07 Dec 2021
Effective Limited Partnership Agreements, Clause by Clause
Need a guide through the ins and outs of a limited partnership agreement (LPA) for a private equity fund? Don’t miss a step! The LPA is the primary legal document for forming a private fund and for negotiating its terms. The LPA covers the economic and procedural elements of a fund’s operation and should clearly specify the rights and obligations of each of the limited partners and general partner. This practice note walks through key considerations in drafting an effective LPA.
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- Limited Partnership Agreement for a Private Equity Fund
Consult this form limited partnership agreement that contains alternate clauses and drafting notes—key to understanding the operation of this often-voluminous document. - Private Equity Fund Formation on Practical Guidance: How-to Video
Consult this short video for guidance on accessing private fund formation resources in Practical Guidance, including practice notes, templates, and clauses. - Private Equity Fund Documents: Drafting and Review
Review this explanation of each of the many legal documents in the formation and operation of a private equity fund, along with tips to simplify drafting.
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