Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
Form ADV Part 2A
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:40
Summary
This document is a Form ADV Part 2A from iCapital Advisors, LLC, outlining the risks and obligations associated with investing in Private Access Funds. It details potential tax liabilities, illiquidity of investments, and consequences of default on capital contributions.
Metadata
- Subject
- iCapital Advisors, LLC
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0095267
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Private Access Fund | Investment | Underlying Fund | Private Access Fund invests in Underlying Fund |
| iCapital | Reliance on Projections | Underlying Fund Manager/Sub-Adviser | iCapital relies on projections from Underlying Fund Manager/Sub-Adviser |
Red Flags 3
- Potential for investors to be required to return distributions to satisfy obligations.
- Tax liabilities in excess of cash distributions.
- Illiquidity of investments.
Financial Information
Assets:
- Investments in private equity funds
- Securities
Transactions:
- Capital contributions to Underlying Fund
- Distributions by Private Access Fund to Investors
- Repayment of amounts to Private Access Fund
Public Knowledge
- Context
- Form ADV Part 2A is a disclosure document required by the SEC for registered investment advisors.
Legal Compliance
- Potential tax liabilities exceeding cash distributions
- UBTI for tax-exempt investors
- Illiquidity of private equity fund investments
- Consequences of default on capital contributions
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
People 1
Organizations 3
iCapital Advisors, LLCPrivate Access FundUnderlying Fund
Locations 1
U.S.
Text Analysis
- Tone
- Informative, cautionary
- Purpose
- To inform investors of risks and obligations associated with investing in Private Access Funds.
- Significance
- Details the financial and legal obligations of investors in Private Access Funds, including tax liabilities and potential for illiquidity.
File Info
- File Name
- EFTA01390693.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:40:59.914548
- DOJ Source
- View on DOJ