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The private equity industry is likely to see an increasing number of defaults over the coming months as the covid-19 crisis hits LPs. Lawyer Ed Hall lays out the next steps for GPs in this extract from The LPA Anatomised.
The best way to determine if net asset values reflect reality is to perform a fundamental valuation of each of the individual assets in GP-led process, writes Duff & Phelps's David Lee.
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.
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