The document is a Form ADV Part 2A for iCapital Advisors, LLC, detailing their investment advisory services. It outlines various private equity and investment funds managed by iCapital, including Private Access Funds and Direct Investment Funds. The document explains that iCapital provides investment advice to these funds, which are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933. The advisory services involve selecting private equity or hedge fund managers for investment. Each fund is managed according to its private placement memorandum (PPM).
documents/EFTA01390988.pdf
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