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GLDUS125 Gerald Ford Section 4. Glendower Capital Secondary Opportunities Fund IV. LP Glendower Capital Secondary Opportunities Fund fV. LP cash flows between signing

tlook. July 2014, Cogent Partners Secondary Market Vpdate. Mardi 2009. and Dow Jones Private Equity Analyst Gude to the Secondary Market, June 2017 Conlidenhal Private Placement Memorandum 20 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0039282 CONFIDENTIAL SDNY_GM_00185466 EFTA01354686

GLDUS125 Gerald Ford Glendower Capital Secondary Opportunities Fund IV. LP has been made or will be made with respect to the solicitation of the application for the acq

All applicable provisions of the Securities Market Law must be complied with in respect of any sale, offer or distribution of, or intermediation in Conlidenhal Private Placement Memorandum 93 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0039355 CONFIDENTIAL SDNY GM_00185539 EFTA01354757

GLDUS125 Gerald Ford Glendower Capital Secondary Opportunities Fund N. LP governed by Colombian law. The Interests have not been and will not be registered with the Nat

Retail Client' for the purposes of, and as defined in. the DFSA Rulebook, or (ii) a Professional Client not able to make such minimum subscription. Conlidenhal Private Placement Memorandum 91 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0039353 CONFIDENTIAL SDNY GM_00185537 EFTA01354755