Illegal Activity
none
Blackmail
none
Date
2018-03-30
Document Type
brochure
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document is iCapital Advisors, LLC's Form ADV Part 2A and 2B, providing information about the firm's advisory business, fees, investment strategies, and potential conflicts of interest. It outlines the firm's structure, affiliations, and the backgrounds of key personnel, as well as its commitment to ethical conduct and client privacy.
Metadata
- Subject
- Form ADV Part 2A and 2B: iCapital Advisors, LLC
- Sender
- —
- Recipients
- —
- Document ID
- GLDUS143
- Date
- 2018-03-30
Relationships 21
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| iCapital Advisors, LLC | Subsidiary | Institutional Capital Network, Inc. | iCapital Advisors, LLC is wholly-owned by Institutional Capital Network, Inc. |
| iCapital Securities, LLC | Subsidiary | Institutional Capital Network, Inc. | iCapital Securities, LLC is a wholly-owned subsidiary of Institutional Capital Network, Inc. |
| iCapital Advisors, LLC | Affiliate | iCapital Securities, LLC | iCapital Securities, LLC serves as the Firm's private placement agent in respect of many Funds advised by iCapital. |
| iCapital Advisors, LLC | Service Provider | Gen II Fund Services, LLC and Gen II Hedge Fund Services | Gen II provides fund administration services to the Private Access Funds. |
| iCapital Advisors, LLC | Investor | BNY Capital Corporation | BNY holds a minority ownership interest in Institutional Capital Network, Inc., the parent company of iCapital. |
| iCapital Advisors, LLC | Investor | BlackRock, Inc. | BlackRock, Inc. has invested in Institutional Capital Network, Inc., the parent company of iCapital. |
| iCapital Advisors, LLC | Investor | Credit Suisse Group AG | Credit Suisse Group AG has invested in Institutional Capital Network, Inc., the parent company of iCapital. |
| iCapital Advisors, LLC | Investor | Morgan Stanley Smith Barney | Morgan Stanley Smith Barney has made equity investments in Institutional Capital Network, Inc. |
| iCapital Advisors, LLC | Investor | UBS Financial Services | UBS Financial Services has made equity investments in Institutional Capital Network, Inc. |
| iCapital Advisors, LLC | Collaboration | Fidelity Brokerage Services LLC and National Financial Services LLC | iCapital compensates Fidelity for providing certain administrative services in respect of investors who custody their investment in one or more iCapital Funds with Fidelity. |
| Eileen Duff Blalock | Managing Partner | iCapital Network | Eileen Duff Blalock is Managing Partner and Head of Distribution for iCapital Network |
| Eileen Duff Blalock | Principal | iCapital Securities, LLC | Eileen Duff Blalock is Principal of iCapital Securities, LLC. |
| Phil Pool | Co-Founder and Chairman | iCapital Network | Phil Pool is Co-Founder and Chairman of the Board of iCapital Network. |
| Phil Pool | Co-Chairman | First Avenue Partners | Phil Pool serves as Co-Chairman of First Avenue Partners. |
| Phil Pool | Principal | iCapital Securities, LLC | Phil Pool is Principal of iCapital Securities, LLC. |
| John C. Robertshaw | Co-Founder and Special Advisor | iCapital Network | John C. Robertshaw is a CoFounder and Special Advisor to iCapital Network. |
| John C. Robertshaw | Special Advisor | iCapital Securities, LLC | John C. Robertshaw is a Special Advisor to iCapital Securities, LLC. |
| Daniel Vene | Co-Founder and Managing Partner | iCapital Network | Daniel Vene is Co-Founder and one of the Managing Partners of iCapital Network. |
| Daniel Vene | Employee | iCapital Securities, LLC | Daniel Vene is an employee of iCapital Securities, LLC. |
| Nicholas Veronis | Co-Founder and Managing Partner | iCapital Network | Nicholas Veronis is Co-Founder and one of the Managing Partners of iCapital Network. |
| Nicholas Veronis | Employee | iCapital Securities, LLC | Nicholas Veronis is an employee of iCapital Securities, LLC. |
Notable Quotes 3
Employees must at all times place the interests of the client first.
Employees must make sure that all personal securities transactions are conducted consistent with the Code of Ethics; and
Employees should not take inappropriate advantage of their position.
Red Flags 2
- Multiple potential conflicts of interest due to affiliated entities and investor relationships.
- Reliance on Underlying Fund Managers or Sub-Advisers for valuations, which could lead to overvaluation and higher fees.
Financial Information
Amounts:$100,000$250,000$4,014,735,581.86$12.5 billion$250 billion
Assets:
- Private equity or hedge funds
- Equity securities
- Debt securities
- Real estate or real estate loans or interests
- Cash
- Cash equivalents
Transactions:
- Management fee charged quarterly in advance, typically ranging between 0.25% to 1.25% per annum.
- Investor servicing fee from the Underlying Manager typically charged as a percentage of the Fund's aggregate capital contributions.
- Underlying Funds fees typically include a management fee, which generally ranges from 1% - 2% on an annual basis, and in most cases an incentive compensation arrangement, which generally ranges from 10% - 20% of the capital appreciation in the Underlying Fund.
- Dynasty may receive fees typically ranging from .075% - .25% in relation to investors who are clients of Dynasty's network of financial advisory firms.
- Placement fee as a result of its placement of certain investors in certain Private Access Funds. Such placement fee is typically a percentage of the aggregate capital commitments of an iCapital Private Access Fund to its respective underlying fund.
Public Knowledge
- Context
- Information contained in Form ADV filings is generally available to the public.
