The document discusses the financial dynamics of the Glendower Capital Secondary Opportunities Fund IV, LP, focusing on cash flows, market pricing, and historical trends in the secondary market from 2005 to 2017. It highlights the impact of market conditions on pricing and transaction volumes, noting a recovery in secondary market pricing post-2009 to a stable range of 10% discount to NAV from 2014 onwards.
documents/EFTA01390821.pdf
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