This document outlines the legal and ERISA 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, and the implications of ERISA for fiduciaries considering investment in the fund. The document highlights the fiduciary duties under ERISA, the prudence and diversification requirements, and the potential for prohibited transactions. It also explains the conditions under which plan assets are considered under ERISA regulations.
doj/DataSet10/EFTA01393678.pdf
{"title":"Glendower Capital Secondary Opportunities Fund IV, LP - Legal and ERISA Considerations","key_people":["Manager","General Partner"],"document_type":"legal","document_subtype":"Legal 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"]}