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investment until the final liquidation and termination of the Partnership; (ii) that the Interest has not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any other jurisdiction, and therefore, cannot
ly comparable to the returns, if any, which may be achieved on investments made by the Partnership; (v) no United States federal, state or local or non-United States agency, governmental authority or other person has passed upon the Interests or the equity interests of the Underlying Fund or made any finding or
GLDUS127 Annandale Capital 1 Disclosure Statement Deutsche Bank Securities Inc. (the "Solicitation Agent"), Glendower Access Secondary Opportunities IV GP LLC ("Glendower"
dower Capital. Prior to Glendower, Adam spent ten years at Deutsche Bank where he was responsible for the secondary private equity business in the Americas and led the implementation and management of secondary transactions. Prior to joining Deutsche Bank, Adam led private equity secondary and co-inve
GLDUS127 Annandale Capital U.S. Securities Exchange Act of 1934. It is not expected that the Access Fund will be required to register the Interests under Section 12(g) or an
ower Capital Secondary Opportunities Fund IV, LP Section 1: Executive Summary Confidential Private Placement Memorandum 1 EFTA01397130 GLDUS127 Annandale Capital Section 1: Executive Summary Glendower Capital Secondary Opportunities Fund IV, LP Executive Summary Overview Glendower Capital Secondary Opport
does not include any bank that (i) is an affiliate of a depository institution, credit union, or foreign bank that maintains a physical presence in the United States or a foreign country, and (ii) is subject to supervision by a banking authority in the country regulating the affiliated depository institution, cr
GLDUS127 Annandale Capital (A) named on any prohibited lists maintained by the U.S. or UK government, including, but not limited to, the OFAC list of Specially Designated N
sponsible for fundraising for the secondary private equity business and managing fundraising processes for alternative investment products in the Americas. Before then. Joshua led fundraising and investor relations for Paul Capital's secondary private equity business and healthcare royalty program, s
GLOUS127 Annandale Capital Team Bios DEIRDRE DAVIES Partner Chief Operating Officer Deutsche Bank. ABN Amro, KPMG University of South Africa: CA ISA) Based in London.
re subject to investment risks, including possible invested. Further, the securities described in this presentation have not been registered under the United States Securities Act of 1933 or the Investment Company Act of 1940. We or persons associated with us may earn compensation from the fund described in th
GLDUS127 Annandale Capital GLENDOWER ACCESS SECONDARY OPPORTUNITIES FUND IV (U.S.), L.P. CONFIDENTIAL Glendower Access Secondary Opportunities IV (U.S.), L.P. will invest s
tal combined voting power or total value of the corporation's stock on any day during any taxable year. If the Access Fund invests in a CFC and is a United States Shareholder, its Limited Partners who are U.S. persons will be subject to tax under the CFC rules. As a result, each such Limited Partner must inc
RES OPTION CONTRACTS SUBJECT TO CFTC POSITION LIMITS WILL BE REQUIRED TO EFTA01397008 Proprietary and Confidential -viii EFTA01397009 GLDUS127 Annandale Capital AGGREGATE SUCH POSITIONS, FOR CFTC POSITION LIMIT AND LARGE TRADER REPORTING PURPOSES, WITH ANY DIRECT OR INDIRECT POSITIONS OF THE ACCESS FUND IN
untant (ACMA). Prior to Glendower, Adam spent 10 years at Deutsche Bank where he was responsible for the secondary private equity business in the Americas and led the implementation and management of secondary transactions. Prior to joining Deutsche Bank, Adam led private equity secondary and co-inve
GLDUS127 Annandale Capital CONFIDENTIAL Glendower Access Secondary Opportunities IV (U.S.), L.P. Overview April 2018 STRICTLY CONFIDENTIAL FOR INVESTMENT PROFESSIONAL AND
Entities connected to both United States and Annandale Capital

Prince Charles
PERSON
New York
LOCATION
Julie K. Brown
PERSONMaria Farmer
PERSON
Virginia Giuffre
PERSON
Samantha Power
PERSON
Deutsche Bank
ORGANIZATION
United Kingdom
LOCATION
Michael Douglas
PERSON
Middle East
LOCATION
U.S. Treasury
ORGANIZATIONDeutsche Bank Securities Inc.
ORGANIZATION
Puerto Rico
LOCATIONthe State of New York
LOCATIONthe Securities and Exchange Commission
ORGANIZATION
North America
LOCATION
Madison
LOCATION
Milan
LOCATION
Columbia University
LOCATION
Geneva
LOCATION