Know your terms without the headache
All the critical fund terms, automatically extracted. Private equity fund documents are laden with complex clauses and fine print. LP Insight’s Key Terms Digest combs through the Limited Partnership Agreement (LPA), Private Placement Memorandum (PPM), subscription agreements, and other legal docs to pull out the information that matters most to you as an investor. Get a comprehensive summary of the fund’s terms minus the legalese.
Comprehensive Term Extraction
From management fees, carry structure, and hurdle rates to key-man provisions, investment period, and LP advisory committee rights – our AI doesn’t miss a thing. It identifies and summarises each of these terms in plain language. Instead of wading through 200 pages of an LPA to find the fee clause, simply open the digest and see a neatly organised list with any nuances or catch-up clauses noted.
| Term | Description | Source |
|---|---|---|
| Management Fee | 2% per year on commitments, stepping down post investment period. | Clause 5.1 – LPA |
| Carried Interest | 20% over 8% hurdle, full catch-up, European waterfall. | Clause 7.3 – LPA |
| Hurdle Rate | Preferred return of 8%, compounded annually, before carry. | Clause 7.2 – LPA |
| Key-Man Clause | Suspension triggered if two key persons cease active roles. | Clause 9.1 – LPA |
| Investment Period | Five years from Initial Closing, extendable with LP consent. | Clause 3.4 – LPA |
| Recycling | Proceeds may be reinvested within 12 months of receipt. | Clause 4.6 – LPA |
| LP Advisory Committee | Consulted on conflicts, extensions, and valuation policies. | Schedule II – LPA |
| Co-Investment Rights | Offered to LPs pro-rata before external investors. | Side Letter – Investor A |
| Expense Policy | Fund pays all direct transaction costs; GP overhead excluded. | Clause 11.2 – LPA |
Compare with market standards
Worried if a term is off-market or unusual? The Key Terms Digest will flag terms that deviate from typical industry standards, so you immediately know if a term warrants negotiation or further review.
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