Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document is a Form ADV Part 2A from Aspen Grove Capital and iCapital Advisors, outlining the risks and conflicts of interest associated with investing in Private Access Funds. It highlights potential losses, illiquidity, and reliance on the performance of the Underlying Fund.
Metadata
- Subject
- Form ADV Part 2A
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0098696
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Private Access Fund | investment | Underlying Fund | Private Access Fund invests in Underlying Fund |
| iCapital | management | Private Access Fund | iCapital is not the General Partner or manager of the Underlying Fund. None of any Private Access Fund, iCapital or any of their affiliates will take part in the management of the Underlying Fund or have control over its management strategies and policies. |
Notable Quotes 2
Investors in a Private Access Fund may lose the entire amount of their investment
The returns of the Private Access Fund will depend almost entirely on the performance of its investment in the Underlying Fund and there can be no assurance that the Underlying Fund will be able to implement its investment objective and strategy.
Red Flags 2
- Potential for substantial losses due to sponsor misconduct.
- In-kind distributions of illiquid securities.
Financial Information
Assets:
- Short term interest bearing accounts
- Securities
- Cash
Transactions:
- Investment in Underlying Fund
- Distributions of securities in-kind
Legal Compliance
- Risk of bad judgment, negligence, or misconduct of the general partner or manager of the Underlying Fund and its affiliates.
- Investors in a Private Access Fund may receive in-kind distributions to the extent the Underlying Fund distributes securities in-kind to its investors and the securities or other assets so received in an in-kind distribution may not be marketable or otherwise freely tradable.
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 5
Aspen Grove Capital, LLCiCapital Advisors, LLCPrivate Access FundUnderlying FundiCapital
Text Analysis
- Tone
- Informative
- Purpose
- To inform potential investors of the risks and conflicts of interest associated with investing in a Private Access Fund.
- Significance
- This document outlines the risks associated with investing in Private Access Funds, including potential lack of diversification, higher fees, and illiquidity.
File Info
- File Name
- EFTA01393209.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:24.010662
- DOJ Source
- View on DOJ