This document is a Form ADV Part 2A for iCapital Advisors, LLC, discussing the risks and conflicts of interest associated with investing in Private Access Funds. It highlights potential lack of diversification, higher fees, and lack of information regarding valuations and pricing. It also outlines the risks related to the Underlying Fund, including illiquidity, restrictions on transfer, and potential for total loss of investment. The document emphasizes that iCapital is not the General Partner or manager of the Underlying Fund and discusses indemnification provisions.
doj/DataSet10/EFTA01394054.pdf
{"document_type":"financial","document_subtype":"investment advisory document","key_organizations":["iCapital Advisors, LLC","DF Enterprises"],"reference_numbers":["DB-SDNY-0100007","SDNY_GM_00246191","EFTA01394054"]}