The document is a Form ADV Part 2A for iCapital Advisors, LLC, discussing various financial and investment considerations for investors in Private Access Funds. It covers topics such as tax obligations, illiquidity of investments, economic and market risks, and consequences of default. Investors may face tax liabilities exceeding cash distributions and may need to file for tax extensions. The document also highlights the risks associated with private equity fund investments, including market sensitivity and potential default consequences.
documents/EFTA01393784.pdf
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