The document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing their investment advisory services. It outlines the various Private Access Funds and Direct Investment Funds managed by iCapital, which are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933. iCapital provides investment advice to these funds, focusing on private equity and hedge fund managers. The document also mentions the confidential private placement memorandum (PPM) for each fund and the role of third-party managers in managing Underlying Funds.
documents/EFTA01390687.pdf
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