Raymond James & Placement Management Limited Agents Associates

Raymond James Financial Services

LLP

KPMG

Depositary Aztec Financial Services Fund Administrator

Ernst & Young LLP

Deloitte Touche Partner

Confidential Private Placement

Tohmatsu

Deloitte Touche Partner and Tohmatsu

Credit Suisse Asset Regional

Glendower Capital Secondary Opportunities Fund IV

Glendower Capital Secondary Opportunities Fund N

the Manager Ernst & Young LLP Depositary Aztec Financial Services Fund Administrator

Glendower Capital Secondary Opportunities Fund rV

Southern Financial LLC

Confidential Private Pboement Memorandum