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LP versus GP: buy-ins to the GP
Now that limited partners have had time to find the right pressure points when dealing with their GPs, many are talking about a new era in LP activism. But what exactly does this mean beyond the threat of litigation? To a growing number of LPs it means the formulation of a series of action points for their GPs that extends to getting a cut of the carry and beyond. Joe Bartlett takes a closer look.
