EFTA Document EFTA01392452

GLDUS128 Patrick Gerschel Section 7: Risk Factors Glendower Capital Secondary Opportunities Fund IV. LP operations teams that were involved in the management of the SOF Funds at Deutsche Bank have joined the Manager and the U.S. Adviser. Accordingly, in evaluating the past performance of the SOF Funds, prospective investors should note that the partners and employees of the Manager and the U.S. Adviser were formally part of Deutsche Bank, a large institution. and. in connection with the in