Description
This workshop will explore issues and solution paths for relationships that LPs no longer wish to maintain going forward, from the most simple to the most complex. The pros/cons and degree-of-difficulty of each solution path will be explored. Multiple real-life case studies will be presented (non-attributable summaries of which will be distributed in each session) to promote interactive discussion and determine whether the target outcome was achieved. Participants will have a framework for recognizing, evaluating, and acting on these situations in the future.
Learning Objectives
- Determine the root causes and evolution of challenged funds and how relationships can deteriorate over time
- Provide a playbook of options for dealing with these situations and explore the nuances of pursuing various solution paths
- Assess who initiates action in these situations, and why. Assess whether and when an LP should initiate action and the potential benefits and consequences
- Explore which of the following options might be a good fit for specific situations: pre-commitment legal terms, fee-reductions, suspension/commitment reductions, GP replacement, position secondary sale, fund restructuring, legacy asset management, and do nothing/business as usual
Institutional Limited Partners Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org
