Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document is a section of iCapital Advisors, LLC's Form ADV Part 2A, detailing the handling of capital contributions, defaults, and liabilities within a series limited partnership. It outlines the potential consequences for investors who fail to meet their capital contribution obligations and discusses the uncertainties surrounding the legal segregation of assets within the partnership.
Metadata
- Subject
- Form ADV Part 2A
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0040407
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital Advisors, LLC | business | Investors | iCapital may call additional capital from the Investors that have already made the applicable capital contribution. |
| iCapital | business | Underlying Fund | Defaulting Investor will be responsible for interest charges and default charges imposed by an Underlying Fund that arise from or relate to such Investor's failure to pay requested capital contributions. |
Notable Quotes 2
If an Investor fails to pay in full any requested capital contributions. iCapital may take certain actions which may result in a sale of such Investor's Interest or a forfeiture of all or a portion of such Investor's Interest
Each Partnership intends that the assets of each series of that Partnership including the applicable Fund will be structured to comply with the Delaware Act and that such Fund will be operated with the assets of each series segregated on the books and records of such Partnership so that the assets of one series of the Partnership are not subject to the liabilities of any other series; however, there is no assurance that this structure and operation will be respected in all circumstances and in all jurisdictions.
Red Flags 1
- Potential for creditors of one series to seek recourse against the assets of a Fund if the assets attributable to one series are insufficient to meet the debts, liabilities and obligations of such series.
Financial Information
Transactions:
- capital contribution
- sale of such Investor's Interest
- forfeiture of all or a portion of such Investor's Interest
Legal Compliance
- The degree of separation that a Fund enjoys from the debts, liabilities and obligations of other series of a Partnership is not certain.
- It is therefore possible that the assets attributable to one series may be insufficient to meet the debts, liabilities and obligations of such series and. consequently. that creditors of such series will seek recourse against the assets of a Fund.
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
People 1
Organizations 3
iCapital Advisors, LLCUnderlying FundSeries Limited Partnership
Locations 1
Delaware
Text Analysis
- Tone
- Professional
- Purpose
- To describe the terms and conditions related to capital contributions, defaults, and liabilities within a series limited partnership managed by iCapital Advisors, LLC.
- Significance
- This document outlines the financial and legal responsibilities of investors and the potential consequences of defaulting on capital contributions.
File Info
- File Name
- EFTA01355318.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:16.100587
- DOJ Source
- View on DOJ