Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
Form ADV Part 2A
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:44
Summary
This document is a Form ADV Part 2A for Forrestal Capital LLC and iCapital Advisors, LLC, outlining the risks and obligations associated with investing in Private Access Funds, particularly those investing in private equity funds. It highlights potential tax liabilities, illiquidity of investments, and consequences of default.
Metadata
- Subject
- Forrestal Capital LLC iCapital Advisors, LLC
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0099563
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Private Access Fund | Investment | Underlying Fund | Private Access Fund invests in Underlying Fund |
| iCapital | Reliance | Underlying Fund Manager | iCapital relies on Underlying Fund Manager's projections |
Red Flags 2
- Potential for investors to incur tax liabilities exceeding cash distributions.
- Illiquidity of private equity fund investments.
Financial Information
Assets:
- Investments in private equity funds
- Securities
Transactions:
- Capital contributions to Underlying Fund
- Distributions by Private Access Fund to Investors
- Repayment of amounts to Private Access Fund
Public Knowledge
- Context
- This is a standard disclosure document for investors in private equity funds.
Legal Compliance
- Tax liabilities in excess of cash distributions
- UBTI for tax-exempt investors
- Illiquidity of Private Access Fund Investments
- Consequences of Default
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 5
Forrestal Capital LLCiCapital Advisors, LLCPrivate Access FundUnderlying FundiCapital
Locations 1
U.S.
Text Analysis
- Tone
- Informative, cautionary
- Purpose
- To inform investors about the risks and obligations associated with investing in Private Access Funds.
- Significance
- This document outlines the potential financial and legal risks involved in investing in private equity funds through Private Access Funds.
File Info
- File Name
- EFTA01393784.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:44:01.324972
- DOJ Source
- View on DOJ