Navigating Fund Structures: Understanding ILPA's Whole of Fund Waterfall Model | Steve Balaban, CFA 00:10:00
Steve Balaban, CFA, delves into the Institutional Limited Partners Association's (ILPA) model Limited Partnership Agreement, focusing on the Whole of Fund Waterfall structure. Steve explains key elements such as waterfall mechanisms, the reduction of side letter costs, enhanced Limited Partner Advisory Committee (LPAC) authority, GP removal clauses, and the standards of care necessary in partnerships. With his expertise in private equity and investment, Steve aims to equip Limited Partners with the knowledge to navigate future negotiations with General Partners effectively.
