The document discusses the potential risks and liabilities associated with the Access Fund's ownership interests in portfolio companies, particularly in relation to ERISA controlled group liability. It references the 2013 Sun Capital Case and subsequent rulings that could impact private equity funds. The document also outlines the limitations on transferability, redemption, and voting rights for Limited Partners of the Access Fund, emphasizing the illiquid nature of the investment and the lack of direct recourse against the Underlying Fund.
doj/DataSet10/EFTA01389287.pdf
{"document_type":"correspondence","key_locations":["U.S. Federal Court of Appeals for the First Circuit","U.S. District Court for the District of Massachusetts"],"document_subtype":"legal document","key_organizations":["Access Fund","Georgetown University Endowment","Glendower"],"reference_numbers":["DB-SDNY-0093642","SDNY_GM_00239826","EFTA01389287"]}