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 iCapital Advisors, LLC, outlining the potential risks and liabilities associated with investing in their Funds. It discusses issues such as investor default, cross-series liabilities within series limited partnerships, and the reliance on sub-advisers for investment decisions.
Metadata
- Subject
- Form ADV Part 2A
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0099131, SDNY_GM_00245315
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital Advisors, LLC | business | Investors | iCapital may call additional capital from the Investors that have already made the applicable capital contribution. |
| Fund | business | Sub-Adviser | The success of a Fund depends, to a great extent on a Sub-Adviser's ability to identify favorable investment opportunities. |
Notable Quotes 2
If an Investor fails to pay in full any requested capital contributions. iCapital may take certain actions which may result in a sale of such Investor's Interest or a forfeiture of all or a portion of such Investor's Interest
Each Partnership intends that the assets of each series of that Partnership including the applicable Fund will be structured to comply with the Delaware Act and that such Fund will be operated with the assets of each series segregated on the books and records of such Partnership so that the assets of one series of the Partnership are not subject to the liabilities of any other series; however, there is no assurance that this structure and operation will be respected in all circumstances and in all jurisdictions.
Red Flags 2
- The potential for cross-series liabilities could expose investors to risks beyond their initial investment.
- The reliance on sub-advisers introduces a risk that the Fund's performance could be negatively impacted if the sub-adviser's key employees leave or the sub-advisory agreement is terminated.
Financial Information
Assets:
- assets of that series
- assets of the limited partnership
Transactions:
- capital contribution
- sale of such Investor's Interest
- forfeiture of all or a portion of such Investor's Interest
Legal Compliance
- Potential for cross-series liabilities within a series limited partnership.
- Risk of investor default and associated legal remedies.
- Reliance on the Sub-Adviser and its Personnel.
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 6
GLDUS131 Bright GroupiCapital Advisors, LLCUnderlying FundPartnershipSub-AdviserDirect Investment Fund
Locations 1
Delaware
Text Analysis
- Tone
- Professional
- Purpose
- To describe the potential risks and liabilities associated with investing in the Funds managed by iCapital Advisors, LLC.
- Significance
- This document outlines the potential financial risks and legal liabilities associated with investing in the Funds, including the possibility of default, cross-series liabilities, and reliance on sub-advisers.
File Info
- File Name
- EFTA01393532.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:56.919635
- DOJ Source
- View on DOJ