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
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055221
CONFIDENTIAL SONY GM_00201405
EFTA01364673