Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
This document is a Form ADV Part 2A from iCapital Advisors, LLC, outlining the risks associated with investing in their Funds. Key risks include potential investor default, cross-series liabilities within series limited partnerships, and reliance on the Sub-Adviser's expertise.
Metadata
- Subject
- Form ADV Part 2A
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0099564, SDNY_GM_00245748
- Date
- —
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital | Financial | Investors | iCapital may call additional capital from the Investors that have already made the applicable capital contribution. |
| Partnership | Legal | Fund | Relationship between a Partnership and a Fund as a series of a series limited partnership. |
| Fund | Business | Sub-Adviser | The success of a Fund depends 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 uncertainty surrounding the legal segregation of funds within a series limited partnership.
- The potential for a Sub-Adviser's departure to negatively impact the Fund's performance.
Financial Information
Assets:
- Assets of the Fund
- Assets of the limited partnership
Transactions:
- Capital contributions
- Sale of Investor's Interest
- Forfeiture of Investor's Interest
Legal Compliance
- Potential for cross-series liabilities within a series limited partnership.
- Risk of investor default on capital contributions and associated penalties.
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 6
GLDUS137 Forrestal Capital LLCiCapital Advisors, LLCUnderlying FundPartnershipSub-AdviserDirect Investment Fund
Locations 1
Delaware
Text Analysis
- Tone
- Formal
- Purpose
- To describe the risks and liabilities associated with investing in the Funds.
- Significance
- This document outlines the potential financial and legal risks associated with investing in the Funds, including the possibility of default, cross-series liabilities, and reliance on the Sub-Adviser.
File Info
- File Name
- EFTA01393785.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:00.034629
- DOJ Source
- View on DOJ