The document discusses legal, ERISA, and tax considerations for the Glendower Capital Secondary Opportunities Fund IV, LP. It outlines 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.
doj/DataSet10/EFTA01392472.pdf
{"title":"Glendower Capital Secondary Opportunities Fund IV, LP - Legal, ERISA and Tax Considerations","key_people":["Patrick Gerschel"],"document_type":"legal","document_subtype":"Private Placement Memorandum","key_organizations":["Glendower Capital Secondary Opportunities Fund IV, LP","U.S. Commodity Futures Trading Commission","U.S. Department of Labor"],"reference_numbers":["29 C.F.R. Section 2550.404a-1","Section 404 of ERISA","Section 406 of ERISA","Section 4975 of the U.S. Internal Revenue Code","Section 3(42) of ERISA"]}