GLDUS129 DF Enterprises This page has intentionally been left blank CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 100165 CONFIDENTIAL SDNY_GM_00246349 EFT

GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund IV. LP CONTACT INFORMATION Glendower Capital, LLP 16 Berkeley Street London, W1J 802 United King

GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund IV. LP MANAGED THE SOF FUNDS AT DEUTSCHE BANK HAVE JOINED THE MANAGER AND GLENDOWER CAPITAL (U.S.),

GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund IV. LP IMPORTANT NOTICE TO POTENTIAL INVESTORS GLENDOWER CAPITAL SECONDARY OPPORTUNITIES FUND IV, L

GLDUS129 DF Enterprises Glendower Capital Glendower Capital Secondary Opportunities Fund IV, LP Confidential Private Placement Memorandum CONFIDENTIAL - PURSUANT TO FE

GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund IV. LP THE FUND WILL NOT BE REGISTERED AS AN INVESTMENT COMPANY UNDER THE U.S. INVESTMENT COMPANY A

GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund IV. LP PARTICIPATION AS PLACEMENT AGENT FOR THE INTERESTS MAY BE INFLUENCED BY ITS INTEREST IN SUCH

GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund N. LP Section 2: Investment Performance Confidential Private Pbcement Memorandum 7 CONFIDENTIAL -

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GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund N. LP Section 3: Summary of Principal Terms Confidential Private Pbcement Memorandum 12 CONFIDENT

GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund N. LP Section 4: Glendower Capital Secondary Opportunities Fund IV, LP Confidential Private Pbceme

GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund N. LP Section 6: Summary of Terms and Conditions Confidential Private Placement Memorandum 35 CON

GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund IV. LP This page has intentionally been left blank Confidential Private Placement Memorandum 29 C

GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund IV. LP Section 5: Fund Management Confidential Private Placement Memorandum 30 CONFIDENTIAL - PUR

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GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund IV. LP Section 8: Conflicts of Interest Confidential Private Placement Memorandum 66 CONFIDENTIAL

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GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund flt LP Appendices Confidential Prrvate Placement Memorandum 87 CONFIDENTIAL - PURSUANT TO FED. R.

GLDUS129 DF Enterprises Glendower Capital Secondary Opportunities Fund N. LP Subsequent Closing Limited Partners admitted to the Fund at a Closing subsequent to the First

GLOUS I29 DF Enterprises FORM ADV PART 2B: Brochure Supplement iCapital Advisors, LLC 60 East 42nd Street, 26th Floor New York, NY 10165 March 30, 2018 This Brochure Su