Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
Form ADV Part 2A
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
This document is a Form ADV Part 2A from iCapital Advisors, LLC, outlining the terms and risks associated with investing in Private Access Funds. It details potential penalties for failing to meet capital contribution obligations and the lack of recourse investors have against the Underlying Funds.
Metadata
- Subject
- iCapital Advisors, LLC
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0038665, SDNY_GM_00184849
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital Advisors, LLC | Business | Private Access Fund | iCapital Advisors manages Private Access Funds. |
| Private Access Fund | Investment | Underlying Fund | Private Access Funds invest in Underlying Funds. |
Notable Quotes 3
iCapital cannot predict the timing and amounts of the capital contributions that will be required to be made by Investors to any Private Access Fund.
If an Investor fails to make a required capital contribution to a Private Access Fund on its due date (including, without limitation, recalls of distributed capital). regardless of the reason (including legal or other prohibitions). Capital may impose substantial penalties on such Investor and use any available remedies to enforce the contribution obligation.
Investors in a Private Access Fund will not be limited partners of the Underlying Fund, will have no direct interest in the Underlying Fund and will have no standing or recourse against the Underlying Fund, the Underlying Fund Manager.
Red Flags 3
- Substantial penalties for failure to make required capital contributions.
- Potential for forfeiture of investment in Underlying Fund.
- Lack of investor control over Underlying Fund decisions.
Financial Information
Assets:
- Investment in Underlying Fund
Transactions:
- Capital contributions to Private Access Funds
- Recalls of distributed capital
- Investment in Underlying Fund
- Repayment of distributions to Underlying Fund
Legal Compliance
- Potential penalties for failure to make required capital contributions.
- Risk of forfeiture of investment in Underlying Fund due to default.
- Lack of recourse against the Underlying Fund.
- Changes to the terms of the Underlying Fund.
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
People 1
Organizations 4
iCapital Advisors, LLCPrivate Access FundUnderlying FundUnderlying Fund Manager
Text Analysis
- Tone
- Professional
- Purpose
- To inform investors about the risks and terms associated with investing in Private Access Funds.
- Significance
- This document outlines the potential risks and obligations of investors in Private Access Funds, including capital calls, penalties for non-payment, and the lack of recourse against Underlying Funds.
File Info
- File Name
- EFTA01354071.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:31.325295
- DOJ Source
- View on DOJ