The document discusses the potential risks and legal implications for the Access Fund, a private equity fund, in relation to ERISA controlled group liability and the Sun Capital Cases. It highlights the lack of recourse for Limited Partners against the Underlying Fund, the illiquidity of investments, and the lack of voting rights or participation in the Underlying Fund's management. It also mentions investment concentration risks.
doj/DataSet10/EFTA01393603.pdf
{"document_type":"correspondence","key_locations":["U.S. Federal Court of Appeals for the First Circuit","U.S. District Court for the District of Massachusetts"],"document_subtype":"legal analysis","key_organizations":["Access Fund","Underlying Fund","Glendower"]}