Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This document is Form ADV Part 2A for iCapital Advisors, LLC, detailing its fees, client types, and investment strategies. It outlines the potential for speculative investments due to performance-based compensation and the reliance of the Funds on exemptions under the Investment Company Act.
Metadata
- Subject
- Form ADV Part 2A
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0055128
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital | Client | Funds | The Clients of iCapital are the Funds. |
| Private Access Fund | Investment | Underlying Fund | A Private Access Fund will bear its pro rata share of management fees, performance fees, carried interest or other expenses charged by an Underlying Fund. |
Notable Quotes 2
Performance-based compensation may create an incentive for iCapital to make more speculative investments than would otherwise be made or make decisions regarding the timing and manner of realization of investments differently than if such compensation were not received.
The Funds rely on an exemption from the definition of "investment company" under Section 3(c)(7) or Section 3(c)(I) of the Investment Company Act, which requires that its securities are to be held exclusively by "Qualified Purchasers" as defined in the Investment Company Act
Red Flags 1
- The potential for iCapital to make more speculative investments due to performance-based compensation.
Financial Information
Amounts:$100,000$250,000
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 6
SOUTHERN FINANCIAL LLCiCapital Advisors, LLCiCapitalDirect Investment FundPrivate Access FundUnderlying Fund
Text Analysis
- Tone
- Professional
- Purpose
- To provide information about iCapital Advisors, LLC, including fees, client types, and investment strategies.
- Significance
- This document outlines the operational and financial aspects of iCapital Advisors, LLC, and its relationship with its clients (the Funds).
File Info
- File Name
- EFTA01364580.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:51.947095
- DOJ Source
- View on DOJ