Illegal Activity
suspicious
Blackmail
none
Date
Unknown
Document Type
memo
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
This document summarizes the key terms for investors in the Access Fund, including fees, expenses, and the relationship between the Access Fund, the Underlying Fund, DBSI, and iCapital Advisors. It highlights that DBSI receives fees from both the Access Fund and the Underlying Fund, and that investors committing directly to the Underlying Fund may experience higher returns.
Metadata
- Subject
- Summary of Key Terms
- Sender
- Henry Nicholas
- Recipients
- —
- Document ID
- DB-SDNY-0039009
- Date
- —
Illegal Activity
- Severity
- suspicious
- Description
- DBSI will receive an additional fee, directly or indirectly from the Underlying Fund (or its affiliates thereof). This could be a conflict of interest.
- Content Type
- first_hand
Relationships 4
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Access Fund | Investment | Underlying Fund | Investors in the Access Fund will be subject to fees, expenses and performance compensation of the Underlying Fund. |
| iCapital Advisors | Business | DBSI | The Access Fund Management Fee will be split between iCapital Advisors and DBSI, with a substantial portion rebated to DBSI. |
| DBSI | Business | Underlying Fund | DBSI also acts as placement agent for the Underlying Fund and will receive related marketing fees. |
| Glendower Capital, LLP | None | DBSI | Neither Glendower Capital, LLP nor iCapital Advisors. LLC are affiliated with DBSI. |
Notable Quotes 2
Investors in the Access Fund will be subject to fees, expenses and performance compensation of the Underlying Fund in addition to the Access Fund Fee and Access expenses and will experience lower returns than investors committing directly to the Underlying Fund as a result of the fees and expenses associated with an investment in the Access Fund.
DBSI in its sole discretion reserves the right to waive all or any portion of the Placement Fee payable by any particular Limited Partner.
Financial Information
Amounts:$5 million
Assets:
- Capital commitment
- Invested Capital
Transactions:
- Investment in Access Fund
- Payment of Placement Fee
- Split of Access Fund Management Fee
- Payment of marketing fees to DBSI
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealings
People 1
Organizations 4
Access FundDBSIiCapital AdvisorsGlendower Capital, LLP
Text Analysis
- Tone
- Informative
- Purpose
- To provide a summary of key terms for investors in the Access Fund.
- Significance
- This document outlines the fee structure and relationships between various entities involved in the Access Fund.
File Info
- File Name
- EFTA01354415.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:52.565598
- DOJ Source
- View on DOJ