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al, is owned by various persons, including certain management persons and employees of iCapital. none of which own 25% or more of the corporation. Michael Stanton is iCapital's Chief Compliance Officer ("CCO"). Item 5: Fees and Compensation Management Fee for the Funds: iCapital will charge each Fund a manag

GLDUS138 Ian Slome iCapital Advisors, LLC Form ADV Part 2A make investments directly in certain equity securities recommended by a sub-adviser (a "Sub- Adviser") sel

ssion. All employees of iCapital Advisors are instructed to put client interest first at all times. Additional Compensation None Supervision Mr. Michael Stanton, iCapital's CCO, supervises Ms. Blalock for compliance purposes. Mr. Stanton's contact information can be located on the cover page to this ADV 2B.

GLDUS138 Ian Slome iCapital Advisors. LLC Form ADV Part 28 Eileen Duff Blalock Educational Background and Business Experience Ms. Blalock is a member of iCapital A

sion. All employees of iCapital Advisors are instructed to put client interest first at all times. Additional Compensation None. Supervision Mr. Michael Stanton, iCapital's CCO, supervises Mr. Veronis for compliance purposes. Mr. Stanton's contact information can be located on the cover page to this ADV 2B.

GLDUS138 Ian Slome iCapital Advisors. LLC Form ADV Part 28 Nicholas Veronis Educational Background and Business Experience Mr. Veronis is a member of iCapital Advi

sion. All employees of iCapital Advisors are instructed to put client interest first at all times. Additional Compensation None. Supervision Mr. Michael Stanton, iCapital's CCO. supervises Mr. Robertshaw for compliance purposes. Mr. Stanton's contact information can be located on the cover page to this ADV 2

GLDUS138 Ian Slome iCapital Advisors. LLC Form ADV Part 28 John C. Robertshaw Educational Background and Business Experience Mr. Robertshaw is a member of iCapital

alock, Phil Pool, John Robertshaw, Daniel Vene and Nicholas Veronis that supplements the iCapital Advisors, LLC's Form ADV Brochure. Please contact Michael Stanton, iCapital Advisors, LLC's Chief Compliance Officer, at I or by email at mstantoneicapitalnetwork.com if you did not receive iCapital Advisors, LLC's

GLIDUS138 Ian Slome FORM ADV PART 2B: Brochure Supplement iCapital Advisors, LLC 60 East 42"d Street, 26th Floor New York, NY 10165 March 30, 2018 This Brochure Su

instructed to put client interest first at all times. Additional Compensation Mr. Pool is compensated by First Avenue Partners. Supervision Mr. Michael Stanton. iCapital's CCO. supervises Mr. Pool for compliance purposes. Mr. Stanton's contact information can be located on the cover page to this ADV 2B. CO

GLDUS138 Ian Slome iCapital Advisors. LLC Form ADV Part 2B Phil Pool Educational Background and Business Experience Mr. Pool is a member of iCapital Advisor's inve

sion. All employees of iCapital Advisors are instructed to put client interest first at all times. Additional Compensation None. Supervision Mr. Michael Stanton, iCapital's CCO, supervises Mr. Vene for compliance purposes. Mr. Stanton's contact information can be located on the cover page to this ADV 2B. CO

GLDUS138 Ian Slome iCapital Advisors. LLC Form ADV Part 28 Daniel Vene Educational Background and Business Experience Mr. Vene is a member of Capital Advisor's inv

tner set forth on the List of Partners, as attorney-in-fact) By: Name: n\-1-OKAS Title: CO INITIAL LIMITED PARTNER (hereby withdrawing): Name: Michael Stanton Glendower Access Secondary Opportunities IV (U.S.), L.P. Amended and Restated Limited Partnership Agreement CONFIDENTIAL - PURSUANT TO FED. R. CRI

GLOUS138 Ian Slome Proprietary and Confidential IN WITNESS WHEREOF, the undersigned have executed this Amended and Restated Limited Partnership Agreement of Glendowe

Partner. As set forth in 12.2.1. As set forth in the introductory paragraph to this Agreement. As set forth in 3.3.1(a). As set forth in 6.1.2. Michael Stanton The Investment Company Act of 1940, as from time to time amended and in effect. Means iCapital Advisors, LLC, a Delaware limited liability company

GLDUS138 Ian Slome Proprietary and Confidential General Partner Indemnitee Initial Agreement Initial Closing Date Initial Drawdown Date Initial Limited Partner