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ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require

Martin Section 5: Fund Management Glendower Capital Secondary Opportunities Fund IV, LP University of Pennsylvania's Wharton School of Business. Philippe Ferneini (34), Vice President. Based in London, Philippe is responsible for the origination, valuation, execution and monitoring of secondary investments. P

ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require

ld Ford Section 5: Fund Management Glendower Capital Secondary Opportunities Fund IV, LP University of Pennsylvania's Wharton School of Business. Philippe Ferneini (34), Vice President. Based in London, Philippe is responsible for the origination, valuation, execution and monitoring of secondary investments. P

ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require

ance Co Section 5: Fund Management Glendower Capital Secondary Opportunities Fund IV, LP University of Pennsylvania's Wharton School of Business. Philippe Ferneini (34), Vice President. Based in London, Philippe is responsible for the origination, valuation, execution and monitoring of secondary investments. P

ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require

icholas Section 5: Fund Management Glendower Capital Secondary Opportunities Fund IV, LP University of Pennsylvania's Wharton School of Business. Philippe Ferneini (34), Vice President. Based in London, Philippe is responsible for the origination, valuation, execution and monitoring of secondary investments. P

ive Investment Fund Managers Directive. Neither the General Partner nor the Investment Manager is authorized or expected to become authorized under the European Union's Directive 2011/61/EU on Alternative Investment Fund Managers (the "AIFM Directive") as of the date of this Memorandum, and the substantive require

Capital Section 5: Fund Management Glendower Capital Secondary Opportunities Fund IV, LP University of Pennsylvania's Wharton School of Business. Philippe Ferneini (34), Vice President. Based in London, Philippe is responsible for the origination, valuation, execution and monitoring of secondary investments. P