EFTA Document EFTA01394780

GLDUS140 Lawrence Hirsch SOF IV ILPA 2 scorecard SOF IV      Key ILPA 2 Principles Alignment of interest - Best practice all-contribution-plus-preferred-return-back-first model - LP favorable clawback provision - 100% transaction & monitoring fees offset General Partner share - Manager equity interest in the Fund (minimum of 1% of aggregate commitments) Governance - Key man and "for cause" removal provisions protective to LPs' interests - Supermajority vote of LPs req