Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
other
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:44
Summary
This document describes the financial and legal obligations of Limited Partners investing in the Access Fund, including contributions for expenses, indemnification responsibilities, and potential giveback requirements. It outlines the relationship between the Access Fund, the Underlying Fund, the Investment Manager, and the General Partner, highlighting the allocation of expenses and potential liabilities.
Metadata
- Subject
- GLDUS140 Lawrence Hirsch
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0100593, SDNY GM_00245777
- Date
- —
Relationships 4
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Limited Partners | Financial | Access Fund | Limited Partners contribute to the Access Fund to fund expenses. |
| Access Fund | Investment | Underlying Fund | Access Fund invests in the Underlying Fund as a limited partner. |
| Investment Manager | Management | Access Fund | Investment Manager allocates expenses between the Access Fund and Parallel Access Funds. |
| General Partner | Management | Access Fund | General Partner determines operating expenses related to Feeder Funds. |
Notable Quotes 2
Any contributions by Limited Partners to the Access Fund to fund their share of Access Fund expenses shall reduce the unpaid portion of such Limited Partner's Subscription (i.e., a Limited Partner will not be required to contribute amounts in addition to its Subscription to fund their share of Access Fund expenses); except as otherwistoro_vided_hertin_or in.the_Partnersbio_A,greement.
To the extent the Access Fund incurs any indemnification or other liability or is otherwise required to return distributions to the Underlying Fund in accordance with the Underlying Fund LPA (including in respect of any indemnification or other liability incurred by the Access Fund in its capacity as a limited partner of the Underlying Fund), each Limited Partner may be required to return distributions received from the Access Fund to fund its proportionate share of such liability or obligation
Red Flags 2
- Potential for Limited Partners to be required to return distributions to cover indemnification obligations.
- The aggregate amount of returns from any Limited Partner shall not exceed the aggregate amount of 25% of all distributions received by such Limited Partner.
Financial Information
Amounts:25%
Transactions:
- Contributions by Limited Partners to the Access Fund
- Payment of operating expenses by Feeder Funds
- Payment of management fees and carried interest by Access Fund
- Indemnification payments by Access Fund
- Return of distributions by Limited Partners to Access Fund
Legal Compliance
- Indemnification obligations of the Underlying Fund
- Limited Partner Giveback requirements
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
People 1
Organizations 5
Access FundUnderlying FundInvestment ManagerGeneral PartnerParallel Access Funds
Text Analysis
- Tone
- Professional
- Purpose
- To describe the financial and legal obligations of Limited Partners in relation to the Access Fund and the Underlying Fund, including expenses, indemnification, and giveback provisions.
- Significance
- This document outlines the financial risks and obligations associated with investing in the Access Fund, particularly concerning indemnification and potential clawbacks of distributions.
File Info
- File Name
- EFTA01394568.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:44:03.621804
- DOJ Source
- View on DOJ