Illegal Activity
suspicious
Blackmail
none
Date
April 2018
Document Type
Private Placement Memorandum Supplement
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document is a supplement to a private placement memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P., focusing on investors introduced by Deutsche Bank Securities Inc. It details the fees paid to Deutsche Bank, potential conflicts of interest, and discloses past regulatory settlements involving Deutsche Bank.
Metadata
- Subject
- Supplement to the Confidential Private Placement Memorandum - GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P.
- Sender
- SOUTHERN FINANCIAL LLC
- Recipients
- —
- Document ID
- GLDUS238
- Date
- April 2018
Illegal Activity
- Severity
- suspicious
- Description
- The document mentions past regulatory settlements involving DBSI with the SEC, the New Jersey Department of Securities, and the New York Attorney General. This is a disclosure of past legal issues, not evidence of current illegal activity by the sender.
- Content Type
- court_document
Relationships 4
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. | Investment | GLENDOWER CAPITAL SECONDARY OPPORTUNITIES FUND IV, LP | The Access Fund is expected to invest substantially all of its assets in the Underlying Fund. |
| Deutsche Bank Securities Inc. | Placement Agent | GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P. | Deutsche Bank Securities Inc. acts as a Placement Agent and refers clients to the Access Funds. |
| Investment Manager | Servicing Fee Payment | Deutsche Bank | The Investment Manager pays Deutsche Bank a Servicing Fee for performing certain servicing functions for DB Introduced Persons. |
| Glendower GP | Placement Fee Payment | Deutsche Bank | The Glendower GP or an affiliate pays Deutsche Bank a placement fee for clients referred to the Underlying Fund. |
Notable Quotes 2
This Supplement has been furnished on a confidential basis and may not be reproduced or used for any other purposes.
Prospective investors should take such fees, and the related potential conflicts of interest, into account when considering and evaluating any recommendations related to a direct or indirect investment in the Underlying Fund.
Red Flags 3
- The varying fee structures for investors introduced by Deutsche Bank, with direct investors in the Underlying Fund not bearing the additional layer of fees and expenses.
- Potential conflicts of interest for Deutsche Bank in recommending investments due to varying fee structures.
- Past regulatory settlements involving DBSI.
Financial Information
Amounts:$3 million$5 million0.65%0.45%0.05%0.4875%0.36%0.20%1.00%1.50%2.00%$20,0000.75%$87.5 million
Assets:
- Limited Partner Interests in Glendower Access Secondary Opportunities IV (U.S.), L.P.
- Assets of Glendower Access Secondary Opportunities IV (U.S.), L.P.
- Invested Capital of the Access Fund
Transactions:
- Offering of Limited Partner Interests in Glendower Access Secondary Opportunities IV (U.S.), L.P.
- Payment of Servicing Fee to Deutsche Bank by the Investment Manager.
- Payment of DB Placement Fee by DB Introduced Persons to Deutsche Bank.
- Payment of placement fee by Glendower GP or an affiliate to Deutsche Bank.
- Settlement payment by DBSI of $87.5 million.
Public Knowledge
- Context
- The information regarding fees and potential conflicts of interest, as well as the disclosure of past regulatory settlements, could be of interest to media and journalists.
- Media Worthy
- Yes
Legal Compliance
- Potential conflicts of interest arising from Deutsche Bank's dual role as placement agent for both the Access Fund and the Underlying Fund, and the varying fees received.
- Disclosure of past regulatory settlements involving DBSI with the SEC, the New Jersey Department of Securities, and the New York Attorney General.
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealingsLegal matters/litigation
Organizations 12
SOUTHERN FINANCIAL LLCGLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P.GLENDOWER CAPITAL SECONDARY OPPORTUNITIES FUND IV, LPDeutsche Bank Securities Inc.Deutsche BankGlendower GPGlendower Capital, LLCSECNational Association of Securities DealersNew York Stock ExchangeNew York Attorney GeneralNew Jersey Department of Securities
Locations 2
U.S.New York
Financial Entities 2
Deutsche Bank Securities Inc.Deutsche Bank
Text Analysis
- Tone
- Formal, legal
- Purpose
- To modify and update the Confidential Private Placement Memorandum of Glendower Access Secondary Opportunities IV (U.S.), L.P. with respect to investors referred by Deutsche Bank Securities Inc.
- Significance
- This document outlines the fees and potential conflicts of interest associated with Deutsche Bank's role as a placement agent for the Access Fund and the Underlying Fund.
File Info
- File Name
- EFTA01429676.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:59.674186
- DOJ Source
- View on DOJ