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fund terms

We speak with Blackstone's CFO and its global head of ESG on the firm's approach; EWM lifts the curtain on carry calculation methods.
Industry representatives largely dodged a feared thrashing in Tuesday's House Financial Services Committee hearing on private equity. But PE is shaping up to be a major battlefield in the presidential race.
In this extract from a note to clients, Michael Sabin, a private funds lawyer in Clifford Chance's New York office, talks through 14 of the more LP-friendly terms in the model agreement.
MJ Hudson's Eamon Devlin and ILPA senior policy counsel Chris Hayes discuss the new model agreement.
Model LPA Car or contract
ILPA’s bid to shed more light on fund terms won’t be adopted overnight.
ILPA senior policy counsel Chris Hayes discusses the organization's new model limited partnership agreement, including how it seeks to restore fiduciary duty to the LP-GP relationship.
The LP-friendly limited partnership agreement is intended to cut down the need for negotiation and side letters when establishing a private equity fund.
Settling disputes early and confidentially is crucial, say Lydia Danon, a partner and Andrew Flynn, an associate at Cooke, Young & Keidan.
A tiny proportion of EQT's €40bn AUM is paying carried interest, but the listed firm forecasts a significant increase for that figure in the medium term.
credit - subscription credit lines
ILPA guidelines have helped push greater disclosure around subscription credit lines, but have not changed their usage, according to Ropes & Gray partner, Patricia Lynch.
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