EFTA Document EFTA01391399

GLOUS124 BBR Partners Glendower Capital Secondary Opportunities Rand IV. V' Table of Contents Section 1: Executive Summary 1 Section 2: Investment Performance 7 Section 3: Summary of Principal Terms 12 Section 4: Glendower Capital Secondary Opportunities Fund IV, LP 14 Section 5: Fund Management 30 Section 6: Summary of Terms and Conditions 35 Section 7: Risk Factors 48 Section 8: Conflicts of Interest 66 Section 9: Certain Legal, ERISA and Tax Considerations 70 Appendices 87 Appendix 1 Notices to Investors in Specific Jurisdictions 88 Appendix 2 Privacy Notice 99 Appendix 3 Anti-Money Laundering 101 Appendix 4 Key Definitions 102 Appendix 5 Important Performance Information 108 Appendix 6 Directory 111 Appendix 7 Board of Directors of the General Partner 112 Confidential Private Placement Memorandum CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0096293 CONFIDENTIAL SDNY GM_00242477 EFTA01391399