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ts, liabilities and obligations of such series and, consequently, that creditors of such series will seek recourse against the assets of a Fund. Reliance on the Sub-Adviser and its Personnel. Under the applicable sub- advisory agreement in respect of certain of the Funds, a Sub-Adviser has complete di
NY 10165 646-214-7400 Floor March 30, 2018 This Brochure Supplement provides information about Eileen Duff Blalock, Phil Pool, John Robertshaw, Daniel Vene and Nicholas Veronis that supplements the iCapital Advisors, LLC's Form ADV Brochure. Please contact Michael Stanton, iCapital Advisors, LLC's Chie
ts, liabilities and obligations of such series and, consequently, that creditors of such series will seek recourse against the assets of a Fund. Reliance on the Sub-Adviser and its Personnel. Under the applicable sub- advisory agreement in respect of certain of the Funds, a Sub-Adviser has complete di
NY 10165 646-214-7400 Floor March 30, 2018 This Brochure Supplement provides information about Eileen Duff Blalock, Phil Pool, John Robertshaw, Daniel Vene and Nicholas Veronis that supplements the iCapital Advisors, LLC's Form ADV Brochure. Please contact Michael Stanton, iCapital Advisors, LLC's Chie
ts, liabilities and obligations of such series and, consequently, that creditors of such series will seek recourse against the assets of a Fund. Reliance on the Sub-Adviser and its Personnel. Under the applicable sub- advisory agreement in respect of certain of the Funds, a Sub-Adviser has complete di
2nd iCapital Advisors, LLC Street, 26th New York, NY 10165 Floor March 30, 2018 This Brochure Supplement provides Phil Pool, John Robertshaw, Daniel Vene and Nicholas Veronis LLC's Form ADV Brochure. Please contact Michael Stanton, Officer, at or by email at Advisors, LLC's Brochure or if you hav
ts, liabilities and obligations of such series and, consequently, that creditors of such series will seek recourse against the assets of a Fund. Reliance on the Sub-Adviser and its Personnel. Under the applicable sub- advisory agreement in respect of certain of the Funds, a Sub-Adviser has complete di
2nd iCapital Advisors, LLC Street, 26th New York, NY 10165 Floor March 30, 2018 This Brochure Supplement provides Phil Pool, John Robertshaw, Daniel Vene and Nicholas Veronis LLC's Form ADV Brochure. Please contact Michael Stanton, Officer, at 1- or by email at Advisors, LLC's Brochure or if you h
ts, liabilities and obligations of such series and, consequently, that creditors of such series will seek recourse against the assets of a Fund. Reliance on the Sub-Adviser and its Personnel. Under the applicable sub- advisory agreement in respect of certain of the Funds, a Sub-Adviser has complete di
NY 10165 646-214-7400 Floor March 30, 2018 This Brochure Supplement provides information about Eileen Duff Blalock, Phil Pool, John Robertshaw, Daniel Vene and Nicholas Veronis that supplements the iCapital Advisors, LLC's Form ADV Brochure. Please contact Michael Stanton, iCapital Advisors, LLC's Chie
Entities connected to both Reliance and Daniel Vene

Michael Shannon
PERSONNicholas Veronis
PERSONThis Brochure Supplement
ORGANIZATIONthe iCapital Advisors
ORGANIZATIONEileen Duff Blalock
PERSONPhil Pool
PERSONPREA and NCREIF
ORGANIZATION
Stanton
PERSONiCapital
ORGANIZATIONEaton Partners
ORGANIZATIONFir Tree Partners
ORGANIZATIONthe Securities and Exchange Commission
ORGANIZATION
New York
LOCATION
Credit Suisse
ORGANIZATION
North America
LOCATION
Virginia Giuffre
PERSON
the University of Virginia
ORGANIZATIONLiquidity of Investments
ORGANIZATIONBNY Capital Corporation
ORGANIZATIONBlackRock, Inc.
ORGANIZATION