Illegal Activity
suspicious
Blackmail
none
Date
Unknown
Document Type
memo
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This document summarizes the key terms of the Access Fund, highlighting the fees, expenses, and investment options available to investors. It also notes potential conflicts of interest related to DBSI's role as both a recipient of management fees and a placement agent for the Underlying Fund.
Metadata
- Subject
- Summary of Key Terms
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0096041 SDNY_GM_00242225
- Date
- —
Illegal Activity
- Severity
- suspicious
- Description
- The potential conflicts of interest with DBSI receiving fees from multiple sources related to the Access Fund and Underlying Fund raise concerns.
- Content Type
- none
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Access Fund | investment | Underlying Fund | Investors in the Access Fund will be subject to fees, expenses and performance compensation of the Underlying Fund. |
| iCapital Advisors | business | DBSI | The Access Fund Management Fee will be split between iCapital Advisors and DBSI, with a substantial portion rebated to DBSI. |
| Glendower Capital, LLP | none | DBSI | Neither Glendower Capital, LLP nor iCapital Advisors. LLC are affiliated with DBSI. |
Notable Quotes 2
Investors in the Access Fund will be subject to fees, expenses and performance compensation of the Underlying Fund in addition to the Access Fund Fee and Access expenses and will experience lower returns than investors committing directly to the Underlying Fund as a result of the fees and expenses associated with an investment in the Access Fund.
DBSI in its sole discretion reserves the right to waive all or any portion of the Placement Fee payable by any particular Limited Partner.
Red Flags 2
- DBSI receiving an additional fee, directly or indirectly, from the Underlying Fund (or its affiliates thereof) could present a conflict of interest.
- DBSI also acts as placement agent for the Underlying Fund and will receive related marketing fees, which could present a conflict of interest.
Financial Information
Amounts:$5 million
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealings
Organizations 10
GLDUS139Mid Lake CapitalAccess FundUnderlying FundDBSIGeneral PartnerAdvisory CommitteeiCapital AdvisorsGlendower Capital, LLPLLC
Text Analysis
- Tone
- Professional
- Purpose
- To summarize the key terms of the Access Fund, including fees, expenses, and investment options.
- Significance
- This document outlines the financial arrangements and relationships between various entities involved in the Access Fund and the Underlying Fund.
File Info
- File Name
- EFTA01391230.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:06.263056
- DOJ Source
- View on DOJ