GLDUS133 Georgetown University Endowment I. INTRODUCTION Glendower Access Secondary Opportunities IV (U.S.), L.P., a Delaware limited partnership (the -Access Fund'), has been formed to

GLDUS133 Georgetown University Endowment TABLE OF CONTENTS I. INTRODUCTION II. SUMMARY OF PRINCIPAL TERMS OF THE ACCESS FUND 2 M. CERTAIN RISK FACTORS AND POTENTIAL CONFLICTS OF INTE

GLDUS133 Georgetown University Endowment organized under the laws of a relevant member state (each, a "Member State) of the European Economic Area ("EEA')I when such marketing is reasonabl

GLDUS133 Georgetown University Endowment This confidential private placement memorandum (as amended or supplemented from time to time. this "Memorandum') is furnished on a confidential bas

GLDUS133 Georgetown University Endowment referenced. Neither Glendower nor the Underlying Fund is responsible for updating any information provided in this Memorandum. The minimum subscri

GLDUS133 Georgetown University Endowment Prospective investors should not construe the contents of this Memorandum as legal, tax, investment, or accounting advice. Each prospective investo

GLDUS133 Georgetown University Endowment indirect interests in other funds managed or under the control of Glendower. Moreover, none of the limited partners of the Access Fund (the "Limite

GLDUS133 Georgetown University Endowment iI. SUMMARY OF PRINCIPAL TERMS OF THE ACCESS FUND To understand this investment opportunity, a prospective investor should read both this summary

GLDUS133 Georgetown University Endowment (the "Management Fee") in respect of the Access Fund, payable quarterly in advance by the Access Fund. See "Management Fee." This Memorandum refer

GLDUS133 Georgetown University Endowment Initial and Subsequent Closings The Access Fund may hold multiple closings. The General Partner will provide prospective Limited Partners with no

GLDUS133 Georgetown University Endowment warranties in its Subscription Agreement and (ii) any failure by a Limited Partner to provide information as requested by the General Partner or I

GLDUS133 Georgetown University Endowment The Access Fund will make its investment in the Underlying Fund at closings of the Underlying Fund on or after the Initial Closing, and if any Lim

GLDUS133 Georgetown University Endowment The General Partner shall have the sole discretion to apply the default provisions to each investor in any Feeder Fund on a look-through basis as

GLDUS133 Georgetown University Endowment entity. directly or indirectly, in the Underlying Fund, to the extent practicable. In particular, the General Partner or the Investment Manager wi

GLDUS133 Georgetown University Endowment governmental returns, reports and filings of the Access Fund; any costs or expenses in connection with the Access Fund's admission to the Underlyi

GLDUS133 Georgetown University Endowment Partner multiplied by the Subscription of such Limited Partner. After the end of the "investment period" of the Underlying Fund, through the secon

GLDUS133 Georgetown University Endowment include, and therefore Limited Partners will be responsible for, all of the operating expenses of the General Partner. Moreover, expenses of or re

GLDUS133 Georgetown University Endowment unpaid portion of such Limited Partner's Subscription. Failure to pay any applicable Transfer Expenses will be considered a default under the Part

GLDUS133 Georgetown University Endowment Prospective investors are urged to consult their tax advisors with specific reference to their own situations as they relate to an investment in th

GLDUS133 Georgetown University Endowment FORM ADV PART 2B: Brochure Supplement iCapital Advisors, LLC 60 East 42"d Street, 26th Floor New York, NY 10165 March 30, 2018 This Brochure Su