This section of the document discusses legal, ERISA, and tax considerations for investors in the Glendower Capital Secondary Opportunities Fund IV, LP. It covers the 25% Test for Benefit Plan Investors under ERISA, Form 5500 reporting requirements, and U.S. federal income tax considerations for the Fund, which is treated as a partnership for tax purposes. The document also mentions the new partnership audit rules under the Bipartisan Budget Act of 2015.
documents/vol00010-efta01355043-pdf.pdf
{"title":"Certain Legal, ERISA and Tax Considerations","document_type":"legal","document_subtype":"Private Placement Memorandum","key_organizations":["Glendower Capital Secondary Opportunities Fund IV, LP","Pacific Lite Insurance Co"],"reference_numbers":["Section 4975","Form 5500"]}