Investment Loss Recovery Attorneys

Did Your Broker Sell You ICap Northwest Opportunity & Income Fund Private Placements? 

Our Investment Loss Recovery Attorneys Can Help You Explore Your Legal Options

In March 2023, ICap Northwest Opportunity Fund CEO announced to investors that it would be suspending interest payments. Clearly this is bad news for ICap Northwest Opportunity and Income Fund private placement investors, many of whom may not have been aware that their broker marketed and sold them such risky, illiquid investments.

The ICap Northwest Opportunity Fund is a regulation D private placement investment that is managed by ICap Equity. The Washington State-based real estate investment firm focuses on equity investment and lending to real estate deals involving small-to-medium-sized builders and developers in the Pacific Northwest. It filed a Form D to raise investor capital in the Fund in 2015 with a total offering amount of $50M and an estimated 10% paid in commissions. Now, ICap Equity is citing the “monumental challenges” impacting real estate capital markets, such as inflation and increasing interest rates, as cause for the suspensions.

Shepherd Smith Edwards and Kantas ( is investigating whether broker-dealers unsuitably recommended this Reg D private placement investment to customers. If you are one of these investors, contact our seasoned investment loss recovery law firm today.

Why Should You Speak With Seasoned Private Investment Loss Recovery Attorneys?

Private placements are high-risk investments. They can be illiquid and should only be recommended to sophisticated, high-net-worth investors. Unfortunately, the temptation of earning high commissions and additional fees may cause brokers to disregard customers’ best interests and even market Reg D investments to conservative retirees and inexperienced retail investors, which can lead to serious investment losses. There are also financial advisors that may have failed to conduct the necessary due diligence to ensure that the ICap Northwest Opportunity and Income Fund was suitable for customers. Filings note that for this real estate fund, commissions and fees earned were 6% of the offering amount.

Under the Securities and Exchange Commission’s (SEC) Reg D, a company can raise money through debt securities or capital without having to register the securities with the regulator. As an unregistered security, iCap Pacific Northwest Opportunity & Income Fund lacks the kind of oversight given to more traditional investments.

Just last year the SEC issued an investor alert warning investors about the risks involved in private placements. The Commission even recommended that before investing in them to make sure that you can afford the increased risk of loss that comes with this type of investment, including the possibility of a total loss.

At Shepherd Smith Edwards and Kantas, our savvy Reg D private placement loss lawyers can help you determine whether your broker engaged in unsuitability, misrepresentations and omissions (often of the actual risks), overconcentration, or some other kind of other type of broker due diligence failure when marketing the iCap Pacific Northwest Opportunity & Income Fund to you. You should also know that just because you are a sophisticated, accredited investor doesn’t mean that private placements were an appropriate investment recommendation.

For over 30 years, we have been exclusively fighting for investors against broker-dealers and investment advisers in arbitration, mediation, and litigation. Our investment loss recovery law firm is highly knowledgeable about the complexity of Reg D private placements and the reasons they fail.

Should we agree to work together, you will have all of us representing you. Our efforts have resulted in many millions of dollars collectively recovered for thousands of clients.

How To Contact Our Skilled iCap Pacific Northwest Opportunity & Income Fund Attorneys

Call (800) 259-9010 today or contact us online.

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