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
Excuse Rights in Private Equity Explained: When an LP Can Opt Out of a Deal and Why GPs Hate Them
An excuse right is a clause in a private equity fund's limited partnership agreement that lets a specific limited partner (LP) sit out one deal, without penalty, when that deal conflicts with the LP's
Jeff Barnes, MBA··11 min read