EFTA Document EFTA01391153

GLDUS139 Thud Lake Capital Section 7: Risk Factors Glendower Capital Secondary Opportunities Fund IV. LP projections of future events which are difficult to predict and beyond the control of the Fund and the Manager. Investors have no assurance that actual internal rates of return and current returns will equal or exceed the projected rates of return or that any capital will be returned to them. Poor performance by a few of the Fund's investments could substantially affect the total return