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iCapital Advisors, LLC GLDUS140 Lawrence Hirsch Form ADV Part 2A Item 2: Material Changes This brochure amendment is made in connection with iCapital's annual upda
nce May. 2014. We are wholly-owned by Institutional Capital Network, Inc. (the "Company") and have our principal place of business in New York. NY. iCapital Securities. LLC ("iCapital Securities"), is a broker-dealer primarily engaged in the private placement of securities and is registered with the SEC and a membe
iCapital Advisors, LLC GLDUS140 Lawrence Hirsch Form ADV Part 2A investment. Certain management persons of iCapital (or its affiliates) are also involved with soli
Capital's policies and procedures. Furthermore. compensation for management persons is not based on any transaction-based compensation received by iCapital Securities (or its affiliates). Fees Paid by Brokerage Limited Partners. Limited partners in one or more of the Funds may elect to be treated as "brokerage li
confidential private placement memorandum (as amended or supplemented from time to time, this "Memorandum") is furnished on a confidential basis by iCapital Advisors, LLC or an affiliate (the "Investment Manager") to a limited number of sophisticated investors ("Investors") for the purpose of providing certain
ivate investment funds available via the iCapital Network ("iCapital Funds"). The prospect of receiving such compensation creates an incentive for iCapital Securities, LLC to place investors in the iCapital Funds from which it receives a placement fee or may in the future receive such a fee over other investment
confidential private placement memorandum (as amended or supplemented from time to time, this "Memorandum") is furnished on a confidential basis by iCapital Advisors, LLC or an affiliate (the "Investment Manager") to a limited number of sophisticated investors ("Investors") for the purpose of providing certain
ivate investment funds available via the iCapital Network ("iCapital Funds"). The prospect of receiving such compensation creates an incentive for iCapital Securities, LLC to place investors in the iCapital Funds from which it receives a placement fee or may in the future receive such a fee over other investment
confidential private placement memorandum (as amended or supplemented from time to time, this "Memorandum") is furnished on a confidential basis by iCapital Advisors, LLC or an affiliate (the "Investment Manager") to a limited number of sophisticated investors ("Investors") for the purpose of providing certain
ivate investment funds available via the iCapital Network ("iCapital Funds"). The prospect of receiving such compensation creates an incentive for iCapital Securities, LLC to place investors in the iCapital Funds from which it receives a placement fee or may in the future receive such a fee over other investment
confidential private placement memorandum (as amended or supplemented from time to time, this "Memorandum") is furnished on a confidential basis by iCapital Advisors, LLC or an affiliate (the "Investment Manager") to a limited number of sophisticated investors ("Investors") for the purpose of providing certain
ivate investment funds available via the iCapital Network ("iCapital Funds"). The prospect of receiving such compensation creates an incentive for iCapital Securities, LLC to place investors in the iCapital Funds from which it receives a placement fee or may in the future receive such a fee over other investment
confidential private placement memorandum (as amended or supplemented from time to time, this "Memorandum") is furnished on a confidential basis by iCapital Advisors, LLC or an affiliate (the "Investment Manager") to a limited number of sophisticated investors ("Investors") for the purpose of providing certain
ivate investment funds available via the iCapital Network ("iCapital Funds"). The prospect of receiving such compensation creates an incentive for iCapital Securities, LLC to place investors in the iCapital Funds from which it receives a placement fee or may in the future receive such a fee over other investment
Entities connected to both iCapital Advisors and iCapital Securities
iCapital
ORGANIZATIONAccess Fund
ORGANIZATIONGlendower
LOCATION
Michael Shannon
PERSONInstitutional Capital Network, Inc.
ORGANIZATION
Lawrence Krauss
PERSONLawrence Hirsch
PERSONThe Placement Fee
ORGANIZATIONU.S. Investment
ORGANIZATIONthe U.S. Investment Company Act
ORGANIZATIONThe Confidential Private Placement Memorandum
ORGANIZATION
European Union
ORGANIZATIONFidelity Brokerage Services
ORGANIZATIONthe iCapital Network
ORGANIZATIONPrivate Access Funds
ORGANIZATIONthe Direct Investment Funds
ORGANIZATION
United States
LOCATION
United Kingdom
LOCATION
Gerald Ford
PERSONHenry Nicholas
PERSON