This document outlines the fiduciary responsibilities and conditions under which an Investor Fiduciary can make a proposed purchase of an Interest, ensuring compliance with ERISA and the Code. It specifies the independence of the Investor Fiduciary from iCapital and its Affiliates, the discretionary authority to make purchases, and the identification of plan assets. It also addresses the permissibility of the purchase under governing documents and the consideration of diversification requirements. Additionally, it discusses exemptions from prohibited transaction rules under ERISA and the Code.
doj/DataSet10/EFTA01394704.pdf
{"key_people":["Lawrence Hirsch"],"document_type":"legal","document_subtype":"investment agreement","key_organizations":["iCapital"],"reference_numbers":["DB-SDNY-0100741","SDNY_GM_00246925","EFTA01394704"]}