The document provides important information about the Access Fund, highlighting that historical returns do not include fees and expenses, which would lower net returns. It discusses the illustrative nature of benchmarks and financial indices, emphasizing the speculative and high-risk nature of alternative investments. The document outlines potential risks, including loss of investment, lack of liquidity, volatility, and complex tax structures. It clarifies that purchasers of interests in the Access Fund will not have direct interests or voting rights in the Underlying Fund. The document also mentions the role of iCapital Advisors, LLC as an investment adviser registered with the SEC.
documents/EFTA01394742.pdf
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