Home Bookstore Private Equity The LPA Anatomised, Second Edition

The LPA Anatomised, Second Edition

US$ 515.00

Key Information

  • ISBN: 978-1-911316-09-1
  • Publication Date: February 2018
  • Number of Pages: 200

Edited by Nigel van Zyl and Edward Lee of top law firm Proskauer, this fully updated edition features the latest insight and views of leading lawyers and industry experts on how GP/LP alignment is created, how the long-term relationship between them is fostered though the LPA, and how recent regulation and litigation are influencing LPA terms.

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Your comprehensive guide to negotiating private fund terms

PEI’s fully updated second edition of The LPA Anatomised features the latest insights and views of leading lawyers and industry experts on how GP/LP alignment is created. Edited by Nigel van Zyl and Edward Lee of top law firm Proskauer, the book also explores how the long-term relationship between LPs and GPs is fostered though the LPA; and how recent regulation and litigation are influencing LPA terms.

This is a must-have guide for anyone making decisions or advising on fund terms, or involved in drafting and negotiating LPAs.

Content highlights:

  • A to Z of LPA terms and how to negotiate them effectively.
  • Time for a more flexible model for GP/LP alignment?
  • The role of litigation and regulation in the evolution of private fund partnership agreements.
  • Case study: How to handle a challenging LPA negotiation.
  • A comparison of LPAs in the US, Europe and Asia.
  • How to structure and negotiate separately managed accounts.
  • Issues GPs must consider when approaching LPs to discuss revising fund terms.

Who should buy this book:

  • General Partners
  • Limited Partners
  • Placement Agents
  • Lawyers
  • Fund Administrators
  • Accountants
  • Tax Advisers

- Nigel van Zyl and Edward Lee, Proskauer

- Adam Turtle, Rede Partners LLP and Emma Cleveland, Cleveland & Co

- Luba Nikulina, Willis Towers Watson

- David Tegeler, Proskauer

- Lynn Chan, Proskauer

- Robin A. Painter, Proskauer

- Matthew McBride, Proskauer

- Stephanie W. Berdik, Proskauer

- Chris Hayes, Institutional Limited Partners Association

- Tarek Mardini and Amos Veith, P+P Pollath + Partners

- Timothy W. Mungovan, Proskauer

- Joshua Newville, Proskauer

- Michael Suppappola, Proskauer

- John Verwey, Proskauer

- Alan Ross, Aztec Group

- Stephen Sims and Greg Norman, Skadden, Arps, Slate,
Meagher & Flom (UK) LLP

- Ed Hall, Goodwin

- Howard Beber, Proskauer

- Scott Jones, Proskauer

- Andrew Shore, Proskauer

- Malcolm B. Nicholls, Proskauer

- Kate Simpson, Proskauer

- David Jones, Proskauer

- Matthew Huggett, Nick Williams and Dominic von Wulffen,
Allen & Overy LLP

- Catherine Sear, Proskauer

- Mary Kuusisto, Proskauer

- Marguerite Lombardo, Proskauer

- Ira G. Bogner, Proskauer

- Adam W. Scoll, Proskauer

About the editors

About Proskauer

Introduction
By Nigel van Zyl and Edward Lee, Proskauer

SECTION 1: Fundamental issues and trends in term negotiation

1 Aligning GP and LP interests in the LPA: New cycle, new challenges

2 Rewarding true value creation in private equity: implications for LPA economic terms

3 LPAs: A regional comparison 23

4 Case study. Facilitating consensus: How to handle a challenging LPA negotiation

5 Structuring and negotiating separately managed accounts

6 ILPA’s LPA simplification initiative

7 The ILPA influence

8 Renegotiating LPA terms

9 The role of litigation and regulation in the evolution of private

10 The realities of the LPA

SECTION 2: The LPA terms deconstructed

11 Structure and composition terms of the limited partnership

12 Fund mechanics: Operation and management terms

13 Economic provisions

15 Investor protection provisions

16 The Advisory Committee

17 Exculpation and indemnification provisions

18 Tax-related provisions of the LPA

19 Key provisions for ERISA investors

20 The subscription agreement

Conclusion

About PEI

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