Venture Capital
The Key Person Clause: What It Does and Why LPs Should Read It First
TL;DR: A key person clause names specific individuals in a private equity or venture capital fund's limited partnership agreement whose departure, death, disability, or reduced time commitment trigger
Jeff Barnes, MBA··9 min read
Regulatory & Compliance
The Key Person Clause: What Actually Protects You If Your Fund Manager Walks Away
Most LPs invest in a fund because of two or three specific people, and almost none of them read the clause that protects them if those people leave, according to the SEC's own investor education...
Jeff Barnes, MBA··10 min read