Looking for Legislation Triggers...
I keep hearing talk that some top-tier PE/VC funds have “legislation triggers,” or clauses that give GPs the option to alter fund terms due to the passage of . The most obvious trigger would be a change to carried interest tax treatment, but it is not the only one (could a new term be "MALs" -- material adverse laws?) I’m looking for some specific examples, so please drop me a (confidential) note if you know of any....
22 June 2010•1 min read
