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otal 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 inclu
e 2017 Tax Legislation, the deferred earnings of certain foreign corporations will be deemed repatriated, and treated as if they were distributed to their United States Shareholders. Consequently, if the Access Fund invests in a foreign corporation and is a United States Shareholder, its Limited Partners who are U.
GLDUS130 Aspen Grove Capital, LLC Controlled Foreign Corporations. Special rules apply to U.S. persons who own, directly or indirectly and applying certain attribution rules, 1
ily 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
GLDUS130 Aspen Grove Capital, LLC (e) Investment Company Act Representations; Qualified Purchaser Status. The Investor acknowledges that (i) the Partnership is not being regis
GLDUS130 Aspen Grove Capital, LLC (A) is not a partnership, grantor trust, or Subchapter S corporation for United States federal income tax purposes: or (B) is a partnership, grantor trust, or Subchapter S corporation for United States federal income tax purposes, an
GLDUS130 Aspen Grove Capital, LLC (A) is not a partnership, grantor trust, or Subchapter S corporation for United States federal income tax purposes: or (B) is a partnership
viding Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, the criminal money laundering provisions set forth in Title 18 of the United States Code or any other applicable anti-money laundering laws or regulations, in each case as amended and any successor statute thereto and including all
GLDUS130 Aspen Grove Capital, LLC Investor receives from the Partnership will be used in any transaction or manner that is prohibited under Sanctions; and (C) no Sanctioned Par
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
GLDUS130 Aspen Grove Capital, LLC (A) named on any prohibited lists maintained by the U.S- or UK government, including, but not limited to, the OFAC list of Specially Designat
ts 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 b
GLDUS130 Aspen Grove Capital, LLC Partner may, in its sole discretion, choose not to commit up to 10% of the Limited Partners' subscriptions to the Partnership for investment i
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
GLDUS130 Aspen Grove Capital. LLC Team Bios DEIRDRE DAVIES Partner Chief Operating Officer Deutsche Bank. ABN Amro, KPMG 6Com. University of South Africa: CA (SA) Based
dower Capital. 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
GLDUS130 Aspen Grove Capital. LLC Team Bios CARLO PIR210-BIROLI Managing Partner Chief Executive Officer Deutsche Bank: CDB Web Tech: General Electric; The Boston Consulti
Entities connected to both United States and GLDUS130 Aspen Grove Capital

Prince Charles
PERSON
New York
LOCATION
Samantha Power
PERSON
Deutsche Bank
ORGANIZATION
United Kingdom
LOCATION
Michael Douglas
PERSON
Middle East
LOCATIONDeutsche Bank Securities Inc.
ORGANIZATIONthe Securities and Exchange Commission
ORGANIZATION
North America
LOCATION
European Union
ORGANIZATIONGlendower
LOCATIONGlendower Capital
ORGANIZATION
Credit Suisse
ORGANIZATION
Marla Maples
PERSONAccess Fund
ORGANIZATION
Cayman Islands
LOCATIONCalder
ORGANIZATIONDeutsche Asset & Wealth Management
ORGANIZATIONKeogh
ORGANIZATION