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.