Illegal Activity
suspicious
Blackmail
none
Date
March 30, 2018
Document Type
brochure
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This Form ADV Part 2A brochure provides information about iCapital Advisors, LLC, including its business practices, fees, and potential conflicts of interest. It outlines the risks associated with investing in the Funds managed by iCapital and discloses relationships with affiliated entities and investors that could create conflicts of interest.
Metadata
- Subject
- Form ADV Part 2A
- Sender
- Patrick Gerschel, iCapital Advisors, LLC
- Recipients
- —
- Document ID
- GLDUS128
- Date
- March 30, 2018
Illegal Activity
- Severity
- suspicious
- Description
- The document mentions potential conflicts of interest and incentives that could lead to recommendations not in the best interest of investors. While not direct evidence of illegal activity, these situations could create opportunities for unethical or unlawful behavior.
- Content Type
- first_hand
Relationships 13
| 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 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 | Dynasty Securities, LLC | iCapital has engaged Dynasty Securities, LLC as a service provider for certain Funds. |
| iCapital Advisors, LLC | Service Provider | Gen II Fund Services, LLC | 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. | Affiliates of BlackRock, Inc. have invested in Institutional Capital Network, Inc., the parent company of iCapital. |
| iCapital Advisors, LLC | Investor | Credit Suisse Group AG | Affiliates of Credit Suisse Group AG have invested in Institutional Capital Network, Inc., the parent company of iCapital. |
| iCapital Advisors, LLC | Investor | Morgan Stanley Smith Barney | Affiliates of Morgan Stanley Smith Barney have 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 | Service Agreement | Fidelity Brokerage Services LLC | iCapital has entered into collaboration and services agreements with Fidelity Brokerage Services LLC. |
| iCapital Advisors, LLC | Service Agreement | National Financial Services LLC | iCapital has entered into collaboration and services agreements with National Financial Services LLC. |
| iCapital Advisors, LLC | Service Provider | Castle Hall Alternatives Inc. | iCapital has engaged Castle Hall Alternatives Inc. to assist in hedge fund due diligence. |
Notable Quotes 3
Employees must at all times place the interests of the client first.
Investing in securities involves risk of loss that Investors should be prepared to bear.
iCapital is committed to maintaining the confidentiality, integrity and security of our Investors' personal information.
Red Flags 2
- Potential conflicts of interest arising from iCapital's relationships with affiliated entities and investors.
- The document discloses that iCapital may waive or reduce fees in respect of any Investor and generally intends to waive the fees in respect of any employees of iCapital and certain affiliates and estate-planning vehicles thereof.
Financial Information
Amounts:$100,000$250,000$4,014,735,581.86$12.5 billion$250 billion
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
- This document is a regulatory filing that is publicly available on the SEC's website.
Legal Compliance
- Potential conflicts of interest arising from iCapital's relationship with iCapital Securities, Gen II Fund Services, BNY Capital Corporation, BlackRock, Credit Suisse, Morgan Stanley, UBS, Fidelity Brokerage Services LLC, and National Financial Services LLC.
- The document discusses various risks associated with investing in the Funds, including risk of loss, illiquidity, economic and market risk, and cybersecurity risk.
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealingsLegal matters/litigationEmployment/staffingCommunications/correspondencePolitical connections/influence
People 7
Organizations 88
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 Growth Equity FundInternational Value Equity FundDeutsche BankFidelity Brokerage Services LLCGen II Fund Services, LLCGen II Hedge Fund ServicesBNY Capital CorporationBlackRock, Inc.Credit Suisse Group AGMorgan Stanley Smith BarneyUBS Financial ServicesCastle Hall Alternatives Inc.First Avenue PartnersWillis Stein & PartnersDonaldson, Lufkin & Jenrette Securities CorporationMerrill LynchKidder, Peabody & Co.Salomon BrothersAtlas AdvisorsNewhouse NewspapersThe Teagle Foundation
Locations 6
New York, NYUSALondonChicagoNorth AmericaBoston
Financial Entities 2
Dynasty Securities, LLCBNY
Text Analysis
- Tone
- Professional
- Purpose
- This document is a Form ADV Part 2A brochure providing information about iCapital Advisors, LLC's qualifications, business practices, fees, and potential conflicts of interest.
- Significance
- This document is significant because it provides important disclosures to potential investors about iCapital Advisors, LLC and its affiliated entities, including potential conflicts of interest and risks associated with investing in the Funds.
File Info
- File Name
- EFTA01443593.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:02.547884
- DOJ Source
- View on DOJ