Investors Should Resist 'Giveback Inflation' In Partnerships

By Marc Lieberman and Kenneth Witt (April 17, 2020, 6:01 PM EDT) -- Most limited partnership agreements memorializing private equity investments require limited partners to return a portion of the partnership's distributions in the event the partnership incurs liabilities (typically indemnity obligations) it cannot otherwise cover from other sources such as fund income, insurance proceeds or portfolio assets....

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