The document outlines the financial and tax implications for investors in Private Access Funds managed by iCapital Advisors, LLC. It discusses the potential tax liabilities, illiquidity of investments, economic and market risks, and consequences of default for investors. It also highlights the requirement for investors to obtain extensions for filing tax returns and the potential for tax-exempt investors to recognize UBTI.
doj/DataSet10/EFTA01390017.pdf
{"title":"iCapital Advisors, LLC - Form ADV Part 2A","key_people":["Ian Slome"],"document_type":"financial","document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC"],"reference_numbers":["GLDUS138"]}