The document discusses the potential risks and legal implications for the Access Fund, a private equity fund, regarding ERISA controlled group liability and the impact of the Sun Capital Cases. It highlights the lack of recourse for Limited Partners against the Underlying Fund, the illiquidity of investments, and the absence of voting rights for Limited Partners. The document also mentions investment concentration risks associated with the Underlying Fund.
documents/vol00010-efta01355384-pdf.pdf
{"key_people":["Greg Martin"],"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"]}