The document outlines the risks and conflicts of interest associated with investing in Private Access Funds through iCapital Advisors, LLC. It highlights potential lack of diversification, higher fees, and lack of information regarding valuations. It also discusses the structure and risks of Private Access Funds, including their dependence on Underlying Funds, potential for total investment loss, and additional expenses. The document emphasizes that iCapital is not the manager of the Underlying Fund and mentions indemnification clauses.
doj/DataSet10/EFTA01390015.pdf
{"title":"iCapital Advisors, LLC Form ADV Part 2A","key_people":["Ian Slome"],"document_type":"financial","document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC"],"reference_numbers":["GLDUS138"]}