Form D · Private Equity Fund

iCapital-Fortress Net Lease Income Access Fund, L.P.

New York, NY · CIK 0001873199

Offering snapshot reported Aug 25, 2022 · SEC filing

Reported sold: $23.4M
Investors reported: 81
Minimum accepted: $0
First sale: Mar 9, 2022

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Aug 25, 2022	Amendment	$23,425,000	No comparison	81	SEC filing
Aug 10, 2021	Initial	Yet to sell	No comparison	Not reported	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-409455

Source: Form D, filed Aug 25, 2022. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

ICAPITAL-FORTRESS NET LEASE INCOME ACCESS FUND, L.P.

Investment adviser: ICAPITAL ADVISORS, LLC

Gross asset value: $28.8M
Beneficial owners: 93
ADV minimum commitment: $100K

Reported in Form ADV on Sep 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor BDO USA, P.C. CHICAGO, Illinois, United States

Marketer B. RILEY WEALTH MANAGEMENT MEMPHIS, Tennessee, United States Related to adviser: No

Marketer CHARLES SCHWAB & CO., INC. SAN FRANCISCO, California, United States Related to adviser: No

Marketer ICAPITAL MARKETS LLC NEW YORK, New York, United States Related to adviser: Yes

Marketer LPL FINANCIAL LLC FORT MILL, South Carolina, United States Related to adviser: No

Marketer MARCUM WEALTH, LLC CLEVELAND, Ohio, United States Related to adviser: No

Marketer MATRIX CAPITAL ADVISORS, LLC CHICAGO, Illinois, United States Related to adviser: No

Marketer NEUBERGER BERMAN BD LLC NEW YORK, New York, United States Related to adviser: No

Marketer PAUL COMSTOCK PARTNERS HOUSTON, Texas, United States Related to adviser: No

Marketer REGATTA CAPITAL GROUP, LLC EL SEGUNDO, California, United States Related to adviser: No

Marketer WEDBUSH SECURITIES INC. LOS ANGELES, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: No
Administrator other than the adviser: Yes
External marketing: Yes

BDO USA, P.C.
PCAOB 243

B. RILEY WEALTH MANAGEMENT
CRD 2543 · SEC 8-31206

CHARLES SCHWAB & CO., INC.
CRD 5393 · SEC 801-29938

ICAPITAL MARKETS LLC
CRD 118219 · SEC 8-53640

LPL FINANCIAL LLC
CRD 6413 · SEC 801-10970

MARCUM WEALTH, LLC
CRD 134628 · SEC 801-67563

MATRIX CAPITAL ADVISORS, LLC
CRD 109523 · SEC 801-58076

NEUBERGER BERMAN BD LLC
CRD 2908 · SEC 801-3908

PAUL COMSTOCK PARTNERS
CRD 105335 · SEC 801-22496

REGATTA CAPITAL GROUP, LLC
CRD 145363 · SEC 801-68490

WEDBUSH SECURITIES INC.
CRD 877 · SEC 801-6358

Filing source

Form ADV 2135827 · Sep 30, 2026 · Schedule D 7.B.(1), fund 805-5021868655

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
I Capital Pe Gp, Llc	Promoter
Justin Lioi	Executive
Michael Stanton	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Icapital Pe Gp, Llc 60 East 42 Nd Street, 26 Th Floor
New York, NY, 10165