The document outlines the risks and conflicts of interest associated with investing in Private Access Funds through iCapital Advisors, LLC. It highlights potential issues such as lack of diversification, higher fees, illiquidity, and the possibility of losing the entire investment. The document also discusses the relationship between Private Access Funds and Underlying Funds, including the lack of control iCapital has over the management of Underlying Funds and the potential for misconduct by fund managers.
documents/vol00010-efta01354501-pdf.pdf
{"title":"iCapital Advisors, LLC Form ADV Part 2A","key_people":["Gerald Ford"],"document_type":"financial","document_subtype":"investment advisory document","key_organizations":["iCapital Advisors, LLC"],"reference_numbers":["DB-SDNY-0039096","SDNY_GM_00185280","EFTA01354501"]}