Structuring LP/GP Economics: Preferred Returns, Promote and Control
Draft — not published
This article is in preparation. The outline below records the intended structure only; no analysis has been written or approved for publication. The page is excluded from search indexing and from the sitemap until the content is reviewed and approved.
Executive summary
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The economics and the governance are one negotiation
Section outlined; content pending review.
Preferred return: rate, accrual and compounding
Section outlined; content pending review.
Waterfall tiers, catch-up and promote crystallisation
Section outlined; content pending review.
Capital contributions, dilution and remedies
Section outlined; content pending review.
Control, major decisions and removal rights
Section outlined; content pending review.
Where structures commonly break down
Section outlined; content pending review.
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