Home LPA

LPA

When an LP can't meet a drawdown request, what happens? What recourse does a GP have? Ed Hall from law firm Goodwin analyzes the remedy and negotiation points in this extract from The LPA Anatomised.
In this extract from The LPA Anatomised, Adam Turtle, Rede Partners, and Emma Cleveland, Cleveland & Co Associates, discuss carry models and GP commitments.
Distribution and negotiation are two key aspects in the economic provisions of any limited partnership agreement. Howard Beber, Scott Jones and Andrew Shore of Proskauer lay out the terminology.
Out of 80 investors surveyed in late 2018, 69% had seen reduced fiduciary duties in LPAs.
Some GPs think it’s impossible to predict fees and expenses for the restructuring and extension of a fund, so they would rather not include it in their LPAs.
Steve Nelson speaks for half of the institutional money invested in private equity. What’s he going to say? He tells PEI his plans for ILPA and the next clash between LPs and GPs.
Guillaume Cavalin has joined Paris-based Idinvest Partners as legal director from Jones Day, the third legal hire the firm had made in 18 months. pfm caught up with Cavalin to get his take on how private equity fund structuring – and LP demands – are changing.
Plans to simplify the limited partnership agreement are ambitious, lawyers say.
Negotiations and arrangements for the remaining portfolio can prove fiendishly complicated when a fund approaches the end of its term. Julie Corelli of Pepper Hamilton considers the challenges
pfc
pfc

Copyright PEI Media

Not for publication, email or dissemination