The document is a confidential private placement memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines the history and strategy of the fund, including its spin-out from Deutsche Asset Management in 2017. The memorandum highlights the benefits of secondary market investing, such as capitalizing on information asymmetries and mitigating blind pool risk. It also discusses the favorable supply-demand balance in the secondary market and the stable pricing at approximately 90% of Fair Market Value since 2010.
documents/vol00010-efta01354669-pdf.pdf
{"title":"Glendower Capital Secondary Opportunities Fund IV, LP","key_people":["Glendower SOF Team"],"document_date":"2018","document_type":"financial","document_subtype":"Private Placement Memorandum","key_organizations":["Glendower Capital","Deutsche Asset Management"],"reference_numbers":["DB-SDNY-0039265","SDNY_GM_00185449","EFTA01354669"]}