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Fund Operations

Should the Fund appoint new LPs to the LPAC?

Asked by:
Community Member
Edited by:
Brett Sagan
on July 10, 2023
1
0
0
Jul 06, 2023
1 answer
Brett Sagan
Accepted Answer
Jul 06, 2023
Generally - no, the Fund should not appoint new LPs to the LPAC, unless it is someone the Fund Manager trusts implicitly and has worked with over a long period of time. It is important to be cautious about giving unfamiliar LPs a seat on your LPAC as it can lead to complications for the Fund and limit the Fund Manager's ability to make decisions on behalf of the Fund. Regardless of their financial contribution, prioritize placing individuals you trust on the LPAC. 

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