EFTA Document EFTA01429072

GLDUS238 SOUTHERN FINANCIAL LLC Proprietary and Confidential - Private Placement Memorandum Glendower Access Secondary Opportunities IV (U.S.), L.P. An "Access Fund" into Glendower Capital Secondary Opportunities Fund IV, LP Offering of Limited Partner Interests January 2018 Important Disclosures EFTA01429072 GLDUS238 SOUTHERN FINANCIAL LLC This confidential private placement memorandum (as amended or supplemented from time to time, this "Memorandum") is furnished on a confidential