The document outlines the terms and conditions related to capital contributions, default scenarios, and the legal structure of series limited partnerships managed by iCapital Advisors, LLC. It discusses the potential consequences for investors who default on capital contributions, including the sale or forfeiture of their interest and legal actions to recover unpaid amounts. The document also explains the legal framework under the Delaware Act for series limited partnerships, highlighting the uncertainties in asset segregation across different series. Additionally, it emphasizes the reliance on sub-advisers for investment decisions and the potential impact of their departure on fund performance.
documents/vol00010-efta01353737-pdf.pdf
{"key_people":["Sub-Adviser"],"document_type":"legal","key_locations":["Delaware"],"document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC"],"reference_numbers":["DB-SDNY-0038235","SDNY_GM_00184419","EFTA01353737"]}