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nts. 1 EFTA01395101 GLDUS143 Henry Nicholas iCapital Advisors, LLC Item 2: Material Changes This brochure amendment is made in connection with iCapital's annual updating requirement for 2018 and serves as an update to iCapital's brochure dated March 31, 2017. This brochure contains routine annual
security then declines or, if it has contracted to sell the security to another party, the Fund could be liable for any losses incurred. Small or Medium-Sized Companies Investing in the securities of small or medium-sized companies can involve greater risk and the possibility of greater portfolio price volatility than is t
1394988 GLDUS183 Dimension Capital Management iCapital Advisors, LLC Item 2: Material Changes This brochure amendment is made in connection with iCapital's annual updating requirement for 2018 and serves as an update to iCapital's brochure dated March 31, 2017. This brochure contains routine annual
security then declines or, if it has contracted to sell the security to another party, the Fund could be liable for any losses incurred. Small or Medium-Sized Companies Investing in the securities of small or medium-sized companies can involve greater risk and the possibility of greater portfolio price volatility than is t
TA01396261 GLDUS126 Pacific Life Insurance Co iCapital Advisors, LLC Item 2: Material Changes This brochure amendment is made in connection with iCapital's annual updating requirement for 2018 and serves as an update to iCapital's brochure dated March 31, 2017. This brochure contains routine annual
security then declines or, if it has contracted to sell the security to another party, the Fund could be liable for any losses incurred. Small or Medium-Sized Companies Investing in the securities of small or medium-sized companies can involve greater risk and the possibility of greater portfolio price volatility than is t
. 1 EFTA01396934 GLDUS127 Annandale Capital iCapital Advisors, LLC Item I: Material Changes This brochure amendment is made in connection with iCapital's annual updating requirement for 2018 and serves as an update to iCapital's brochure dated March 31, 2017. This brochure contains routine annual
security then declines or, if it has contracted to sell the security to another party, the Fund could be liable for any losses incurred. Small or Medium-Sized Companies Investing in the securities of small or medium-sized companies can involve greater risk and the possibility of greater portfolio price volatility than is t
lients. 1 EFTA01397607 GLDUS141 Greg Martin iCapital Advisors, LLC Item 2: Material Changes This brochure amendment is made in connection with iCapital's annual updating requirement for 2018 and serves as an update to iCapital's brochure dated March 31, 2017. This brochure contains routine annual
security then declines or, if it has contracted to sell the security to another party, the Fund could be liable for any losses incurred. Small or Medium-Sized Companies Investing in the securities of small or medium-sized companies can involve greater risk and the possibility of greater portfolio price volatility than is t
Entities connected to both iCapital and Medium-Sized Companies Investing

Michael Shannon
PERSON
Stanton
PERSON
Credit Suisse
ORGANIZATIONiCapital Network
ORGANIZATION
Fidelity
ORGANIZATIONNational Financial Services
ORGANIZATIONthe Securities and Exchange Commission
ORGANIZATIONGen II
ORGANIZATIONThe Hedge Fund Private Access Fund
ORGANIZATIONCastle Hall Alternatives Inc.
ORGANIZATIONthe iCapital Investment Committee
ORGANIZATIONJohn C. Robertshaw
PERSON
Virginia Giuffre
PERSON
the University of Virginia
ORGANIZATION
New York
LOCATIONKidder, Peabody & Co.
ORGANIZATION
BlackRock
ORGANIZATIONUBS Financial Services Inc
ORGANIZATIONGroup AG
ORGANIZATIONBNY Capital Corporation
ORGANIZATION