Epstein Secrets

ay be made in countries where generally accepted accounting standards and practices differ significantly from those practiced in the United States, the United Kingdom and certain other European countries. The evaluation of potential investments and the ability to perform due diligence may be affected. The Fund and

GLDUS141 Greg Martin Section 7: Risk Factors Glendower Capital Secondary Opportunities Fund IV, LP Emerging markets risk The Fund may hold interests in investments of

t share you' contact details with other Limited Partners without your consent. While the Fund will initially receive and store your personal data in the United Kingdom, it may be necessary for the Fund or third parties to transfer this data outside of the European Economic Area, including to the United States of Am

GL0US141 Greg Martin Glendower Capital Secondary Opportunities Fund N. LP Appendix 2 Privacy Notice (A) NOTICE TO INVESTORS THAT ARE NOT NATURAL PERSONS Each prospec

oldable payments ("foreign passthru payments'). It is uncertain at present when payments will be treated as "attributable to withholdable payments. The United Kingdom and the United States have entered into a Model 1 intergovernmental agreement (the "U.S. IGA') relating to FATCA and the United Kingdom has brought

GLDUS141 Greg Martin Section 9: Cede." Legal. ERISA and Tax Considerations Glendower Capital Secondary Opportunities Fund IV, LP FATCA and other International disclosu

purposes of the AIFMD Regulations and is regulated by the FCA for this purpose. Accordingly, the marketing of the Fund to prospective investors in the United Kingdom by or on behalf of the Manager is prohibited unless carried on in accordance with Regulation 54 of the AIFMD Regulations. The marketing of the Fund

GLDUS141 Greg Martin Glendower Capital Secondary Opportunities Fund IV, LP Investment Act (Kapdatan/agegesetzbuch)) The Netherlands The Interests in the Fund describe

ntergovernmental agreement entered into between the UK and the U.S. UBTI As defined in Section 9: Certain Legal, ERISA and Tax Considerations. UK The United Kingdom. UK AIFM Regulation The Alternative Investment Fund Managers Regulations 2013 (2013 No. 1773). UK FATCA Legislation As defined in Section 9: Cert

GLDUS14I Greg Martin Glendower Capital Secondary Opportunities Fund N, LP Subsequent Closing Limited Partners admitted to the Fund at a Closing subsequent to the First

aly, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom of Great Britain and Northern Ireland. undertakes any offering of Interests; respect to the in the Underlying Fund PPM and the be amended, rest

Greg Martin Proprietary and Confidential — Private Placement Memorandum Glendower Access Secondary Opportunities IV (U.S.), L.P. An "Access Fund" into Glendow

aly, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom of Great Britain and Northern Ireland. Proprietary and Confidential 49 EFTA01397903 Greg Martin return in respect of such investment, the comp

Greg Martin 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

this "Presentation") is being made available to you (the "Recipient") by Glendower Capital, LLP ("Glendower"), which is authorized and regulated by the United Kingdom Financial Conduct Authority, for the purpose of providing certain summary information about certain existing and future funds and accounts that are

with the "Important Information" and "Important Performance Information" sections of this Presentation. STRICTLY CONFIDENTIAL 54 EFTA01398247 Greg Martin SOF Remaining portfolio construction by FMV1 as of September 30, 2017 Overview Vintage Fund size Invested capital Capital called Distribution