Capital Raising
The LP Side Letter Playbook for $250K Investors
Most accredited investors assume side letters are reserved for pension funds writing $50 million checks. That assumption costs you real rights. ILPA Principles 3.0, published in June 2019, explicitly
Jeff Barnes, MBA··11 min read
Private Equity
What Is a Key Man Clause in Private Equity and Venture Capital?
A key man clause, also called a key person provision, is the section of a private fund's limited partnership agreement (LPA) that names the specific individuals whose continued, active involvement is
Jeff Barnes, MBA··13 min read
Private Equity
How an LP Should Read a Continuation Vehicle Fairness Opinion Before Deciding to Roll or Sell
TL;DR: Continuation vehicles generated $65 billion of GP-led secondary volume in the first half of 2026, up 35% year over year, according to Evercore's H1 2026 Secondary Market Review — and every one
Jeff Barnes, MBA··11 min read