The document outlines the due diligence process of iCapital Advisors, LLC, focusing on internal rate of return, multiple on invested capital, and other financial metrics. It describes the comprehensive review process for fund terms and the selection process for hedge funds, which includes market opportunity assessment, manager evaluation, and a deep dive diligence with the assistance of Castle Hall Alternatives Inc. The final decision for investment opportunities requires a unanimous vote from iCapital's Investment Committee.
documents/EFTA01390990.pdf
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