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Fund Operations

What's the most common way to handle defaulting LPs?

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Nov 29, 2023

Looking at the Cornerstone LPA for example, I find there's multiple avenues a GP could choose to deal with a defaulting LP. What's, based on industry experience, the rationale for choosing one over the other, and which ones are the most common? - ...

Top answer:

Usually, the LP will work to find a buyer for the defaulted position. That is the most common way to manage this. 

 -  Mike Suprovici
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