The document outlines the terms and conditions related to capital contributions and defaults for investors in iCapital Advisors, LLC. It discusses the potential consequences for investors who fail to meet capital calls, including the sale or forfeiture of their interest and legal actions. The document also covers the structure and liabilities of series limited partnerships under the Delaware Act, highlighting the potential risks of cross-series liabilities. Additionally, it emphasizes the reliance on sub-advisers for investment decisions and the impact of their departure on fund performance.
doj/DataSet10/EFTA01393212.pdf
{"key_people":["Sub-Adviser","key employees of Sub-Adviser"],"document_type":"legal","key_locations":["Delaware"],"document_subtype":"Form ADV Part 2A","key_organizations":["iCapital Advisors, LLC","Aspen Grove Capital, LLC"],"reference_numbers":["DB-SDNY-0098699","SDNY_GM_00244883","EFTA01393212"]}