The document is a Form ADV Part 2A for Aspen Grove Capital, LLC and iCapital Advisors, LLC. It outlines potential risks and conflicts of interest associated with investing in Private Access Funds, including lack of diversification, higher fees, and lack of information on valuations. It details the structure and risks of Private Access Funds, including their lack of registration under various acts, restrictions on transfer, and potential for total investment loss. The document also discusses the relationship between Private Access Funds and Underlying Funds, including management and control limitations, and potential indemnification clauses.
doj/DataSet10/EFTA01393209.pdf
{"document_type":"financial","document_subtype":"Form ADV Part 2A","key_organizations":["Aspen Grove Capital, LLC","iCapital Advisors, LLC"],"reference_numbers":["DB-SDNY-0098696","SDNY_GM_00244880","EFTA01393209"]}