Illegal Activity
suspicious
Blackmail
none
Date
April 2018
Document Type
memorandum supplement
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document is a supplement to the Confidential Private Placement Memorandum for Glendower Access Secondary Opportunities IV (U.S.), L.P., focusing on the role of Deutsche Bank Securities Inc. as a placement agent. It outlines the fees paid to Deutsche Bank, potential conflicts of interest, and certain regulatory matters, including past settlements involving Deutsche Bank.
Metadata
- Subject
- Supplement to the Confidential Private Placement Memorandum - GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P.
- Sender
- Glenn Warren
- Recipients
- —
- Document ID
- GLDUS144
- Date
- April 2018
Illegal Activity
- Severity
- suspicious
- Description
- The document mentions past settlements by Deutsche Bank Securities Inc. with regulatory bodies like the SEC and the New York Attorney General regarding research analyst independence and the sale of auction rate preferred securities. While these are past events, they raise concerns about potential regulatory violations.
- Content Type
- first_hand
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Glendower Access Secondary Opportunities IV (U.S.), L.P. | investment | Glendower Capital Secondary Opportunities Fund IV, LP | Glendower Access Secondary Opportunities IV (U.S.), L.P. invests substantially all of its assets in Glendower Capital Secondary Opportunities Fund IV, LP. |
| 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 Fund. |
| Deutsche Bank | placement agent | Glendower GP | Deutsche Bank also acts as placement agent for the Underlying Fund and will refer clients to the Underlying Fund. |
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.
The DB Placement Fee is a one-time sales charge in addition to and apart from the Subscription, calculated and payable upon closing at a rate determined with respect to the relevant DB Introduced Person's Subscription to the Access Fund (e.g., a DB Introduced Person with an aggregate Subscription of $1 million will pay to Deutsche Bank a DB Placement Fee equal to $20,000).
Red Flags 2
- The DB Placement Fee may be waived or reduced by Deutsche Bank in respect of any particular DB Introduced Person without thereby entitling any other DB Introduced Person to a similar waiver or reduction.
- Potential conflicts of interest for Deutsche Bank to recommend and market an investment into the Access Funds as compared to investments in other funds where Deutsche Bank may not receive such fees or may receive lower fees.
Financial Information
Amounts:$3 million$5 million0.65%0.45%0.05%0.4875%0.36%0.20%0.75%$5,000,000$4,999,9991.00%1.50%2.00%$1 million$20,000$87.5 million
Assets:
- Limited partnership interests in Glendower Access Secondary Opportunities IV (U.S.), L.P.
- Assets of Glendower Access Secondary Opportunities IV (U.S.), L.P.
- Invested Capital
Transactions:
- Offering of limited partnership interests
- Payment of Servicing Fee to Deutsche Bank
- Payment of DB Placement Fee to Deutsche Bank
- Payment of placement fee to Deutsche Bank by Glendower GP
Public Knowledge
- Context
- The document details financial arrangements and potential conflicts of interest related to a private equity fund, which could be of interest to media outlets covering finance and investment.
- Media Worthy
- Yes
Legal Compliance
- Potential conflicts of interest related to Deutsche Bank's role as placement agent and the fees they receive.
- Settlement agreement between DBSI and the SEC, the National Association of Securities Dealers, the New York Stock Exchange and the New York Attorney General regarding research analyst independence.
- Settlement proceedings with the SEC, the New Jersey Department of Securities and New York Attorney General in connection with various claims under the federal securities laws and state common law arising out of the sale of auction rate preferred securities and auction rate securities.
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealingsLegal matters/litigation
People 1
Organizations 13
Glendower 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 ServiceSECNational Association of Securities DealersNew York Stock ExchangeNew York Attorney GeneralGlendower GPGlendower Capital, LLCNew 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 Glendower Access Secondary Opportunities IV (U.S.), L.P. fund.
File Info
- File Name
- EFTA01443582.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:38.394778
- DOJ Source
- View on DOJ