9 DEVELOPED FOR LIMITED PARTNERS BY LIMITED PARTNERS KEY LEARNING OUTCOMES • Describe the core legal documentation and typical structure and jurisdictions utilized in private equity and the core differences related thereto. • Obtain and apply an in-depth understanding of the limited partnership agreement, its economic and non-economic terms and their interrelated nature. • Identify key issues that arise in other material agreements and describe ways to approach those issues. • Use lessons and exercises to review limited partnership agreements and other documents in a comprehensive manner and negotiate key terms in line with best practices while recognizing document and term interconnectedness and traditional GP responses to issues. COURSE OUTLINE PRIVATE EQUITY LANDSCAPE FROM A LEGAL PERSPECTIVE • LPA Part I – Economic Considerations • LPA Part II – Additional Economic Considerations • LPA Part III – Beyond the Economics OTHER DOCUMENTS • Reasonableness Checks • Side Letters • The Subscription Agreement • Legal Opinions • Confirmation Letters • The General Partner Agreement/ Documents COLLABORATION AND ANTITRUST REGULATORY UPDATE TEAM NEGOTIATION EXERCISE I MODULE 1