The LPA Anatomised

The Limited Partnership Agreement is one of the most closely guarded and confidential documents in private equity - and any open discussion about its finer detail has tended to be

The LPA Anatomised, is a welcome industry first. It presents a unique, detailed and highly practical guide to the complexities of negotiating key fund terms enshrined in LPAs.

Key areas covered include:
•Over 50 LPA terms deconstructed and analysed, including key-man clauses, GP commitment, GP removal, clawbacks and escrow, co-investments and MFN
•Discover the challenges of aligning GP/LP interests in the current economic cycle
•Find out how the ILPA Principles are influencing and shaping key LPA terms
•Why do European funds and US funds differ in their approach to certain fund terms
•The book reveals the approach fundraisers in emerging markets are taking
•Gain an insight into how lawyers facilitate GP/LP consensus in a hypothetical case study of a challenging LPA negotiation
•We highlight the preferred terms based on our revealing LP survey
•Identify the practical challenges of implementing the LPA provisions and solutions
•Nigel van Zyl and David Tegeler, Proskauer Rose
•Ed Hall and Liz Judd, SJ Berwin
•Stephen Sims and Greg Norman, Skadden, Arps, Slate, Meagher & Flom
•Matthew Huggett and Jan Gruter, Allen & Overy
•Tarek Mardini and Amos Veith, P+P Pöllath & Partners
•James Bromley and Adam Turtle, Rede Partners
•Howard Beber, Oliver Rochman and Scott Jones, Proskauer Rose
•Ira Bogner, Proskauer Rose
•Jenny Wheater, Mary Kuusisto, Rebecca Forter, Proskauer Rose
•Kate Simpson and Malcolm Nicholls, Proskauer Rose
•E. Brooke Whitaker, Serasi Capital and Veronica L. John, Mekong Capital
•Robin Painter, Proskauer Rose
•Robert Barry and David Jones, Proskauer Rose
•Alan Ross, The Aztec Group
•Matt Feldmann and Ryan McCarthy, Clifford Chance
•Luba Nikulina, Towers Watson