The document is a Form ADV Part 2A for iCapital Advisors, LLC, discussing various financial and tax-related aspects of investing in Private Access Funds. It covers topics such as tax withholding, income tax information, potential tax liabilities, and the illiquidity of investments in private equity funds. The document also addresses economic and market risks, the consequences of default, and the potential for tax-exempt investors to recognize unrelated business taxable income (UBTI).
documents/EFTA01390693.pdf
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