Glendower Capital Glendower Capital Secondary Opportunities Fund IV, LP Confidential Private Placement Memorandum CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00184573 DB-SDNY-0038389 EF

Glendower Capital Glendower Capital Secondary Opportunities Fund IV, LP The Offering Glendower Capital Secondary Opportunities Fund IV, 1P1 ("SOF IV" or the "Fund") is being formed by Glendower Capital ("GC"): • A

wer SOF Team and there can be no assurance that SOF IV will achieve comparable results or that any target results will be achieved C-iendower Capita Secondary Opportunities Fund IV. t. P. PSOF IV or the "Ftrart is being foymed by Gkindower Conde!. LIP YOlenr ererl. wirer' is authorized and regulated by the United Kingdom Financi

GLOUSI83 Dimension Capital Management Glendower Capital Secondary Opportunities Fund IV, LP LY ,..ONFOENTIAL 2' QUARTER 2018 ACCREDITED INVESTORS AND QUALIFIED PURCHASERS ONLY CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 8(e) CONFID

GLDUS143 Henry Nicholas Glendower Capital Glendower Capital Secondary Opportunities Fund IV, LP Confidential Private Placement Memorandum CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00185005 DB-SDNY-0038821 EF

ndary Opportunities IV (U.S.), L.P. (the "Access Fund"). The Access Fund is expected to invest substantially all of its assets in Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund limited partnership (together with any parallel funds thereto, the "Underlying Fund"). To the extent that any statement

Glendower Capital Glendower Capital Secondary Opportunities Fund IV, LP The Offering Glendower Capital Secondary Opportunities Fund IV, 1P1 ("S0F IV" or the "Fund") is being formed by Glendower Capital ("GC"): • A

GLOUS143 Henry Nicholas Glendower Capital Secondary Opportunities Fund IV, LP LY ,..ONFOENTIAL 2' QUARTER 2018 ACCREDITED INVESTORS AND QUALIFIED PURCHASERS ONLY CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFID

GLOUS125 Gerald Ford Glendower Capital Glendower Capital Secondary Opportunities Fund IV, LP Confidential Private Placement Memorandum CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00185437 DB-SDNY-0039253 EF

ndary Opportunities IV (U.S.), L.P. (the "Access Fund"). The Access Fund is expected to invest substantially all of its assets in Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund limited partnership (together with any parallel funds thereto, the "Underlying Fund"). To the extent that any statement

SOF Team and there can be no assurance that SOF IV will achieve comparable results or that any target results will be achieved CS; C-iendower Capita Secondary Opportunities Fund IV. L P. PSOF INr or the "Ft it is being foymed by t... i.rgower Capital. LIP rCtienteeri. which is authorized and iegulated by the United Kingdom Finan

Glendower Capital Glendower Capital Secondary Opportunities Fund IV, LP The Offering Glendower Capital Secondary Opportunities Fund IV, 1P1 ("S0F IV" or the "Fund") is being formed by Glendower Capital ("GC"): • A

GLOUS125 Gerald Ford Glendower Capital Secondary Opportunities Fund IV, LP CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 8,91 CONFIDENTIAL SDNYGM_00185629 ,RICTLY COW DENTAL 2'1 QUARTER 2018 ACCREDITED INVESTORS AND

Glendower Capital Secondary Opportunities Fund IV, LP LY ,,ONFOENTIAL 2' QUARTER 2018 ACCREDITED INVESTORS AND QUALIFIED PURCHASERS ONLY CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDE

GLOUS127 Annandale Capt. Glendower Capital Secondary Opportunities Fund IV, LP LY ,..ONFOENTIAL 2' QUARTER 2018 ACCREDITED INVESTORS AND QUALIFIED PURCHASERS ONLY CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFID

ndary Opportunities IV (U.S.), L.P. (the "Access Fund"). The Access Fund is expected to invest substantially all of its assets in Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund limited partnership (together with any parallel funds thereto, the "Underlying Fund"). To the extent that any statement

GLOUSI41 Greg Martin Glendower Capital Glendower Capital Secondary Opportunities Fund IV, LP Confidential Private Placement Memorandum CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00186745 DB-SDNY-0040561 EF

GLOUS. Greg Man, Glendower Capital Secondary Opportunities Fund IV, LP CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. BN, CONFIDENTIAL 2' QUARTER 2018 ACCREDITED INVESTORS AND QUALIFIED PURCHASERS ONLY DB-SDNY-004

Glendower Capital Glendower Capital Secondary Opportunities Fund IV, LP The Offering Glendower Capital Secondary Opportunities Fund IV, 1P1 ("S0F IV" or the "Fund") is being formed by Glendower Capital ("GC"): • A

ndary Opportunities IV (U.S.). L.P. (the "Access Fund"). The Access Fund is expected to invest substantially all of its assets in Glendower Capital Secondary Opportunities Fund IV, LP, an English private fund limited partnership (together with any parallel funds thereto, the "Underlying Fund"). To the extent that any statement