We plan to give GPs in the fund co-investment rights. What would that process look like? I assume we need a side letter for it. But also, what other types of agreements are needed between the investment and investor? How does money flow between us, investment and co-investment rights investor?
This does not have to be memorialized in any agreement. You can just offer the opportunity as they come up with an SPV. If an investor asks, you can offer a side letter for this right.