GLOUS238 SOUTHERN FINANCIAL LLC Glendower Capital Secondary Opportunities Fund IV, LP achieve comparable returns to those contained in this Memorandum. Confidential Prrvate Placement Memorandum 110 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0055408 CONFIDENTIAL SDNY_GM_00201592 EFTA01364859