Epstein Secrets

and (iii) co-investments in individual portfolio companies alongside private equity 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

GLDUS138 Ian Slome Section 1: Executive Summary Glendower Capital Secondary Opportunities Fund IV. LP Executive Summary Overview Glendower Capital Secondary Opport

vestment Committee of the Fund will consist solely of individuals from Glendower Capital. • Deutsche Bank will not be involved in the management of SOF IV. or any future funds managed or advised by Glendower Capital. Accordingly. Deutsche Bank will not receive any carried interest or general partners s

GLDUS138 Ian Slome Section 1: Executive Summary Glendower Capital Secondary Opportunities Fund IV. LP • Leverages informational advantage from relationships with ov

directors. Bnef biographies of the proposed directors of the General Partner are set out in Appendix 7: Board of Directors of the General Partner. SOF IV will be managed and operated by Glendower Capital from within the UK. Glendower Capital is authorized as an AIFM by the FCA and will act as the AIFM

GLDUS138 Ian Slome Section 5 Fund Management Glendower Capital Secondary Opportunities Fund IV. LP Fund Management Glendower Capital Glendower Capital is an indepe

Secondary Opportunities Fund II, LP, a Scottish limited partnership. SOF III Secondary Opportunities Fund III. LP, an English limited partnership. SOF IV or the Fund Glendower Capital Secondary Opportunities Fund IV. LP. SOF Business Deutsche Asset Management's Secondaries Opportunities Fund investm

GLOUS138 Ian Slome Glendower Capital Secondary Opportunities Fund IV, LP PFICs As defined in Section 9: Certain Legal, ERISA and Tax Considerations. Push-Out Electi

performance of SOF. SOF D SOF or SOF III but mincluded to dernonsuate the track recall of the Glendower SOF learn and thew can be no assurance that SOF IV will achieve comparable rewills or that any target results will be attained See 'Importer* Information- and 'Notes to Investrriert Portonnww-e- sect

GLDUS138 Ian Slome SOF Program compares favourably to public markets Performance data as of September 30, 2017'-',•5 SOF Funds have delivered attractive performance c

GLDUS138 Ian Slome SOF IV ILPA 2 scorecard SOF IV      Key ILPA 2 Principles Alignment of interest - Best practice all-contribution-plus-preferred-return-back-

GLDUS138 Ian Slome SOF IV ILPA 2 scorecard SOF IV      Key ILPA 2 Principles Alignment of interest - Best practice all-contribution-plus-preferred-retu

s not a pediMron of future performance, but 0 a imludsei to demonstrae the Irac record of the Glendower SOF Team aril there can be no assurance that SOF IV will achieve comparable results or tint any target results will be achieved. PP Hoover fizesactirirs represent the inveStrne-ritt made by SOF via a

GLDUS138 Ian Slome SOF & SOF D Overall transaction summary as of September 30, 2017 Invested capital' Funded raw' : Initial Gross Project name Sourcing Seller t