
Know your limits
One of the most interesting findings in Squadron Capital’s Asia Pacific Private Equity Fund Terms Survey on regional adherence to the International Limited Partners Association principles on fund t&c was not about the ILPA Principles at all.
Rather, it focused on restrictions within fund terms on private investments into public equities (PIPEs). And of the 90 GPs polled, the survey found that 43% had no restrictions whatsoever on the proportion...
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