The document discusses the potential risks and legal implications for the Access Fund, a private equity fund, in relation to ERISA controlled group liability. It references the 2013 Sun Capital Case and subsequent rulings that could impact the fund's classification as a 'trade or business.' 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/EFTA01394139.pdf
{"document_type":"correspondence","key_locations":["First Circuit","District of Massachusetts"],"document_subtype":"legal analysis or advisory","key_organizations":["Access Fund","U.S. Federal Court of Appeals for the First Circuit","U.S. District Court for the District of Massachusetts","Glendower"]}