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 possibility of losing the entire investment. The document also discusses the relationship between Private Access Funds and Underlying Funds, including the lack of control over management strategies and the potential for sponsor misconduct.
doj/DataSet10/EFTA01391611.pdf
{"document_type":"financial","document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC","Ironsides Asset Mgmt"],"reference_numbers":["DB-SDNY-0096592","SDNY_GM_00242776","EFTA01391611"]}