Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
legal filing
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 risks and conflicts of interest associated with investing in a Private Access Fund. It details potential issues such as lack of diversification, higher fees, illiquidity, and the risk of misconduct by the Underlying Fund's management.
Metadata
- Subject
- Form ADV Part 2A
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0039972
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Private Access Fund | investment | Underlying Fund | Private Access Fund invests in the Underlying Fund. |
| iCapital | management | Private Access Fund | iCapital is not the General Partner or manager of the Underlying Fund. None of any Private Access Fund, iCapital or any of their affiliates will take part in the management of the Underlying Fund or have control over its management strategies and policies. |
Notable Quotes 2
Investors in a Private Access Fund may receive in-kind distributions to the extent the Underlying Fund distributes securities in-kind to its investors and the securities or other assets so received in an in-kind distribution may not be marketable or otherwise freely tradable.
Each Private Access Fund is subject to the risk of bad judgment. negligence, or misconduct of the general partner or manager of the Underlying Fund and its affiliates.
Red Flags 2
- Potential for substantial losses due to sponsor misconduct.
- In-kind distributions of illiquid securities.
Financial Information
Assets:
- Short term interest bearing accounts
- Securities
- Cash
Transactions:
- Investment in Underlying Fund
- Distributions of securities in-kind
Legal Compliance
- potential lack of diversification
- higher fees
- lack of information regarding valuations and pricing
- illiquid securities
- restrictions on transfer
- risk of bad judgment, negligence, or misconduct of the general partner or manager of the Underlying Fund and its affiliates
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 5
GLDUS127 Annandale CapitaliCapital Advisors, LLCPrivate Access FundUnderlying FundiCapital
Text Analysis
- Tone
- Informative
- Purpose
- To inform prospective investors of the risks and conflicts of interest associated with investing in a Private Access Fund.
- Significance
- This document outlines the risks associated with investing in a Private Access Fund, including potential lack of diversification, higher fees, and illiquidity.
File Info
- File Name
- EFTA01355126.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:55.136876
- DOJ Source
- View on DOJ