The document discusses the potential risks and legal implications for the Access Fund and its portfolio companies related to ERISA controlled group liability, as highlighted by the Sun Capital Cases. It also outlines the limitations on the rights and liquidity of Limited Partners in the Access Fund, emphasizing the illiquid nature of the investment and the lack of voting rights or participation in the management of the Underlying Fund. Additionally, it mentions the investment concentration risks associated with the Access Fund's sole investment in the Underlying Fund.
documents/vol00010-efta01354193-pdf.pdf
{"key_people":["Henry Nicholas"],"document_type":"correspondence","key_locations":["U.S. Federal Court of Appeals for the First Circuit","U.S. District Court for the District of Massachusetts"],"document_subtype":"legal analysis or memorandum","key_organizations":["Access Fund","Underlying Fund","Glendower"]}