EPSTEIN
page 4 / 702 . OCR, unverified
ME itch ci.:-:urnents ate in
the proses:: of being prepared alt. will be mase available to pre :I/el:Uwe investors tipol: request.
innested Capital 6 the amount of capital eveste., o irwertrnents arc the rernaineig unfunded obi:gat:cm reasonabl7, le-served t', Glen,. .,:yer Irr
invest scent::
(1'1 is of fareatemteT At 20%7. Thpre can b.: rrs3ser:rance that tee) strategy wilt
cur-_to€h.: the fetere, ertnat lesses
he 3s3.14est,
t.-ource:Glendesver's assessment base' on pixttogo mariagernent theory
(14) As of .'kepteintw..:(7., 2017. Peri..d sin..e2rX).3indlucies time:men; by mersiler: of the done sener roarsage.meril. leeirn at Deutsche bank.
Key Definitions
^Single Acret Dear means an investment by the Fund leirectly or ineirt-ctly) in a portfotoa company gory:der, one ot more poi ate acuity Fund sponsors (and
anyinnOvrOninve.11:1;:gs in any ;:uth eueNtinent, but not incluerf
arriS.1•P-1/.‹ Strtorwiary)
reawnabt., de tennined
t he Manager as lirt vantnsirecurres
"Fund Secondary mean: la) an interest held tireetry or indirectfy by the Fund in a generaust or specialist private ebuitv fund structure (inducing a ft ne ei
funds, teeder (ulllur or other
sUudturel .7,A:ca.:free in a rcandalore transaction :•r (h) a poriro& et such interests act:tired ha singe trantacnon, in each
case as reasonably enfermin:W by the Marater as the context reduires. provled tala any interest referred to in clause fal shall be in a hire Slirt cti re that
ether has an Investment pence that is expired (other than for feaow-on if/vestments) or has drawn down
cerienitted te Invest at least SOM et its acgregate
commitments, aen' prose4see that any portfolie? of interests r4.,fensW to in etan
;ball Be
slreCterYS 111.11:r1 the aggregate na-re drawn down Or
::Cenrrikket 10 invest ul, kast ynk of their aggregate c(:rensitmerat, preelden further that the aggegate commitment:: of any rune ::inttab that has an
investment frrnod tat irr ezrAr*ti fiber than Rs'
kwestre:te);) stall he neeinect to em:al the arrcent Crams down
Surt:
slivatas, and:
ProMec(, rk;ajder, tearta rune: Seca n.:ary shall not al!» be determined to be an Early Stage Investment.
"•5P-led fecceetary- mean: an iwesurent interest beg by We ['um( Wsreeily Cr inCee:rni in polrata equity h.:re:structure or postludo C1 direct private e0L4y
asset: through benpuke lic Lacey solutions (are any follow-on ins•
nsents in any such investment interest, bt t not inducing any Co-Investment) as rearonably
,:Kerrnzred by 1hµ Manager a: the cc-Merl rEKI:ires.
-SOF" meat:: OB Secondary i)pp.:,rit.ne es Fund .A, I P., DB Secone•Ary Opportunitiesrune8, t.P. and tiff Secondary Opportunitiez Free C, LP
'SOF Eit' means D8 Le< oreary Opp,orturiitks. Fungi 0. I. P
-SOF !I' meant teconclaryOpportnitier. Fond'', LP
'SOF
r„par,01)escetcarve.Ipportunite6 lund III, If)
tr)01Funds,"'SOF Program. or 7.eccra:aryt:Wortnneuts Rings-mew:1.80E sor D, SOT II are. SOF lli
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0038564
CONFIDENTIAL
SDNY_GM_00184748
EFTA01353972
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METADATA_FILENAME: EFTA01353973.pdf
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Glendower Capital SOF IV, L
Important Information (1/2)
'i lire confidentiat presentation (this tresentetion) 6 tieing CerrOint,n,C3Let' Loa limiter: number of sophisticated pectin (each. a "Recipieilti by Gerrit:cheer
Cepilal LIP ("Otte/asset') (an appomtve representative or Mit:stet:a Adviser:ILI, which ill eethoi <ec arm tete:tat& by the thiir.eti Yineterni Financial Conduct
Authority) fit the pnrpcse of prostate certain summary information about caftan eristing ant. future funds arc ar.r.ke.fitl that are managed or aevisec by
Glensiower, iticketrig m cont rcie,e with 'you evaluation of a potential itiverinwei in tie fund to be lebusini m Cs'
iteesiter Capital Secoreiary Cen.e.irienities
Pure iv. LP (the tune') The enc.:4141h011 iell:lurittO in Oki Presentaticn Is beine mace available to P.ecipieres on a striim oink:tribal !Olt an; in*y not he
disclosed
discus:ea web are. person other than any Redpienes aftilites iY eirter:ioral acviyets wiso are bend by obligatient of conic entialey cri a need to
know bast. Any past performance information herein b not neceserarily indicative of future rest ht and actual warm/lance may oder materially from any
prory:the or forecasted nerforarame Tit Preset:13W° Is rot rilteriCed to !Orin the ba.so. of any irrSeclirreitt reclean 3nri neerfrinfirt (nett ri/t4 re,/ Oft !hill
Presentation 3,; pan of any assessment of whether to subscribe for interests in the Fund This Presentation may not be met! for anc roes not constitute an
offer to se, Ol
Nr.4l0ttlIF.ln of any oiler to sebscribe for QF pl4CliaSe ;sly :M.:rests ur to eee4asse in any other tcartsaulter The alinrrrAlal inrhrs Preseiitatroit
inter4:ed to facilltateelscutulen and is not ner:ecearily meaningfulor complete without such supplemental disci;:sion.