The document outlines iCapital Advisors, LLC's due diligence process for evaluating investment opportunities, specifically focusing on internal rate of return, multiple on invested capital, and other financial metrics. It describes a five-stage selection process for hedge funds, involving market opportunity assessment, manager identification, initial diligence, deep dive diligence with Castle Hall Alternatives Inc., and final approval by iCapital's Investment Committee.
doj/DataSet10/EFTA01391288.pdf
{"key_people":["iCapital Investment Committee"],"document_type":"financial","document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC","Castle Hall Alternatives Inc."],"reference_numbers":["DB-SDNY-0096126","SDNY_GM_00242310","EFTA01391288"]}