EFTA01355310.pdf

GLDUS127 Annandale Capital Proprietary and Confidential — Supplement to the Confidential Private Placement Memorandum GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. AN "ACCESS FUND" INTO GLENDOWER CAPITAL SECONDARY OPPORTUNITIES FUND IV, LP (For Investors referred by Deutsche Bank Securities Inc.) OFFERING OF LIMITED PARTNER INTERESTS April 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 (US), 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-0040382 CONFIDENTIAL SDNY GM_00188588 EFTA01355310