NO.PZ2023041004000077
问题如下:
Chen goes on to discuss a number of other fund provisions with Madan. He explains that the no-fault divorce clause, tag-along rights, and hurdle rate all represent benefits to the LP investors, whereas the co-investment provision and placement fees primarily benefit the GP. Is Chen most likely accurate regarding provisions that benefit LPs versus those that benefit GPs?
选项:
A.Yes
B.No, with regard to items that benefit the LPs
C.No, with regard to items that benefit the GPs
解释:
The co-investment provision is generally favorable for LP investors. With this provision, LPs generally have a first right of co-investing along with the GP. This can be advantageous for the LPs because fees and profit share are likely to be lower (or zero) on co-invested capital. The GP and affiliated parties are also typically restricted in their co-investments to prevent conflicts of interest with their LPs. Placement fees are paid to the fundraiser, either up front or as a trailer fee, corresponding to a fraction of the amount invested by the limited partners. A is incorrect. The co-investment provision is generally favorable for LP, not GP, investors. B is incorrect. The items Chen lists as benefits for LP investors are accurate.nofault,tag,co,placement,请详细解释一下这几个都是什么意思,代表什么情景?用中文说,不要贴英文讲义。