EFTA01394013.pdf

GLDUS137 Forrestal Capital LLC SOF IV - Master Fund Key Terms Same key terms as SOF III with an increased team commitment The Fund Glendower Capital Secondary Opportunities Fund IV, LP Target Size USS1.75 billion (US$2.5 billion hard cap) Structure English private fund limited partnership Investment Period 4 years from final closing 7 years from final closing plus up to 5 one-year extensions (the first three one-year extensions being at the discretion of Term Glendower and the final two one-year extensions requiring the consent of the SOF IV advisory committee) Minimum Commitment USS5 million Team Commitment Min of 1% of aggregate commitments 1.25% p.a. of commitments during Investment Period General Partner Share 1.00% p.a. of Invested Capital' for a period of 2 years after the Investment Period, thereafter greater of 90% of previous year and 0.25% Carried Interest 12.5% on a whole fund basis Hurdle Rate 8% (with 100% catch-up) Clawback Yes ≥-ease,€) read the confident-A private plawri.ent men orandten ot tbka Fin) tUte -Meitiorarylum") or the full dkseicAttee of risk factors. conflicts of interest. conykiste terms, aryl regulatory• and taw considerations of *as Fund. For hither diailcssure of fees, such as lees and tN.%enses pad by the Fund. please refer to the Memorandum, the amended and restated limited partnership agreement and the deed of adherence ol i1" doctanents are tri the process of being pc-spary- .1 and will be made available to prospectrw investors upon recNest. 1) Invested Capital is the amount of capital invested in investments and the remaining unhanded obligations reasonably reserved by Glendower for such investments. Glendower STRICTLY CONFIDENTIAL 4 Capital CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0099942 CONFIDENTIAL SDNY_GM_00246126 EFTA01394013