EFTA Document EFTA01354831

Glendosver Cabital SOF IV, LP. Important Information (2/2) Arty fotwar6coking cratements finckeing, witreAt !mårenes', projectiont oi fett-re eamings or vak ej, rent or seleations heroin are bosei open n rrert may siniplifiee and rna? eepetiC spon menu otitside the torums Attensver iL8 allikstes Othe, events tht :vere not teken inte &urent nav or.er.r and may sit:smart:n.0y affect the analvzis heren,. TherefOre. lange' tri arry rraa8leatiohl mav have a materiar impact ex, any valent'," or ka nitue{:. Adas; resuts mn% alert-isne he niateriallt eifferent from arr, foretat. opinon valt-whon 'terein. Prospective investors in tie Feiy.; >hauld not reh• on tht:%e tom:omen:Alna statemenis n mb:Icing whetlw ro itwesi In sua' Fono. The 'd.:adr:arien container, in thi!: Fre%imiablin has {veer, obtalnee frem soisrceceiolde Credit SC,,...e.svh sbcriinforrnaben ts t-_>1!eved to hr? Miaele ke the priposet: Lsed ratet, neititer Crenit Ste.re, nor any ot ib ul-diett:, er partners, niernbers or employee; assione any for the accer acy cf sl Ch ir.formation See the "Notes h...Investreentit'erkrniard:E. <0nVsinir411,t,Jiti-AlairalpallentirifonwItionregarcmg c-?rforrnenter.nr: {nigeina retuns. Tres Presentatkin c.oes pai form part of the basis lor any suiliact betaveen Glenc.n.went.a it.; aflihates an% any innestor P.e%ipierits tres Fresentatk‘rtstrab r rot treet tin Fresenatta, or hia, rev,laturv, acr.ouiting, ;egal. Investment ur tiny eitler advice in relatita, to rise Recipient or ans aaolanatkw ane thi:: information shmied not ars[ eariF.4. le rettet Cpm, as stich 11.-e trtstribor.k4, this Omset:tat:ert ane parlAT.ation in Gne Fidse tnay be reurictyc by tire; ir: certain benons whoconst into pl)88e881011 Of t h." nreseriration are rednbee te inform thentehes ab:it:ham: to obsåse. anyst.ch restner nem.. No governmental auttiority has Rised on the metie of Ihe offeting iriterests in the Pore or the atient:acy of the information cuitainee Arry ieoresentation to contras: i,. snlawtsl. Prospettbie inye,ron sliul:Id per µa: ilglan attertinn to the info:in:eitt contained in the '(fering dtv.t.rnents pertaining to tertain toelms ol interests and risk fetters An ittectesetit in the Fond is:ti:Kable Only iurs%wheftuttec: investors and re rires lite firniciiiiability and ballingness to accept tbe h41. aix? bek of ligt:idity PS:0cl~ %vilt, ;sn investment hr the Fund. !neiters in the Pind nis..-t be prestertd L' heat sechrisfrs for an inter inite peniutl of tirre Statensents heroin are inace as cf landary 31. 2018, ertes% staret °Oser...vi:e. Important Inforrnar3,..., the Track P&.c:r4 Thif Gleryåosver SOF Team spsrvolf from CseerXhs: Rar* amt its arlihate> ("r,,estyche bar) te, Attizt i, 20.17 art eitahiblleO Gl:endt...rer (epital. LIR ara, as afIllorte% flogether, *Glencoearel P8 pr; innepennent premie firet CYMI.:11 by ns Pfirillef:1100.1et <:11!•!0>I1Cary transwetkn% in prerate t'al'k-t!:. The performance infcitr-atIon atti tra.:k recore set cut:' Ih:. Presentation in rer.peo. ot the SOF F: x!.:• {Dorg the penot rom ot the SOF r.:ixis to rate. the trale pli01 lo the formal:mi 4f Glennower, sviven the team ytere ertiployea25 of Dei:tv:he bant., Ill eyaruatin€ the trav,. rer.orij, each Recipient iscee tral. (il (>00 PirZio-Partei aha Charles Srellh tave ?ilen permanent 8'Crir, PWrriher:: of me sor r:inas aswszawat o,%rernittees sircemce iors; ChiCheunk,, Fram:eser, bibaniont i ant Acarn Grae? haste attendett as obseners ti e majorhy of iferrr:rtfekre cornrnittees uf the SOF runes sinte inception. Uty viere appilEtee in Orienter 2011 eurirat the SOF il investitent pericv.; as :(kitig mett:beis on re tit.atil,fial taxis and have best permanent soling inembers sinte lanuery 20.13; friijuther employees uf Dei.tbche bank who were nut part of the SOF investment team ant that have not reiner! Glencower wen, involyee at eiffetent times on the trivest ment osfr:milter" of the SOFFsnes gni !ble inve::trnenreeeiriori-rnaldng prorest ir, re:-.;..r<7.4 the inyettmentstnce by tile MF Fines ane (ml in connecnon With the invettinents oarcipitINe the tracl record, the (avs:neter Inst:arr-tint protemlonals :o.m part <4 a lar; er Dyno ynthin C,t,tberie Bari% The er:estment perforroarce Mchieet rierein v iteterall;r:r C-.8Wy rd, proside fteUrbet.its with informaten 3caat the Gierwcr.rer SOF Tearn't: ovvestinent e,instrivrice. The perlkefnener: pr siret ha: treen Prepant/:i by Destto.he Alternative Asser. Maragernenr (Global) Limit": (YOAAMIGW1 ane Røvides tu Grenen-edel arr. relatL1 SOF ark` the rek,tti ifAnarFAl QiicteiyiN vanyicti9r.::. Ik resoect of which Gb7rivlower SOF Teart, syere ili8lAve81 in the:r l.apa..