The LP-friendly bits of the Model LPA

Let’s take one last dive into ILPA’s model limited partnership document, this time courtesy of Michael Sabin at Clifford Chance. In an extract from a recent note to clients on the subject, Sabin highlights 14 of the most noteworthy provisions.

For anyone looking to catch up on this topic:

– A 17-minute podcast conversation with Chris Hayes, ILPA’s legal lead, which goes into why this is needed and it what it is hoped to achieve

– Comments on six key provisions

– My comment on the overall impact this will have on fund terms

– The full report on last week’s release

Email prepared by Toby Mitchenall.