The LP-friendly bits of the Model LPA

ILPA's model limited partnership agreement is naturally LP-friendly; a fund lawyer points to 14 provisions that put the investor first.

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.