EFTA Document EFTA01391159

GLDUS139 Third Lake Capital Section 7: Risk Factors Glendower Capital Secondary Opportunities Fund IV, LP Short-term investments Amounts drawn down from Investors will be invested by the Fund in short-term instnrnents pending investment in secondaries transactions. During such interim periods, these short-term investments may produce lower returns for Investors than the returns earned by direct investors in the underlying private equity funds in which the Fund invests (or by direct invest