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GLOUS140 Lawrence Hirsch Disclosure Statement Deutsche Bank Securities Inc. (the "Solicitation Agent"), Glendower Access Secondary Opportunities IV GP LLC ("Glendower") and iCapital Advisors, LLC ("iCapital") have entered in
GLOUS140 Lawrence Hirsch Disclosure Statement Deutsche Bank Securities Inc. (the "Solicitation Agent"), Glendower Access Secondary Opportunities IV GP LLC ("Glendower") an
ESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. AN "ACCESS FUND" INTO GLENDOWER CAPITAL SECONDARY OPPORTUNITIES FUND IV, LP (For Investors referred by Deutsche Bank Securities Inc.) OFFERING OF LIMITED PARTNER INTERESTS April 2018 This supplement (the "Supplement') may only be distributed in conjunction with the Confidential
GLDUS140 Lawrence Hirsch Proprietary and Confidential — Supplement to the Confidential Private Placement Memorandum GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P
GLDUS140 Lawrence Hirsch Important information Supplemental Disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas (together with its affiliates, "Deutsche Bank," "us," "our," or "we") We have sent you this document in ou
GLDUS140 Lawrence Hirsch Important information Supplemental Disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas (together with its affilia
ion to the last page: Servicing Fee: The General Partner, the Investment Manager and the Access Funds have entered into a placement agreement with Deutsche Bank Securities Inc. (the -DRS! Placement Agreement"), pursuant to which DBSI or one or more of its affiliates ("Deutsche Bank") will act as a Placement Agent and refer
GLDUS140 Lawrence Hirsch Chances to Summary of Principal Terms of the Access Fund The information contained in the Memorandum under the heading "Summary of Principal Terms
r an interest in the alternative investment fund listed below (the "Fund") that is managed by iCapital Advisors, LLC (the "Manager") and offered by Deutsche Bank Securities Inc. ("Deutsche Bank") as placement agent, Deutsche Bank will be required to provide the Manager, the Fund or their affiliates, or the Fund's administrat
GLOUS140 Lawrence Hirsch Letter of Authorization for Fund Investment Dear Client: In connection with your subscription for an interest in the alternative investment fund
Entities connected to both Deutsche Bank Securities Inc. and Lawrence Hirsch

Lawrence Krauss
PERSONDeutsche Asset & Wealth Management
ORGANIZATION
Deutsche Bank
ORGANIZATION
United States
LOCATIONGlendower
LOCATIONAccess Fund
ORGANIZATION
Samantha Power
PERSONiCapital Advisors
ORGANIZATION
Julie K. Brown
PERSON
Prince Charles
PERSON
North America
LOCATIONthe Securities and Exchange Commission
ORGANIZATION
United Kingdom
LOCATIONGlendower Access Secondary Opportunities IV
ORGANIZATIONGlendower Capital
ORGANIZATIONthe Access Funds
ORGANIZATION
New York
LOCATIONThe Placement Fee
ORGANIZATIONiCapital
ORGANIZATIONSOF IV
ORGANIZATION