This document is a section from the Confidential Private Placement Memorandum for Glendower Capital Secondary Opportunities Fund IV, LP. It outlines certain legal, ERISA, and tax considerations, including valuation methods, fair treatment of investors, liquidity management, and professional liability risk. The fund's valuations will be based on U.S. GAAP and ASC 820, with a valuation committee chaired by Deirdre Davies. The document also discusses the fund's closed-ended nature and lack of investor redemption rights, as well as the professional indemnity insurance held by Glendower.
doj/DataSet10/EFTA01389824.pdf
{"key_people":["Deirdre Davies"],"document_type":"legal","key_locations":["United Kingdom"],"document_subtype":"Confidential Private Placement Memorandum","key_organizations":["Glendower Capital","AIFMD"],"reference_numbers":["DB-SDNY-0094190","SDNY_GM_00240374","EFTA01389824"]}