Illegal Activity
suspicious
Blackmail
none
Date
Unknown
Document Type
memo
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document summarizes key terms for investors in the Access Fund, highlighting fees, expenses, and investment options. It notes that DBSI receives fees from both the Access Fund and the Underlying Fund, which could present a conflict of interest.
Metadata
- Subject
- Summary of Key Terms
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0 100784
- Date
- —
Illegal Activity
- Severity
- suspicious
- Description
- The potential conflict of interest with DBSI receiving fees from both funds raises a suspicious circumstance.
- Content Type
- none
Relationships 4
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Access Fund | Investment | Underlying Fund | Investors in the Access Fund will be subject to fees, expenses and performance compensation of the Underlying Fund. |
| DBSI | Financial | Underlying Fund | DBSI will receive an additional fee, directly or indirectly from the Underlying Fund (or its affiliates thereof). |
| iCapital Advisors | Business | DBSI | The Access Fund Management Fee will be split between iCapital Advisors and DBSI, with a substantial portion rebated to DBSI. |
| Glendower Capital, LLP | None | DBSI | Neither Glendower Capital, LLP nor iCapital Advisors. LLC are affiliated with DBSI. |
Notable Quotes 2
Investors in the Access Fund will be subject to fees, expenses and performance compensation of the Underlying Fund in addition to the Access Fund Fee and Access expenses and will experience lower returns than investors committing directly to the Underlying Fund as a result of the fees and expenses associated with an investment in the Access Fund.
DBSI will receive an additional fee, directly or indirectly from the Underlying Fund (or its affiliates thereof).
Red Flags 1
- DBSI receiving fees from both the Access Fund and the Underlying Fund could present a conflict of interest.
Financial Information
Amounts:$5 million
Transactions:
- Investors making a subscription equal to or greater than $5 million have the option of investing directly into the Underlying Fund at the Underlying Fund's discretion.
- Access Fund Management Fee split between iCapital Advisors and DBSI
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealings
People 1
Organizations 8
Access FundUnderlying FundDBSIiCapital AdvisorsGlendower Capital, LLPLLCGeneral PartnerAdvisory Committee
Text Analysis
- Tone
- Informative
- Purpose
- To summarize key terms for investors in the Access Fund.
- Significance
- Provides information about fees, expenses, and investment options related to the Access Fund and the Underlying Fund.
File Info
- File Name
- EFTA01394744.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:10.999511
- DOJ Source
- View on DOJ