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The New ILPA Model LPA: What GPs Need to Know

Robert Seber discusses a new model limited partnership agreement from the Institutional Limited Partner Association and why general partners need to be aware that a suggested “prudent person” standard has a very specific history and understanding in the investment management industry.

This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.