Illegal Activity
suspicious
Blackmail
possible
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, outlining its fees, client types, and investment strategies. It discusses performance-based compensation, the use of side letters with investors, and the types of clients served by iCapital.
Metadata
- Subject
- Form ADV Part 2A
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0095692, SDNY_GM_00241876
- Date
- —
Illegal Activity
- Severity
- suspicious
- Description
- The document describes the possibility of 'Side Letters' which could potentially be used to circumvent regulations or provide unfair advantages, raising a suspicion of potential illegal activity.
- Content Type
- none
Blackmail Indicators
- Likelihood
- possible
- Description
- The use of 'Side Letters' could potentially be used to exert influence or create preferential treatment, which could be a component of coercion in certain situations.
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital | Client | Funds | iCapital provides services to 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.
iCapital may from time to time enter into letter agreements or other similar agreements (collectively, "Side Letters") with one or more investors or shareholders of a pooled investment vehicle which provide such investor or shareholder(s) with additional and/or different rights
Red Flags 2
- The potential for iCapital to make more speculative investments due to performance-based compensation.
- The use of Side Letters which provide certain investors with different rights than others.
Financial Information
Amounts:$100,000$250,000
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 3
Third Lake CapitaliCapital Advisors, LLCiCapital
Text Analysis
- Tone
- Professional
- Purpose
- To provide information about iCapital Advisors, LLC, including fees, types of clients, and performance-based compensation.
- 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
- EFTA01390989.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:00.105677
- DOJ Source
- View on DOJ