EFTA01393328.pdf

GLDUS130 Aspen Grove Capital, LLC Proprietary and Confidential — Supplement to the Private Placement Memorandum GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. AN "ACCESS FUND" INTO GLENDOWER CAPITAL SECONDARY OPPORTUNITIES FUND IV, L.P. OFFERING OF LIMITED PARTNER INTERESTS March 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 (U.S.), 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-0098846 CONFIDENTIAL SDNY_GM_00245030 EFTA01393328