The Organization for Economic Co-operation and

the Investment Company Act

the U.S. Investment Company Act

BEPS

the General Partner

G20

the Anti-Tax Avoidance Directives

Anti-Tax Avoidance Directives

OECD

the 'Investment Company Act

the European Council

Base Erosion

Fund

Investors

Absence of Investment Company Act

REPS

Confidential Private Placement

Confidential Prnrate Placement

Sony

SOUTHERN FINANCIAL LLC Section 7: Risk Factors Glendower Capital Secondary Opportunities Fund IV

the United States

New York

Washington

China

Obama