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LPs Want Protections From Continuation Funds For Their ‘No Fee’ Co-Investments

Buyouts Insider quoted Investment Funds Chair, Kari Harris in an article analyzing the position LPs  (Limited Partnership) face in the current fundraising environment. 

Kari said, "Some LPs regularly request side letters that explicitly prevent the co-investing LP from being dragged into a continuation fund. The LPs don’t always get the terms, but they definitely ask. There’s more of an awareness now among LPs."


Buyouts Insider