Hi everyone, I'm an investment funds lawyer in New York. I also write on PE/VC fundraising.

Please see below a post that acts as a primer for non-specialists on the US fundraising market from a legal perspective. I explore some key elements of limited partnership agreements (LPAs), particularly how they define the relationship between fund managers and investors. We look at terms like GP commitments, management fees, and governance provisions. I hope you find it helpful:

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