The document outlines the expenses, performance-based fees, and types of clients for iCapital Advisors, LLC. It details the expenses borne by Direct Investment Funds, including legal fees, investment expenses, and other operational costs. It also discusses performance-based fees and the potential incentives they create for speculative investments. The document describes the types of clients, including high net worth individuals and institutional investors, and mentions the use of Side Letters for different rights for certain investors.
documents/vol00010-efta01353732-pdf.pdf
{"document_type":"legal","document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC","Dimension Capital Management"],"reference_numbers":["DB-SDNY-0038228","SDNY_GM_00184412","EFTA01353732"]}