Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
Form ADV Part 2A
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This document is a Form ADV Part 2A from iCapital Advisors, LLC, concerning Annandale Capital. It outlines the terms, risks, and limitations associated with investing in Private Access Funds, including potential penalties for failure to make capital contributions and the lack of recourse against the Underlying Fund.
Metadata
- Subject
- Annandale Capital, iCapital Advisors, LLC
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0039973, SDNY_GM_00186157
- Date
- —
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital | Business | Private Access Fund | iCapital makes Private Access Funds available. |
| Private Access Fund | Investment | Underlying Fund | Private Access Fund invests in Underlying Fund. |
| Underlying Fund Manager | Management | Underlying Fund | Underlying Fund Manager manages the Underlying Fund. |
Notable Quotes 2
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.
By making the Private Access Funds available, neither iCapital nor any of its affiliates is providing investment advice or making any recommendation as to the advisability of an investment in a Private Access Fund or the Underlying Fund.
Red Flags 4
- Substantial penalties for failure to make required capital contributions.
- Forfeiture of investment in Underlying Fund due to default.
- Lack of recourse against the Underlying Fund for investors in a Private Access Fund.
- Terms of Underlying Fund are subject to change.
Financial Information
Assets:
- Investment in the Underlying Fund
Transactions:
- Capital contributions to Private Access Fund
- Recalls of distributed capital
- Investment in Underlying Fund
- Repayment of distributions
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 for investors in a Private Access Fund.
- Terms of Underlying Fund are subject to change.
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 6
Annandale CapitaliCapital Advisors, LLCiCapitalPrivate Access FundUnderlying FundUnderlying Fund Manager
Text Analysis
- Tone
- Informative
- Purpose
- To inform investors about the terms and risks associated with investing in Private Access Funds.
- Significance
- Outlines the responsibilities and limitations of iCapital, the risks associated with capital contributions, and the lack of recourse against the Underlying Fund.
File Info
- File Name
- EFTA01355127.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:24.028477
- DOJ Source
- View on DOJ