NYPEN Legal Series: Private Equity GP/LP Fund Terms
Invitation Link: http://www.cvent.com/d/mcqn2s/4W
The New York Private Equity Network ("NYPEN") and Kirkland & Ellis LLP are pleased to invite you to the "Private Equity GP / LP Fund Terms" class in the NYPEN Legal Series, to be held on Monday, June 27th.
The market for private equity fund-raising has improved significantly in the last 12 months and an increasing number of sponsors are in the market raising new funds. However, the fundraising environment remains challenging and an understanding of the current market for key business and legal terms remains critical. This hands-on, practical class will provide insight and analysis of the key legal and business terms and conditions of private equity funds in today's market. In particular, the class will focus on recent trends and developments in key terms, as well as analysis of the changes in terms in historical context. This highly interactive session will consider the principal terms that govern the operation of private equity funds, with particular focus on economic issues and the relationship between a fund's general partner and its limited partners -- considered from both perspectives. Key legal and business issues that will be covered include:
- Economics for sponsor, including carried interest, preferred returns, management and transaction fees and clawbacks
- Governance, including key man, investment limitations and "divorce" provisions
- Co-investment arrangements
- Role of placement agents
In addition, the class will provide insight on new strategies and tactics that fund sponsors are utilizing to achieve successful fund-raisings in challenging market conditions, as well as the latest market intelligence on which terms are changing for different types of funds, including jumbo funds, middle-market funds, first-time funds, and other types of funds.
Date: Monday, June 27, 2011
Time: 7:00pm - 8:30pm (followed by cocktails)
Location: Offices of Kirkland & Ellis LLP, 601 Lexington Avenue (betw. 54th and 53rd Streets)