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 consequences for investors who default on capital contributions, including the sale or forfeiture of their interest and legal actions. The document also explains the legal framework under the Delaware Act for series limited partnerships and the potential risks associated with cross-series liabilities. Additionally, it highlights the reliance on sub-advisers for investment decisions and the risks associated with changes in sub-advisory personnel.
doj/DataSet10/EFTA01390993.pdf
{"key_people":["Sub-Adviser"],"document_type":"legal","key_locations":["Delaware"],"document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC","Third Lake Capital"],"reference_numbers":["DB-SDNY-0095699","SDNY_GM_00241883","EFTA01390993"]}