The document discusses the secondary market pricing trends from 2005 to 2017, highlighting the impact of cash flows between signing and closing, and mark-to-market pricing on effective discounts for buyers. It includes an analysis of the secondary market's recovery post-2009 and its stability at a 10% discount to NAV from 2014 onwards. The document references various market analyses and outlooks from Greenhill, Cogent Partners, and Dow Jones.
documents/vol00010-efta01364770-pdf.pdf
{"title":"Glendower Capital Secondary Opportunities Fund IV, LP","document_type":"financial","document_subtype":"Confidential Private Placement Memorandum","key_organizations":["Glendower Capital","Greenhill","Cogent Partners","Dow Jones"],"reference_numbers":["DB-SDNY-0055318","SDNY_GM_00201502","EFTA01364770"]}