(Online Via Zoom) Key Provisions for Private Equity Sponsors and Limited Partner Investors

With the Hong Kong Government’s recent revamp of the Hong Kong partnership ordinance (Cap. 637), we thought it timely to take a closer look at the Institutional Limited Partners Association’s (“ILPA”) efforts to streamline and modernize negotiations between general partners and limited partners.

The ILPA publicly released their “Emerging Manager Toolkit”, which is a comprehensive package of documents designed for private equity and venture capital managers that want to start fundraising quickly and attract qualified limited partner capital from ILPA members. The “star” of the Toolkit is ILPA’s model limited partnership agreements.

Please join K&L Gates’ Scott Peterman on a “walk through” of key provisions of ILPA’s new model limited partnership agreements.

Detailed Information

This session will cover:

  • Current trends and hot issues in private equity fund terms
  • Goals of ILPA’s Model LPAs
  • Introduction to waterfalls
  • Carried Interest Pressure Points
  • Which “pref” do you prefer?
  • Clawbacks: the price for early carry
  • Who’s crowing about escrow?
  • What triggers key person provisions?
  • Indemnities
  • Parallel funds and sidecars
  • Portfolio overlapping
  • General Partner-led secondaries
  • Co-investments are a “must have”
  • Changing the fund terms
  • ESG

Registration Conditions

To view our registration conditions click HERE.