Illegal Activity
suspicious
Blackmail
none
Date
April 2018
Document Type
Memorandum Supplement
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This document is a supplement to a 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 details the fees paid to Deutsche Bank, potential conflicts of interest, and past regulatory settlements involving Deutsche Bank Securities Inc.
Metadata
- Subject
- Supplement to the Confidential Private Placement Memorandum - GLENDOWER ACCESS SECONDARY OPPORTUNITIES IV (U.S.), L.P.
- Sender
- Patrick Gerschel
- Recipients
- —
- Document ID
- GLDUS128
- Date
- April 2018
Illegal Activity
- Severity
- suspicious
- Description
- The document mentions past regulatory settlements involving DBSI, which could be considered suspicious but are not direct evidence of ongoing illegal activity by the fund or its agents.
- Content Type
- court_document
Evidence:
- Past regulatory settlements involving Deutsche Bank Securities Inc. with the SEC, the New Jersey Department of Securities, and the New York Attorney General in connection with research analyst independence and the sale of auction rate preferred securities and auction rate securities.
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. |
| Deutsche Bank | Servicing | DB Introduced Person | Deutsche Bank provides servicing functions to DB Introduced Persons and receives a Servicing Fee. |
| Glendower GP | Placement Fee | Deutsche Bank | Glendower GP pays Deutsche Bank a placement fee for clients introduced 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 2
- Potential conflicts of interest arising from Deutsche Bank's role and fee structure.
- Past regulatory issues involving Deutsche Bank Securities Inc.
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 partnership interests
- 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 by Glendower GP to Deutsche Bank
- Settlement agreement with SEC, NASD, NYSE, and NY Attorney General
Public Knowledge
- Context
- The information regarding fees and potential conflicts of interest, as well as the past regulatory settlements involving Deutsche Bank, could be of interest to the media.
- Media Worthy
- Yes
Legal Compliance
- Potential conflicts of interest due to Deutsche Bank's dual role as placement agent for both the Access Fund and the Underlying Fund, and the varying fees received.
- Past regulatory settlements involving Deutsche Bank Securities Inc. 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 flowLegal matters/litigationBusiness dealingsCommunications/correspondence
People 1
Organizations 12
Glendower Access Secondary Opportunities IV (U.S.), L.P.Glendower Capital Secondary Opportunities Fund IV, LPDeutsche Bank Securities Inc.Deutsche BankGlendower GPGlendower Capital, LLCU.S. Internal Revenue ServiceSECNational Association of Securities DealersNew York Stock ExchangeNew York Attorney GeneralNew Jersey Department of Securities
Locations 4
U.S.EnglishNew YorkNew Jersey
Financial Entities 2
Deutsche Bank Securities Inc.Deutsche Bank
Text Analysis
- Tone
- Informative, legalistic
- Purpose
- To supplement and modify the Confidential Private Placement Memorandum for 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 fund.
File Info
- File Name
- EFTA01444387.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:04.731927
- DOJ Source
- View on DOJ