EFTA01386472.pdf

GLOUS238 SOUTHERN FINANCIAL 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 plawnent memorandtenot tbst Fin) Nie -Meitiorarylum") or the full dsdostre of risk factors. conflicts of imerest. ocarmk•ste terms, aril regulatory and tav considerations of Os* Fund. For hither diatiosure of tees, such as lees and tN.%enses pakl by the Fund. please refer to the Memorandum, the amended and restated limited partnership agreement and the deed of adherence el ti r..». 1." domeats are m the process of being preparrd and will be made available to prospectrw investors upon reeves(. 1) Invested Capital is the amount of capital invested in investments and the remaining unfunded obligations reasonably reserved by Glendower for such investments. Glendower 43 STRICTLY CONFIDENTIAL Capital CONFIDENTIAL - PURSUANT TO FED. R CRIM. P. 6(e) DB-SDNY-0088187 CONFIDENTIAL SDNY_GM_00234371 EFTA01386472