Balancing convenience and guardrails in GP-leds

GP-led provisions in LPAs: Key points to consider for an evolving market.

Inserting provisions into funds’ LPAs can help make potential GP-led secondary deals more expedient, while offering ways to protect LPs from possible conflicts, law firm Cleary Gottlieb’s Maurice Gindi, Sophie Smith and Kenneth Blazejewski write in a guest column.

Email prepared by Tom Auchterlonie.