The Journal of Private Equity, pp. 33-54, Spring 2010
23 Pages Posted: 8 Aug 2013 Last revised: 13 Oct 2015
Date Written: March 1, 2010
This is the first of a two-part article that provides a detailed review of the business terms usually found in a Private Equity Fund's limited partnership agreement. Part I focuses on economic terms: commitment amounts, capital calls, waterfalls (the distribution scheme), give-backs, clawbacks, fees & expenses. In closing it touches on some special investor issues relating to tax and ERISA. Part II, in a separate article, deals with governance matters.
Keywords: Private Equity
Suggested Citation: Suggested Citation
Chertok, Seth and Braendel, Addison D., Closed-End Private Equity Funds: A Detailed Overview of Fund Business Terms, Part I (March 1, 2010). The Journal of Private Equity, pp. 33-54, Spring 2010 ; Penn State Law Research Paper No. 35-2013. Available at SSRN: https://ssrn.com/abstract=2307163