary


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 outlines the risks, illiquidity, and potential conflicts of interest associated with investing in the Fund. The presentation is not an offer to sell or solicit securities and emphasizes the importance of consulting offering documents for detailed information.

document_subtype: presentation

key_organizations:
Glendower Capital, LLP
Credit Suisse Asset Management Limited


document_description: This document is a presentation by Glendower Capital regarding a fund's investment strategy, performance expectations, and associated risks. It emphasizes that past performance is not indicative of future results and outlines the potential risks and lack of guarantees in achieving investment objectives. The presentation also disclaims liability for the accuracy of information and forward-looking statements, and it advises prospective investors to consider the offering documents for conflicts of interest and risk factors.

document_subtype: investment presentation

key_organizations:
Glendower Capital
Credit Suisse


document_description: The document provides key definitions related to investment terms and fund structures, specifically focusing on private equity investments and secondary opportunities. It includes definitions for terms such as 'Single Asset Deal', 'Fund Secondary', 'GP-led Secondary', and various fund names like 'SOF', 'SOF D', 'SOF II', and 'SOF III'. It also defines financial indices like the Russell 2000 Index, MSCI World Index, and Thomson Reuters Private Equity Buyout Index.

key_organizations:
DB Secondary Opportunities Fund
Glendower Capital
FTSE Russell
London Stock Exchange Group


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

key_locations:
Brunei
Canada
Cayman Islands
Chile
China
Colombia
France
Guernsey
Haiti


document_description: This document provides important information for recipients in Hong Kong and Israel regarding investment offerings. It outlines the legal restrictions and requirements for offering securities in these jurisdictions, emphasizing that the presentation is not approved by local securities authorities and is intended for 'professional' or 'sophisticated' investors only. It also specifies the conditions under which the presentation can be distributed and the qualifications required for investors to be considered 'sophisticated.'

key_locations:
Hong Kong
Israel

key_organizations: Securities and Futures Commission of Hong Kong


document_description: This document provides important information for recipients in various jurisdictions regarding the offering and sale of financial interests and investments. It outlines the legal restrictions and requirements for offering or selling these interests in Japan, Malaysia, Mexico, Monaco, New Zealand, and the Sultanate of Oman. The document emphasizes compliance with local laws and regulations and specifies the entities authorized to distribute the material in each jurisdiction.

key_locations:
Japan
Malaysia
Mexico
Monaco
New Zealand
Sultanate of Oman

document_subtype: legal notice

key_organizations: Credit Suisse Securities (Japan) Limited

key_organizations: Type II Financial Instruments Firms Association

key_organizations: National Banking and Securities Commission

key_organizations: Commission de Contrôle des Activités Financières

reference_numbers: Director-General of Kanto Local Finance Bureau (Kinsho) No 66

reference_numbers: Commercial Companies Law of Oman (Royal Decree 4174)

reference_numbers: Capital Market Law of Oman (Royal Decree 80;98)


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

key_locations:
Qatar
Saudi Arabia
Singapore
South Korea
Switzerland
Geneva

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


document_description: This document is a presentation by Glendower Capital providing important information for recipients in certain jurisdictions regarding investment in a fund. It outlines the legal and regulatory considerations for investors in St. Kitts and Nevis, UAE (Abu Dhabi/Dubai), and the United States. The presentation emphasizes that the fund is not registered with any regulatory authority in these regions and highlights the risks involved in investing, including the potential loss of the entire investment. It also notes that the fund will not be registered under the Securities Act or the Investment Company Act, and there will be restrictions on transferability and resale of interests.

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


document_description: Supplemental disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas, acting as a solicitation agent for a fund. The document advises recipients to independently assess the appropriateness of transactions and highlights that securities are not insured by the FDIC and involve investment risks. It also mentions potential compensation arrangements and clarifies that Deutsche Bank does not provide accounting, tax, or legal advice.

document_subtype: disclosure

key_organizations:
Deutsche Bank Securities Inc.
Deutsche Bank Trust Company Americas


document_description: A letter from Deutsche Bank requesting consent to share personal information with iCapital Parties for a fund investment managed by iCapital Advisors, LLC. The letter outlines the information required from the client, whether a natural person or a corporate structure/trust, for verification of identity and financial condition.

title: Letter of Authorization for Fund Investment

document_subtype: Letter of Authorization

key_organizations:
iCapital Advisors, LLC
Deutsche Bank Securities Inc.


