REPS

the General Partner

G20

Absence of Investment Company Act

the Anti-Tax Avoidance Directives

OECD

the Investment Company Act

The Organization for Economic Co-operation and

Anti-Tax Avoidance Directives

BEPS

Investors

the U.S. Investment Company Act

Base Erosion

the 'Investment Company Act

Fund

the European Council

Confidential Private Placement

Confidential Prnrate Placement

SOUTHERN FINANCIAL LLC Section 7: Risk Factors Glendower Capital Secondary Opportunities Fund IV

Sony