Private Equity
Clawback Provisions in Private Equity Funds: A Plain-English Guide and LP Due Diligence Checklist
By Jeff Barnes, MBA TL;DR: A clawback provision in a private equity limited partnership agreement (LPA) requires the general partner (GP) to return previously distributed carried interest to limited
Jeff Barnes, MBA··12 min read
Real Estate
Preferred Equity vs. Preferred Return: What's the Difference (and Why It Costs You Money If You Confuse Them)
Preferred return is a distribution rule inside LP equity, while preferred equity is a senior capital layer paid ahead of common equity.
Jeff Barnes, MBA··11 min read