The document outlines the risks and conflicts of interest associated with investing in Private Access Funds managed by iCapital Advisors, LLC. It highlights potential issues such as lack of diversification, higher fees, illiquidity, and the risk of losing the entire investment. The document also discusses the structure and operational aspects of Private Access Funds, including their relationship with Underlying Funds, management responsibilities, and indemnification clauses.
doj/DataSet10/EFTA01390992.pdf
{"title":"iCapital Advisors, LLC - Form ADV Part 2A","document_type":"financial","document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC","Third Lake Capital"],"reference_numbers":["DB-SDNY-0095696","SDNY_GM_00241880","EFTA01390992"]}