ILPA Model Presents Private Equity Fund Financing Hurdles

Law360 (January 31, 2020, 5:56 PM EST) -- The Institutional Limited Partners Association recently published a model limited partnership agreement, or MLPA, for private equity buyout funds.[1]

The MLPA followed the ILPA’s publication of “Subscription Lines of Credit and Alignment of Interest: Considerations and Best Practices for Limited and General Partners," which reflected the increased usage of subscription-backed credit facilities, or SCFs — also known as capital call or capital commitment facilities — and outlined for the limited partner community the advantages of SCFs to investors in private equity funds and best practices relating thereto.

While the MLPA contemplates the possibility of fund-level indebtedness and SCFs by providing a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!