An edge for emerging managers – guest column

One of the lawyers on ILPA’s LPA task force argues that model LPAs provide an edge for emerging managers amid this intensely competitive climate.

Model LPA: Todd Boudreau, lawyer at Morrison & Foerster and member of the Institutional Limited Partners Association’s LPA task force, argues that it is more challenging than ever for new and young managers to raise funds in the current environment, but that ILPA’s model LPAs can give managers an edge by helping them to attract new relationships and by cutting down the associated costs of negotiating LPAs.

As we wrote last week, ILPA is looking for a good initial take-up from emerging managers. Indeed, the organization’s senior policy counsel, Chris Hayes, told me last week that one emerging manager had reportedly already expressed interest in using its new deal-by-deal model LPA.

Email prepared by Graham Bippart