The document outlines the financial and tax implications for investors in Private Access Funds managed by iCapital Advisors, LLC. It discusses the potential requirement for investors to return distributions to meet indemnification obligations, the need for tax filing extensions, and the possibility of incurring tax liabilities exceeding cash distributions. It also highlights the illiquidity of investments in private equity funds, economic and market risks, and consequences of default on capital contributions.
documents/EFTA01386501.pdf
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