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Worst case scenarios

Worst case scenarios 2008-10-01 Staff Writer Private equity's risks are touted in every PPM and every partnership agreement, but what terms and conditions are LPs winning to protect themselves when that key partner leaves, or when a lawsuit or other extraordinary dilemma threatens the fund?<br /><br

Private equity's risks are touted in every PPM and every partnership agreement, but what terms and conditions are LPs winning to protect themselves when that key partner leaves, or when a lawsuit or other extraordinary dilemma threatens the fund?

What follows is a series of charts from a recent survey VC Experts conducted on the content of partnership agreements. They detail the trends in how LPs are indemnifying themselves from GP malfeasance or gross negligence. Given the clamoring for entry into the asset class of late, what protections have LPs refused to relinquish?