Illegal Activity
suspicious
Blackmail
none
Date
April 2018
Document Type
Supplement to Confidential Private Placement Memorandum
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., detailing the role, fees, and potential conflicts of interest of Deutsche Bank Securities Inc. as a placement agent. It also discloses past regulatory settlements involving Deutsche Bank Securities Inc.
Metadata
- Subject
- 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
- Sender
- —
- Recipients
- —
- Document ID
- GLDUS132
- Date
- April 2018
Illegal Activity
- Severity
- suspicious
- Description
- The document mentions past regulatory settlements involving Deutsche Bank Securities Inc., which could be considered suspicious but does not indicate ongoing illegal activity by the sender or participants.
- Content Type
- none
Relationships 5
| 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. will act as a Placement Agent and refer and/or introduce certain of its clients to the Access Funds. |
| Investment Manager | Payment for Services | Deutsche Bank | The Investment Manager will, in exchange for Deutsche Bank performing certain servicing functions, pay to Deutsche Bank a fee (the "Servicing Fee"). |
| DB Introduced Person | Payment of Placement Fee | Deutsche Bank | Each DB Introduced Person will directly pay Deutsche Bank a Placement Fee (the "DB Placement Fee") |
| Glendower GP | Payment of Placement Fee | Deutsche Bank | Glendower GP or an affiliate shall pay Deutsche Bank a placement fee equal to 0.75% of the portion of the Access Fund's aggregate capital commitment to the Underlying Fund attributable to the Subscriptions of each DB Introduced Person. |
Notable Quotes 2
This supplement (the "Supplement") may only be distributed in conjunction with the Confidential Private Placement Memorandum dated January 2018 (the "Memorandum") relating to the offering of limited partnership interests (the "Interests") in Glendower Access Secondary Opportunities IV (U.S.), L.P.
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 2
- The potential for Deutsche Bank to receive fees may create an incentive for Deutsche Bank to recommend and market an investment into the Access Funds and presents a potential conflict of interest in recommending a direct or indirect investment in the Access Funds as compared to investments in other funds where Deutsche Bank may not receive such fees or may receive lower fees.
- Deutsche Bank clients investing directly in the Underlying Fund will not bear the additional layer of fees and expenses to which DB Introduced Persons are subject.
Financial Information
Amounts:$3 million$5 million0.65%0.45%0.05%0.4875%0.36%0.20%1 million$20,0000.75%$87.5 million
Transactions:
- Payment of Servicing Fee by Investment Manager to Deutsche Bank
- Payment of DB Placement Fee by DB Introduced Person to Deutsche Bank
- Payment of Placement Fee by Glendower GP to Deutsche Bank
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 role as placement agent and the fees it receives.
- Disclosure of past regulatory settlements involving Deutsche Bank Securities Inc.
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigationBusiness dealingsCommunications/correspondence
Organizations 14
EverWatch FinancialGlendower Access Secondary Opportunities IV (U.S.), L.P.Glendower Capital Secondary Opportunities Fund IV, LPDeutsche Bank Securities Inc.Deutsche BankGlendower Access Secondary Opportunities IV (International), L.P.U.S. Internal Revenue ServiceGlendower GPGlendower Capital, LLCSECNational Association of Securities DealersNew York Stock ExchangeNew York Attorney GeneralNew Jersey Department of Securities
Locations 3
U.S.EnglishNew York
Financial Entities 1
Deutsche Bank
Text Analysis
- Tone
- Informative, legalistic
- Purpose
- To supplement the Confidential Private Placement Memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P. with information regarding Deutsche Bank Securities Inc.'s role as Placement Agent and related fees and potential conflicts of interest.
- Significance
- This document outlines the financial arrangements and potential conflicts of interest related to Deutsche Bank's involvement as a placement agent for the Glendower Access Secondary Opportunities IV (U.S.), L.P. fund. It also discloses past regulatory settlements involving Deutsche Bank Securities Inc.
File Info
- File Name
- EFTA01440251.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:50.983999
- DOJ Source
- View on DOJ