-ity a nortfolk, inamager. skela insestment toninntlee memberr whiSe employee PI De utbe bank. Ileridossier takes resnoyisit.iriw loe perfcuhance in(oreatius ant It% compiar,:e With alt anpkulhle lam, re...orat,c4s, ftle; an.; 5,,Initirr,es, mrluc,t, bul rot %miten to. the trivestment Adviters Au et Igve). as arMer',:re, and ås rade 20.1.:: thereiircer: ane eakAltafGit take:: ro rest-mtibeity for the nite of smiri ØettOnflati.:e tien1 by Glersii.:.wer HetesteIn Performance 1hPeStreehr rrt8:rr. Olher88;;S:: ;:rXer, frit log September 30. 20.17, ?re ar": 3:e ::11:8thaiVe ra:l8' ; rl;l0 banan, a:P.; othenvise ineicated, "Gross IRR- ane 'raet ler ',hai i near, an aggregate, conspot ne, ann.ai, gross or net, as ange:ah:e, internat rate et retur, er, investments, hasel on daily cash Roses Calo.lations are ;tur ':8:18ter.. bey& ml acteal z..rsh kam tuari frl.Prr lirrhter: Valaaerz. All IRR:: ere preseriteO on a 'gr o:,` basis snless ot torne states fi e, Uty do not reflect ere Iltkil4 terta share, centen inteirert, tasen kameraet'', tosis In corinecton witti the eisposition uf unreali.ed inver:ia nts and oster enpenes thai are borne by investors In the ap.IcabIe furefry. all which w rustbee retteros ane. in the aggrevate. are apectee ro be oub:tantial) Nem IRR lo prosenter: after ileet.eting all prierity profil sture, carrlec interest, ta Res. trariSPrtIOP (tSt8 ane vther fet:: anc.: expense: lathet than taxe; snoe pr Lo !;,-,n* hvit sten,: di,eing ase :88til tt ot an w,yestcsr.s eotyk, Ferther, note 'hat i:ak statkes metisotokigY tOCainilate Net Ikh m resoeu of the SOF tirals is imparsed by the SOF ruses Lsks: of yl:bm:floti«, line ratisses. All performance tunisen inelnet rer:veier capital veles: ralletrWiSe rr>liShial? ira:11.4ter. DOtrinotions to Paid-in CaPitni rOP•ii rePreSerit% ertglegate ;'Skiitlk,tigirc: IR iraesw4 in the LOT' FONN re=ntrea te aggregata raphal c ottibud ms to the SOF Fanes. Resid%al Vakre to Capital ("RVPI") rep terens the valle of the SOF Funds investor' intere..-t held *elta, the SOF Fund;:; tehause bs aggreeare capita' centribstems to theSOF hind:, net or ex SOF r:Astrst inert:!{. rriam-w2ernent tees and <Aller exeÆriser, Total Valte to paid-ln Capita! rhipti: Tyet :Dei t RUPI as the 3(00h:a Cf Ilvmey rettered eivirled kry the am...amt Investe: mor that parti:etar investment Grass ordbok- represents 1'0W Valte asa nidrips' oi capita' insestrm by the SOF Fuzis Net tune eat, inel elci net imam/røme rata rengiaSarathireta tet of titt sor r UVAV Catnet: rraete1t. management dees ana etter eYpersse3. Valuatiore. Valoatb.«: of tioreall;:te inv.tstrnerits are generally biteti <•11 a a<>4.) Nth eld) reaumatile eetermlnation by the genial ai•notir af the relevant Ar:V %Pch valbarion of liSre.8-lr/krci 1m-e:Ur-rat *Ill he trasee en 3flornOtions 2er-eral ,taftnier are reasenabte ulde!' the ClfraulTittalY.eS. the attval realizee ren-frisen vir#:alizee investment% vill uopeno on. atrium uttier f atters, ft.t.:re %verne% rent, the value uf the essets and ,tanket con.Ukkwi:; at the time of l:89(rsp-.0:8 any utiater.i trarl8år.r.:(4'litst8 Whl the timine and menner or ssi Whir,h Play csffer ffSeil the asstarVbuns on whch the valitkitiony useh in the teier performance tala container: her ein me ba::ee. Aectlicingfy. the Kteal tealtet retur,: gerieratet.1 by tasse t‘nrealimre investerte«, ridyt ciffer matenalty frem the retuns irobtakee herthn. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0039429 CONFIDENTIAL SDNY_GM_00185613 EFTA01354831