RT Journal Article
SR Electronic
T1 Closed-End Private Equity Funds: <em>A Detailed Overview of Fund Business Terms, Part II</em>
JF The Journal of Private Equity
FD Institutional Investor Journals
SP 57
OP 83
DO 10.3905/jpe.2010.13.3.057
VO 13
IS 3
A1 Addison D. Braendel
A1 Seth Chertok
YR 2010
UL https://pm-research.com/content/13/3/57.abstract
AB The focus of Part II of this article is on governance protectionsand other types of protections that investors may seek. In particular, weconsider a fund sponsor’s ability to waive fiduciary duties and to engage incertain types of conflicts of interest transactions, and the protections thatinvestors may seek to reduce these conflicts of interest. We also considerother types of investor protections, such as, without limitation, exit rights,transfer rights, LP default, bridge financing, advisory boards, investmentrestrictions, excuse and exclusion, coinvestments, AIVs and parallel funds, andreporting. Finally, we consider confidentiality issues, a protection that maybe relevant both to fund sponsors and investors.TOPICS: Private equity, legal/regulatory/public policy, portfolio construction