Epstein Secrets

other deposit obligations of, commercial banks chartered by the United States, any state thereof, the District of Columbia, or any member nation of the European Union, each having, at the date of acquisition by the Partnership, combined capital and surplus of at least $500,000,000 or the equivalent thereof, in ea

GL0US140 Lawrence Hirsch Proprietary and Confidential than by Standard & Poor's Ratings Services or "P-I" by Moody's Investors Service, Inc., or a comparable rating by a

et is expected to develop in the future. 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 requirem

GLDUS140 Lawrence Hirsch This confidential private placement memorandum (as amended or supplemented from time to time. this "Memorandum') is furnished on a confidential bas

tive 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 requirem

GLDUS140 Lawrence Hirsch Furthermom, in response to increased regulatory concerns with respect to the sources of funds used in investments and other activities, the Glendow

dered for prospective investment by the Fund. The future application of European Union-based legislation to the private fund industry in the UK and the European Union will ultimately depend on how the UK renegotiates its relationship with the European Union. There can be no assurance that any renegotiated terms or

GL0US140 Lawrence Hirsch Section 7: Risk Factors Glendower Capital Secondary Opportunities Fund IV. LP be no assurance as to whether any such regulatory scrutiny or initia