GLDUS126 Pacific Life Insurance Co
Proprietary and Confidential — Supplement to the Confidential Private Placement
Memorandum
GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P.
AN "ACCESS FUND" INTO GLENDOWER CAPITAL SECONDARY
OPPORTUNITIES FUND IV, LP
(For Investors referred by Deutsche Bank Securities Inc.)
OFFERING OF
LIMITED PARTNER INTERESTS
April 2018
This supplement (the "Supplement') may only be distributed in conjunction with the ConfidentialPrivate
Placement Memorandum dated January 2018 (the 'Memorandum') relating to the offering of limited
partnership interests (the "Interests') in Glendower Access Secondary Opportunities IV (US), L.P. (the
"Access Fund"), which is hereby incorporatedby reference. Potential investors considering the purchase
ofInterests in the Access Fund should carefully review this Supplement and the Memorandum.
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0039950
CONFIDENTIAL SDNY GM_00188134
EFTA01355115