EFTA Document EFTA01364817

GLDUS238 SOUTHERN FINANCIAL LLC Section 8: Conflicts of Interest Glendower Capital Secondary Opportunities Fund IV. LP Conflicts of Interest General Investors should be aware that there will be situations where the Manager and its affiliates may encounter potential conflicts of interest in connection with the Fund's investment activities. The following discussion details certain potential conflicts of interest that should be carefully considered before making an investment in the Fund. By