The document outlines the investment selection process and associated risks for iCapital Advisors, LLC and its Private Access Funds. It highlights the limitations in operational due diligence and the potential risks of conflicts of interest, fraudulent behavior, and operational weaknesses within the Underlying Funds. The document advises prospective investors to consult professional advisers and review legal documents before investing.
doj/DataSet10/EFTA01393208.pdf
{"document_type":"legal","document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC","Aspen Grove Capital, LLC"],"reference_numbers":["DB-SDNY-0098695","SDNY_GM_00244879","EFTA01393208"]}