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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01389408: Endowment, Memorandum and Treat (DS10)

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This document is a confidential private placement memorandum for the Glendower Capital Secondary Opportunities Fund IV, LP that addresses legal, ERISA, and tax considerations for investors, including Georgetown University Endowment (GLDUS133). It provides disclaimers regarding tax advice, regulatory changes, and UK tax treatment of the fund, and urges investors to conduct independent due diligence and consult with tax advisors.

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It is based on laws, regulations and other authorities in effect as of the date of this **Memorandum**, all of which are subject to change, possibly with retroactive
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Investors should not construe the contents of this **Memorandum** as tax advice, and each Investor is urged to conduct its own due diligence, and consult with
Excerpt 3
In order to lodge a tax Confidential Private Placement **Memorandum** 81 CONFIDENTIAL - PURSUANT TO FED. R. CRIM.

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