The document discusses the potential risks and characteristics of investing in the Access Fund, which has significant ownership interests in portfolio companies. It highlights the risk of ERISA controlled group liability, lack of recourse against the Underlying Fund, illiquidity of investments, lack of voting rights, and investment concentration risks.
doj/DataSet10/EFTA01386586.pdf
{"document_type":"financial","key_locations":["U.S. Federal Court of Appeals for the First Circuit","District of Massachusetts"],"document_subtype":"investment memorandum","key_organizations":["Access Fund","Underlying Fund","Glendower"]}