The document outlines iCapital Advisors, LLC's due diligence process for evaluating investment opportunities, particularly in hedge funds. It describes a five-stage selection process, including market opportunity assessment, manager identification, initial diligence, deep dive diligence with Castle Hall Alternatives Inc., and final approval by the iCapital Investment Committee. The process involves evaluating internal rate of return, multiple on invested capital, and other financial metrics.
doj/DataSet10/EFTA01394053.pdf
{"key_people":["iCapital Investment Committee"],"document_type":"other","document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC","Castle Hall Alternatives Inc."],"reference_numbers":["DB-SDNY-0100005","SDNY_GM_00246189","EFTA01394053"]}