The document outlines the terms and conditions related to capital contributions, default scenarios, and the legal structure of series limited partnerships for iCapital Advisors, LLC. It discusses the potential actions iCapital may take in the event of a default by an investor, including the sale or forfeiture of the investor's interest and legal remedies. The document also explains the legal framework of series limited partnerships under the Delaware Act, highlighting the potential risks and uncertainties regarding the segregation of assets and liabilities across different series. Additionally, it emphasizes the reliance on sub-advisers for investment decisions and the potential impact of their departure on fund performance.
doj/DataSet10/EFTA01394435.pdf
{"title":"iCapital Advisors, LLC - Form ADV Part 2A","key_people":["Lawrence Hirsch"],"document_type":"legal","key_locations":["Delaware"],"document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC"],"reference_numbers":["GLDUS140"]}