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 Form ADV Part 2A from iCapital Advisors, LLC, outlining the terms and risks associated with investing in Private Access Funds and Underlying Funds. It details the potential penalties for failing to make capital contributions, the lack of recourse against the Underlying Fund, and the limitations of iCapital's responsibilities.
Metadata
- Subject
- Form ADV Part 2A
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0055133
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital | business | Private Access Fund | iCapital manages Private Access Funds |
| Private Access Fund | investment | Underlying Fund | Private Access Fund invests in 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 3
- Potential for substantial penalties for failure to make capital contributions.
- Risk of forfeiture of investment in the Underlying Fund.
- Lack of investor control over voting rights in the Underlying Fund.
Financial Information
Assets:
- investment in the Underlying Fund
Transactions:
- capital contributions
- repayment of distributions
- investment in the Underlying Fund
Legal Compliance
- Potential penalties for failure to make required capital contributions.
- Risk of forfeiture of investment in the Underlying Fund.
- Lack of recourse against the Underlying Fund.
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 6
SOUTHERN FINANCIAL LLCiCapital Advisors, LLCiCapitalPrivate Access FundUnderlying FundUnderlying Fund Manager
Text Analysis
- Tone
- Professional
- Purpose
- To inform investors about the terms and risks associated with investing in Private Access Funds and Underlying Funds.
- Significance
- This document 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
- EFTA01364585.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:35.858879
- DOJ Source
- View on DOJ