Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
Form ADV Part 2A
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 terms and risks associated with investing in Private Access Funds, including potential penalties for failing to meet capital contribution obligations and the lack of recourse against the Underlying Fund. It emphasizes that iCapital is not providing investment advice and investors should consult their own advisors.
Metadata
- Subject
- iCapital Advisors, LLC
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0094385, SDNY_GM_00240569
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital Advisors, LLC | Business | Private Access Fund | iCapital Advisors 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). iCapital may impose substantial penalties on such Investor and use any available remedies to enforce the contribution obligation.
Investors in a Private Access Fund will not be limited partners of the Underlying Fund, will have no direct interest in the Underlying Fund and will have no standing or recourse against the Underlying Fund, the Underlying Fund Manager. their respective affiliates o• any of their respective advisors, officers, directors, employees, partners or members.
Red Flags 3
- Substantial penalties for failing to meet capital contribution obligations.
- Potential for forfeiture of investment in Underlying Fund.
- Lack of recourse against Underlying Fund.
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 to Underlying Fund
Public Knowledge
- Context
- This is a standard disclosure document for investors.
Legal Compliance
- Potential penalties for failing 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.
- Underlying Fund may require Private Access Fund to repay distributions to meet indemnification obligations.
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
People 1
Organizations 4
iCapital Advisors, LLCPrivate Access FundUnderlying FundUnderlying Fund Manager
Text Analysis
- Tone
- Formal, Legalistic
- Purpose
- To inform investors about the risks and terms associated with investing in Private Access Funds.
- Significance
- Outlines the potential penalties for failing to meet capital contribution obligations and the lack of recourse against the Underlying Fund.
File Info
- File Name
- EFTA01390016.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:17.254936
- DOJ Source
- View on DOJ