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

document_subtype: authorization form


document_description: The document contains financial information related to Ian Slome, including placement fee, initial capital contribution amount, and Deutsche Bank account number, all of which are empty.

document_subtype: bank document


document_description: This document is a supplement to the Confidential Private Placement Memorandum dated January 2018, related to the offering of limited partnership interests in Glendower Access Secondary Opportunities IV (US), L.P. It is intended for investors referred by Deutsche Bank Securities Inc.

title: Proprietary and Confidential — Supplement to the Confidential Private Placement Memorandum

document_subtype: Private Placement Memorandum Supplement

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

key_organizations: Glendower Capital Secondary Opportunities Fund IV, LP


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 information regarding Deutsche Bank Securities Inc.'s role as Placement Agent and related compensation and fees. The supplement modifies the original Memorandum where inconsistent and maintains confidentiality requirements.


document_description: Amendment to the 'Summary of Principal Terms of the Access Fund' in the Memorandum, detailing the Servicing Fee arrangement with Deutsche Bank Securities Inc. as a Placement Agent for the Access Fund. The Servicing Fee is structured based on the investment period and subscription amounts of DB Introduced Persons.

document_subtype: Memorandum Amendment

key_organizations:
Deutsche Bank Securities Inc.
Access Fund


document_description: The document outlines the placement fee structure for Deutsche Bank (DB) in relation to the Access Fund. It details the DB Placement Fee rates based on investment levels and the conditions under which these fees are applied. Additionally, it describes the Direct Investor Placement Fees for clients investing directly in the Underlying Fund and the associated risk factors and potential conflicts of interest for DB Introduced Persons.

document_subtype: Fee Schedule

key_organizations:
Deutsche Bank
Access Fund
Glendower GP
Glendower Capital, LLC


document_description: Instructions for completing Form W-9, including certification of TIN, backup withholding, and FATCA reporting requirements. It outlines the definition of a U.S. person, special rules for partnerships, and penalties for non-compliance.

title: Form W-9 Instructions

document_subtype: tax form instructions


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

title: Form W-9 Instructions


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

title: Form W-9 Instructions

key_organizations: IRS SSA

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


document_description: Instructions for completing Form W-9, including details on providing TINs for various account types and guidance on identity theft protection.

title: Form W-9 Instructions

key_organizations:
IRS
Taxpayer Advocate Service


document_description: The document provides information about IRS contact protocols, identity theft prevention, and the Privacy Act Notice related to the W-9 form. It emphasizes that the IRS does not initiate contact via email and advises on reporting suspicious emails. The Privacy Act Notice explains the requirement to provide a correct TIN and the potential uses of the information collected.

document_subtype: W-9 Form

key_organizations: Treasury Inspector General for Tax Administration


document_description: This document is an account agreement between Southern Financial LLC and Deutsche Bank Securities Inc. It outlines the terms and conditions governing the brokerage account, including client representations, rights of DBSI, cash account classification, order execution, and compliance with applicable laws.

title: Deutsche Asset & Wealth Management Account Agreement

key_locations: 6100 Red Hook Quarter B3, St Thomas, 00802

document_subtype: Account Agreement

key_organizations:
Deutsche Bank Securities Inc.
Southern Financial LLC
Pershing LLC


document_description: This document outlines the terms and conditions of an account agreement with Deutsche Bank Securities Inc. (DBSI). It covers various aspects such as the handling of the account in the event of an owner's death, non-disclosure of confidential information, third-party authorizations, limitations of liability, customer inquiries, and the right to terminate or amend the agreement. It also specifies that the agreement is governed by the laws of the State of New York and the United States.


document_description: Form W-9 is used to provide a correct taxpayer identification number (TIN) to a requester for reporting purposes. This form is filled by Southern Trust Company, Inc., classified as an S Corporation, with the business name Southern Financial LLC. The form includes certification under penalties of perjury regarding the correctness of the TIN and exemption from backup withholding.

title: Request for Taxpayer Identification Number and Certification

document_subtype: Form W-9

key_organizations:
Southern Trust Company, Inc.
Southern Financial LLC


document_description: This document is an account agreement acknowledgment signed by Jeffrey Epstein, confirming receipt and agreement to the terms and conditions, including a pre-dispute arbitration clause. It also includes tax and compliance responsibilities for both individual and entity accounts, with specific instructions for ERISA employee benefit plan clients.

document_subtype: account agreement

key_organizations:
DBSI
Southern Financial LLC


document_description: This document is an appendix to an account agreement, providing disclosures and definitions related to financial transactions and account management. It covers topics such as transaction confirmations, consent to loan or pledge securities, corrected and late trade reports, effects of account sequestration, foreign securities risks, prohibition of freeriding, impartial lottery allocation system, non-investment adviser capacity, and additional disclosures for non-U.S. residents.

