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ty kind sponsors (each such co-investment, a 'Single Asset Dear). SOF IV will be the fourth dedicated secondary fund led by Carlo Pirzio-Biroli and Charles Smith (the 'Managing Partners") and invested by Glendower Capital's team of investment professionals. As described in *History (immediately below), this
GLDUS130 Aspen Grove Capital, LLC Section 1: Executive Summary Glendower Capital Secondary Opportunities Fund IV. LP Executive Summary Overview Glendower Capital Secondary O
d by the secondary opportunities team that spun-out from Deutsche Asset Management on August 1, 2017. The senior team led by Carlo Pirzio-Biroli and Charles Smith has worked together for 15 years at Deutsche Bank in its asset management division. The secondaries business. co-founded by Carlo and Charles in 200
GLDUS130 Aspen Grove Capital, LLC Section 5 Fund Management Glendower Capital Secondary Opportunities Fund IV. LP Fund Management Glendower Capital Glendower Capital is an i
blished operational processes - Integrated, self-contained processes - Developed by the Team over 10 years Team's history Carlo Pirzio-Biroli. Charles Smith. Chi Cheung, Deirdre Davies & Francesco Rigamonti start working together to Team Tearn Team restructure USS6bn raises raises raises Deut
GLDUS130 Aspen Grove Capital. LLC Glendower Capital Overview Established investment team active in the secondary market since 2003' Glendower Capital at a glance Independent
Entities connected to both Charles Smith and GLDUS130 Aspen Grove Capital

Prince Charles
PERSONGlendower
LOCATION
Deutsche Bank
ORGANIZATIONAdam Graev
PERSONChi Cheung
PERSONGlendower Capital
ORGANIZATIONSOF IV
ORGANIZATIONthe SOF Program
ORGANIZATIONAccess Fund
ORGANIZATION
United States
LOCATION
Credit Suisse
ORGANIZATIONSOF Team
ORGANIZATIONthe SOF Team
ORGANIZATIONCarlo Pirzio-Biroli
PERSONDeutsche Asset & Wealth Management
ORGANIZATIONSOF D. SOF II
ORGANIZATION
United Kingdom
LOCATION
North America
LOCATION
Bulgaria
LOCATIONthe Securities and Exchange Commission
ORGANIZATION