# Profoundd archive — Epstein Files
# Bates number: EFTA01393463
# Title:        Glendower Capital
# Dataset:      10
# Pages:        1
# Tags:         epstein, doj, dataset-10
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=== SUMMARY ===
Glendower Capital Glendower Capital Secondary Opportunities Fund IV, LP The Offering Glendower Capital Secondary Opportunities Fund IV, 1P1 ("SOF IV" or the "Fund") is being formed by Glendower Capital ("GC"): • An independent secondary manager spun-off from Deutsche Asset Management in August 2017 • fully owned by its partners who worked together for IS years • Established 23-strong team with US$3 billion in total client assets and offices in London arc New York Glendower's mission is to delive


=== EXTRACTED TEXT ===
Glendower 
 Capital 
Glendower Capital 
Secondary Opportunities Fund IV, LP 
The Offering 
Glendower Capital Secondary Opportunities Fund IV, 1P1 ("SOF IV" or the "Fund") is 
being formed by Glendower Capital ("GC"): 
• An independent secondary manager spun-off from Deutsche Asset Management in August 2017 
• fully owned by its partners who worked together for IS years 
• Established 23-strong team with US$3 billion in total client assets and offices in London arc New York 
Glendower's mission is to deliver outstanding results for its investors 
• Strung IN, yout•like performance with an attractive risk profile. earn/ cash flows, arw negligible loss ratio 
• Mature program at 1.7x TVPI and >20% Net IRR and overall program at 1.Sx IVPI and 23% Net IRIV 
SOF IV will continue the successful secondary strategy pursued since 2006: 
• Aiming to build a globally C iversif led portfolio of seasoned funds, GP-let transactions anc 
co-investments on the secondary market 
• Value creation through in-cepth fundamental analysis as opposec to creel structuring 
• Seeking US$1.75 billion in commitments with same key terms as prior lunc 
Strong and consistent track record2
lurd 
vnaee 
foevotopmenes<e‘r, 
k,rdue
icor-awn. %cc% corpson't 
Net roultyle (TWO 
Net 6•10buteel(DPII 
Net IRR 
Peak re: cartnb.tM caprvl SOF 
2006 
thorwescro 
US$565r 
2111541:,7)4 
184 
lax 
22% SCf D' 
2010 
Mann:AGO 
US$14/n 
1128/193 
2 3x 
2 Ix 
29% 
76% 51% Sc. el 
2011 
(monolog) 
OS$614m 
29/75/737 
15o 
1.h 
20% Sef 111 las! 
7014 
(earystor) 
1451.654r I./5$),440n 
15/ 149 / 2•37 
13x 
0.34 
30% 
42% 44% 
Consistent top returns among peers: 
SOF Funds vs Cambridge Associates' secondary funds performancew 
vscm. nu, twtIRRN)Irioec pa Orel y h,&t Ne:inultilk to %%WC wanes' 
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09' 
23% 
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ogIf c!` C 3 ji>. Pot nonce b not an 
i•tikiiibl or' iisliGrite of (utter n,,;42. Fund key terrnslo 
Target size: 
US$1.75 billion 
Currency: 
US$ 
Investment Period: 
4 years fror• final closing 
Term: 
7 years • extensions (5xlyear( 
Structure: 
English I.
General partner share: 
• 1.25% p.a. of nor rnitrrert:s during 
Investment Period 
• 1.00% p.a. of Invested Capital1l in 
the following two years 
• 'hereafter greater of 90% of 
previous year and 0.25% of 
Invested Capital 
Carded Interest: 
12.5% or a whole fund basis 
Hurdle rate: 
8% 
Team commitment: 
Min 1% of total fund size 
Contacts: 
Car'o 
t•lanagirp, Partner & CEO 
+44.20-3947.7001 
carlo.oirzio-biroliraglendowercaoltal.corn 
Cnyles &min 
Managirg Partner & 00 
444.2C-3947.70C2 
charges smithiordendcwercaoital corn 
losinza C Oaser 
Partner, Client Relation 
+1-212-653-8402 
josh alasegaglendowercacitaigom 
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0099025 
CONFIDENTIAL SDNY_GM_00245209 
EFTA01393463