This document outlines the fiduciary responsibilities and conditions under which an Investor Fiduciary can make a proposed purchase of an Interest in a partnership. It specifies the qualifications and independence of the Investor Fiduciary, the permissibility of the purchase under ERISA and the Code, and the conditions under which the transaction is not considered prohibited. It also addresses the interaction between the Investor and the partnership entities.
doj/DataSet10/EFTA01393718.pdf
{"document_type":"legal","document_subtype":"investment agreement","key_organizations":["iCapital","Department of Labor"],"reference_numbers":["Section 404(a)(1) of ERISA","Section 406(a) of ERISA","Section 4975(c)(1XA)—(D) of the Code","Department of Labor Regulations Section 2510.3-21(g)(5)"]}