Claire Coe Smith
LPs can find the options are limited when a fund manager restructures the leftover assets in a fund nearing the end of its life.
From the implications of Brexit to the growing number of GP-led restructurings, fund managers are wrestling with some weighty legal issues.
Calls are growing for the standardisation of the limited partnership agreement, but moves towards uniformity are fraught with difficulties, lawyers say
Fees remain a bone of contention for limited partners as fund sizes continue to grow
Today almost every GP is obliged to provide at least some co-investment deals to investors. Debevoise & Plimpton’s Katherine Ashton outlines the issues at stake.
Negotiating a Limited Partnership Agreement can be fraught, particularly when it comes to the issue of where litigation should be heard.
It’s a nice problem to have, but managing a fundraising that is the subject of more interest than it can handle is fraught with investor relations challenges for GPs.
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As demand for co-investment opportunities escalates, GPs are considering new ways to manage the process, including ‘chief co-investment officers’, fewer promises during fundraising and whether to raise separate top-up funds.