The document provides important information about the Access Fund managed by Southern Financial LLC. It highlights that historical returns do not include fees and expenses, which would lower net returns. Benchmarks and indices are for illustrative purposes and may not be directly investable. The document warns about the speculative nature and high risks of alternative investments, including potential loss of investment, lack of liquidity, volatility, and higher fees. It clarifies that purchasers of interests in the Access Fund will not have direct interests or rights in the Underlying Fund. The document also mentions that iCapital Advisors, LLC is registered with the SEC, but this does not imply endorsement.
doj/DataSet10/EFTA01383137.pdf
{"key_people":["General Partner","Manager of the Underlying Fund"],"document_type":"financial","document_subtype":"investment information","key_organizations":["Southern Financial LLC","Access Fund","Underlying Fund","iCapital Advisors, LLC","Institutional Capital Network, Inc.","iCapital Network"],"reference_numbers":["DB-SDNY-0082779","SDNY_GM_00228963","EFTA01383137"]}