Institutional Limited Partners Association’s “Fiduciary Duties: Why They Matter” Workshop

Increasingly, LPs have been faced with a more difficult bargaining environment in negotiating the terms of their investments in the private equity marketplace. As part of this environment, we’ve seen a troubling growth in GP counsel inserting terms in the LPA that reduce or eliminate the fiduciary duties owed to their LPs.  These terms often indicate that the GP may act in its “sole discretion” – their own interest, not the interest of the partnership or the investors in the fund. Join ILPA and hosts Pillsbury Winthrop Shaw Pittman LLP for a panel discussion to explore these issues from the perspective of an investment professional and explain why these terms should be a priority in your negotiations with GPs.