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Limited partnership agreement project

05/08/2004Source: Center for Private Equity and Entrepreneurship: Tuck School of Business at Dartmouth.  

This Tuck School of Business survey canvasses the opinions of both LPs and GPs with regards the cost of the limited partnership agreement, its role as a governance document and the value to the industry of a guideline or model LPA.

The survey finds that both LPs and GPs place primary importance on provisions that address the economic terms of the LPA. The greatest points of disagreement between GPs and LPs involve LPA provisions addressing governance, with LPs ascribing greater importance to these provisions than GPs.

Click here to view the full report (pdf 300kb)

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The Center for Private Equity and Entrepreneurship aims to produce practical and insightful global private equity and entrepreneurship research and education. It covers both macro and micro issues relating to private equity in areas such as capital markets, financing structures, governance and entrepreneurship.

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