EFTA Document EFTA01364563

GLIDUS238 SOUTHERN FINANCIAL LLC Important Information (1/2) This confidentiat pr esentation (this "Presentation") is being made available ie you (the "Recipient') by Glendower Capital. LLP ("Glendower), which is authorized and regulated by the Uniteo ethethen fthereial Conduct Atilhonly, tor the purpose of providing certain summary information about certain existing and future funds and accounts that are managed or advised by Glendower, tie:Riding in connection with your evaluation of a potential investment in the fund be to known as Glendower Capital Secondary Opportunities Fund IV. LP (the 'Fund') This Presentation may refer to certain events as having occurred and documents as having been entered into which may not have occurred or been entered into at the date that this Presentation is made available but thet Glendower expects will occur or be entered into thereafter This Presentation is net an offer to sell. nor a solicitation of an offer to buy, any security, and may not be used or retied upon in connection with any offer or solicitation. A private offering of interests in the Fund will be made only pursuant la lhe offering documents for the Fund. which contain additional information about the investment objective. terms and conditions of an inveslmeril in the Fund and also contain tax information and risk disclosures that are important to any investment decision regarding the Fund. No person has been authorized to make any statement concerning the Fund other than as set forth in the offering documents and any such statements, if made. may not be ielied upon. The offering documents will be furnished to queldieti investors on a confidential basis al their request. The Information contained in this Presentation will be superseded by, and Is qualified In its entirety by reference to. such offering documents. An investment in the Fund will involve significant risks, including loss of the entire investment. The interests in the Fund vntr be illiquid. as there is no secondary market for interests in the Fund and none is expected to develop. There will be restrictions on transferring interests in the Fund. investments may be leveraged and the investment performance may be volatile. Before cletedina to invest in the Fund. prospective investors should read the offering memorandum and pay particular attention to the risk factors contained in the offering documents. •r'he fees and expenses charged in connection with an investment in the Fund may be higher than the fees and eepenses of other investment alternatives and may offset profits. investors should have the financial ability and wiilingthiss to accept the risk charactenstice of the Fund's investments Potential COntiliStS of interest may arise from the relationship between Credit Suisse Asset Management Limited and its affiliates (*Credit Stessee). which is acting as the Fund's placement agent. Credit Suisse is not acting and vile not act as a municipal advisor within the meaning of Section 976 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the rules and regulations prorituated thereunder t'Municipal Advisor Rule"). Any services. material. or information that Credit Suisse provides tea municipal entity or obligated person as defined by the Municipal Advisor Rule ("Covered Party) are provWed en an arm's length basis and not as an advisor or fiduciary lo the Covered Party Covered Parties should consult with their own internal and external advisors before taking action with respect to any services, ❑ratelial. or informetion provided to them by Credit Sui8se Credit Suisse also win net soled a Covered Party for direct or indirect ceinwisation on behae of an unaffiliated investment &Mser for the purpose of obtaining or retaining an engagement for that investment adviser by the Covered Party to provide investment advisoiy services lo or on behalf of the Covered Party. This Presentation contains information that has been or may have been provided by a number of sources and has not been independently verified. Nothing contained herein shall constitute any representation or warranty and no responsibility or liability is accepted by Glendower Cr its aftirates es to the accuracy or completeness of any ineemalion supplied herein. Unless otherease stated. the infomnatien in this Presentation has not been audited or veritieci by an independent party, end should not be seen as eny en• or returns that might be achieved. The information contained herein must he kept strictly confidential and may not he reproduced or redistributed in any format without the approval of the Fund. Notwithstanding the foreeeirra. each investor and prospective investor (and each employee, representative, or other agent thereof) may disclose lo any and all persons, without limitation or any kind, the tee treatment and tax structure of the Fund and its investments and ail materials of any kind (including opinions or other tax analyses) that are provided to such investor or prospective investor relating to such tax treatment and tax structure. proeteed. however, that such disclosure shall not inclthie the name tor other identifying intonation not relevant to the lax structure or tae heatmentt of any person and shall not include Information for which nondisclosure is reasonably necessary in order to comply with applicable securities laws. Glendower Capital S•F•R Om), CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055111 CONFIDENTIAL SDNY_GM_00201295 EFTA01364563