Illegal Activity
suspicious
Blackmail
none
Date
Unknown
Document Type
memo
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
This document summarizes the key terms of the Access Fund, including fees, investment options, and the relationship between the Access Fund, the Underlying Fund, and DBSI. It highlights that DBSI receives fees from both funds, which could potentially be a conflict of interest.
Metadata
- Subject
- Summary of Key Terms
- Sender
- Glenn Warren
- Recipients
- —
- Document ID
- DB-SDNY-0097368, SDNY_GM_00243552
- Date
- —
Illegal Activity
- Severity
- suspicious
- Description
- The document mentions DBSI receiving fees from both the Access Fund and the Underlying Fund, which could potentially be a conflict of interest. This is suspicious but not clear evidence of illegal activity.
- Content Type
- first_hand
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 | Business | 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 will receive an additional fee, directly or indirectly from the Underlying Fund (or its affiliates thereof).
Red Flags 1
- DBSI receives fees from both the Access Fund and the Underlying Fund, potentially creating a conflict of interest.
Financial Information
Amounts:$5 million
Assets:
- Capital commitment
- Invested Capital
Transactions:
- Placement Fee payable by any particular Limited Partner
- Access Fund Management Fee split between iCapital Advisors and DBSI
- Rebate to DBSI
- Investment directly into the Underlying Fund
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealings
People 1
Organizations 7
Access FundUnderlying FundDBSIGeneral PartnerAdvisory CommitteeiCapital AdvisorsGlendower Capital, LLP
Text Analysis
- Tone
- Informative
- Purpose
- To summarize the key terms of the Access Fund for potential investors.
- Significance
- This document outlines the fee structure and investment options associated with the Access Fund, including its relationship with the Underlying Fund and DBSI.
File Info
- File Name
- EFTA01392193.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:21.423437
- DOJ Source
- View on DOJ