- Likely Public
- True
Legal Compliance
- Potential conflicts of interest arising from affiliated broker-dealer (iCapital Securities, LLC), fund administrator (Gen II), and equity investors (BlackRock, Credit Suisse, Morgan Stanley, UBS).
- Potential conflicts of interest arising from compensation from Underlying Fund Managers.
- Potential conflicts of interest arising from fees paid by Brokerage Limited Partners.
- Potential conflicts of interest arising from estimates of fund assets.
- Potential conflicts of interest arising from educational programs offered by iCapital.
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealingsCommunications/correspondenceLegal matters/litigationPolitical connections/influence
People 7
Organizations 100
iCapital Advisors, LLCInstitutional Capital Network, Inc.iCapital Securities, LLCSECFinancial Industry Regulatory AuthorityiCapital Carlyle Property Investors Access Fund, L.P.iCapital-SV7, L.P.iCapital-SLP V Access Fund, L.P.iCapital-MSD Private Credit Opportunity II Access Fund, L.P.iCapital-BTAS IV Access Fund, L.P.BIAS IV Private Investors (U.S.), L.P.Invesco Venture Alpha Feeder Fund, L.P.Private Equity Select Master Trust IPrivate Equity Global Select Master FundPrivate Equity Global Select Master Fund IIPrivate Equity Global Select Master Fund IIIPrivate Equity Global Select Master Fund IVPrivate Equity Global Select Master Fund VPrivate Equity Global Select Fund VI (U.S.), L.P.Private Equity Global Select Fund VII (U.S.), L.P.Private Equity Asia Select Master FundPrivate Equity Asia Select Master Fund IIPrivate Equity Asia Select Fund III (U.S.), L.P.Private Equity Asia Select Fund III (International), L.P.Private Equity Asia Select Fund IV (U.S.), L.P.Private Equity Asia Select Fund IV (International), L.P.Opportunistic Real Estate and Infrastructure Select Fund (International) L.P.Opportunistic Real Estate and Infrastructure Select Fund (U.S.), L.P.Private Equity & Credit Opportunities Select Fund (U.S.), L.P.Private Equity & Credit Opportunities Select Fund (International), L.P.Energy Select Fund (U.S.), L.P.Energy Select Fund (International), L.P.Credit Opportunities Access Fund (International), L.P.Secondary Opportunities Fund II Private Client Feeder Fund.KKR Credit Select Access Fund (U.S.), L.P.Dislocation Opportunities Access Fund (U.S.)Dislocation Opportunities Access Fund (International)Secondary Opportunities Fund III Private Client Feeder Fund (U.S.), L.P.Apollo Credit Select Access Fund (International), L.P.BEP Private Investors II GP, Ltd.BEP Private Investors II (International), L.P.BIAS 2015 Private Investors (U.S.), L.P.BIAS 2015 Private Investors (International), L.P.KKR Credit Select Access Fund II (U.S.), L.P.Vista Software Select Access Fund (U.S.), L.P.Private Equity Global Select II SICAR, S.C.A.Private Equity Global Select IV SICAR, S.C.A.Private Equity Global Select V S.C.A, SICARPrivate Equity Asia Select III S.C.A., SICARPrivate Equity & Credit Opportunities SelectiCapital-OrbiMed Royalty Opportunities II Access Fund, L.P.iCapital-KVV Access Fund, L.P.iCapital-TEP Access Fund, L.P.iCapital-TEP Non-U.S. Access FundStructured Credit Recovery Access Fund, L.P.iCapital-2015 Vintage Access FundiCapital-ApolloiCapital-Warburg Pincus Private Equity XII Access Fund, L.P.iCapital-KV Seed C Access Fund, L.P.iCapital-SH Access Fund, L.P.iCapital- HG Vora Access Fund, L.P.Royalty Investment Fund Limited PartnershipiCapital Private Credit Access Fund, L.P.iCapital Arbitrage FundiCapital Global Access Partnership II, L.P.Horizon Opportunities FundiCapital MLP FundInternational Value Equity FundInternational Growth Equity FundDynasty Securities, LLCCastle Hall Alternatives Inc.BlackRock, Inc.Credit Suisse Group AGMorgan Stanley Smith BarneyUBS Financial ServicesGen II Fund Services, LLCGen II Hedge Fund ServicesBNY Capital CorporationFidelity Brokerage Services LLCNational Financial Services LLCFirst Avenue PartnersWillis Stein & PartnersDonaldson, Lufkin & Jenrette Securities CorporationMerrill LynchKidder, Peabody & Co.Credit Suisse Securities (USA) LLCSalomon BrothersAtlas AdvisorsNewhouse NewspapersThe Teagle FoundationUniversity of DelawareColumbia UniversityMcIntire School of Commerce of the University of VirginiaYale UniversityCornell UniversityThomson FinancialFir Tree PartnersEaton PartnersThe Boston Business JournalThe Star-Ledger
Locations 9
New York, NYUSADelawareLondonChicagoNorth AmericaCentral and Eastern European countriesAsian countriesLatin American countries
Financial Entities 3
BanksInvestment firmsFinancial institutions
Text Analysis
- Tone
- Informative, descriptive, and compliant
- Purpose
- To provide information about iCapital Advisors, LLC's qualifications, business practices, fees, and potential conflicts of interest to prospective investors.
- Significance
- This document is a regulatory filing (Form ADV Part 2A and 2B) required for registered investment advisors, providing transparency to clients and potential investors.
File Info
- File Name
- EFTA01395101.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:31.553712
- DOJ Source
- View on DOJ