title: Appendix to Account Agreement: Disclosures and Definitions

document_subtype: account agreement appendix

key_organizations: DBSI Pershing


document_description: This document outlines definitions related to a financial agreement involving DBSI and its clients. It includes terms such as 'Branch Supervisor', 'Cash Sweep Options', 'DBSI Privacy Statement', 'Party or Parties', 'Restricted Securities', and 'Securities and Other Property'.

document_subtype: contract


document_description: This document is a margin disclosure from Deutsche Bank Securities Inc. (DBSI) outlining the risks and terms associated with trading securities on margin. It explains the potential for loss, the rights of DBSI to sell securities or assets without notice, and the conditions under which margin calls are issued. It also covers the risks of short sales and the lending of securities used as collateral.

title: Margin Disclosure

document_subtype: disclosure document

key_organizations:
Deutsche Bank Securities Inc.
Pershing


document_description: This document is a Margin Addendum to an Account Agreement, outlining supplemental terms and conditions for opening a margin account. It covers mechanics and risks of margin, financing, interest and costs, demand loan terms, liens, consent to loan or pledge of securities, and margin maintenance. The addendum grants security interests and liens to DBSI and Pershing, and details the rights of these entities to manage collateral and securities.

title: Margin Addendum to Account Agreement

document_subtype: Margin Addendum

key_organizations:
DBSI
Pershing
Deutsche Bank


document_description: This document outlines the rights and obligations of OBSland Pershing and the Client regarding securities transactions, including short sales, margin requirements, and tax implications. It details the procedures for handling short sales, mandatory close-outs, and the tax treatment of earnings on pledged municipal securities. The document also covers the rehypothecation of margined shares and the associated tax consequences, as well as additional risks and collection remedies.

key_organizations:
OBSland Pershing
DBSI


document_description: This document is a margin agreement acknowledging the client's receipt, reading, and agreement to the terms, including a pre-dispute arbitration clause. It includes sections for individual or joint account signatures and confirmation of authority to borrow for entities like corporations or trusts. The document is associated with Southern Financial LLC and includes a signature from Jeffrey Epstein as an authorized party.

document_subtype: Margin Agreement


document_description: This document is an account agreement between Southern Trust Company, Inc. and Deutsche Bank Securities Inc. It outlines the terms and conditions governing the brokerage account, including client representations, rights of DBSI, cash account classification, order execution, and compliance with applicable laws.

key_organizations:
Deutsche Bank Securities Inc.
Southern Trust Company, Inc.
Pershing LLC


document_description: This document outlines the terms and conditions for the purchase and sale of securities through DBSI. It includes clauses on cash account requirements, restrictions on trading, handling of restricted securities, order placement and cancellation, aggregation of orders, transmission of instructions, the role of third parties, and liens on securities and other property. The document specifies the rights and responsibilities of the client and DBSI, including the handling of unpaid balances, interest charges, and the role of third-party clearing agent Pershing.


document_description: This document outlines the terms and conditions of an account agreement with DBSI, including clauses on satisfaction of indebtedness, fees, FDIC insurance, cash sweep selection, credit information, confirmations, recording conversations, and joint accounts. It specifies the client's obligations, rights, and the bank's policies regarding account management.

key_organizations: Federal Deposit Insurance Corporation (FDIC)


document_description: This document outlines the terms and conditions of an account agreement with Deutsche Bank Securities Inc. (DBSI). It covers various aspects such as the procedure in the event of an account owner's death, non-disclosure of confidential information, third-party authorizations, limitations of liability, customer inquiries, and the right to terminate or amend the agreement. It also specifies that the agreement is governed by the laws of the State of New York and the United States.


document_description: This document outlines the pre-dispute arbitration agreement between the Client, DBSI, and Pershing. It specifies that all parties waive the right to sue each other in court, except as allowed by arbitration forum rules or applicable law. Arbitration awards are generally final, and the ability to obtain documents and witness statements is limited compared to court proceedings. The document also details the arbitration process, including the selection of arbitration forums and the application of the Federal Arbitration Act and New York State laws.

key_people: Client DBSI Pershing

document_subtype: arbitration agreement

key_organizations:
DBSI
Pershing
FINRA
Deutsche Bank Securities Inc.


document_description: Form W-9 for Southern Trust Company, Inc, an S Corporation, providing taxpayer identification information and certification for tax purposes.


document_description: This document is a tax election/declaration form for U.S. and Non-U.S. persons, including a W9 substitute request for taxpayer identification number and certification. It includes sections for U.S. citizens/resident aliens and non-U.S. persons, with instructions for certification and signature.

document_subtype: Tax Election/Declaration

key_organizations:
DBSI
Internal Revenue Service