This document outlines the legal, ERISA, and tax considerations for the Glendower Capital Secondary Opportunities Fund IV, LP. It discusses exemptions from registration with the U.S. Commodity Futures Trading Commission (CFTC) for the Manager and General Partner under CFTC Regulation Section 4.13(a)(3). It also covers ERISA considerations for fiduciaries of employee benefit plans investing in the fund, including fiduciary duties, prudence, diversification, and prohibited transactions under ERISA and the U.S. Internal Revenue Code.
documents/vol00010-efta01353901-pdf.pdf
{"title":"Certain Legal, ERISA and Tax Considerations","key_people":["Manager","General Partner"],"document_type":"legal","document_subtype":"Legal and Regulatory Considerations","key_organizations":["Glendower Capital Secondary Opportunities Fund IV, LP","U.S. Commodity Futures Trading Commission","U.S. Department of Labor"],"reference_numbers":["CFTC Regulation Section 4.13(a)(3)","CFTC Regulation Section 5.1(m)","CFTC Regulation Section 190.01(x)","Section 404 of ERISA","Section 406 of ERISA","Section 4975 of the U.S. Internal Revenue Code","29 C.F.R. Section 2550.404a-1","Section 3(42) of ERISA"]}