The document outlines the financial and legal obligations of investors in iCapital Advisors, LLC, particularly in relation to capital contributions and defaults. It discusses the implications of a default on capital contributions, including potential legal actions and financial penalties. The document also covers the structure of certain funds as series limited partnerships under the Delaware Act, highlighting the potential risks and uncertainties related to cross-series liabilities. Additionally, it emphasizes the reliance on sub-advisers for investment decisions and the potential impact of changes in sub-advisory personnel on fund performance.
doj/DataSet10/EFTA01389591.pdf
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