ILPA's Nelson: LPs must prioritize high-impact governance terms over exhaustive negotiations
Steve Nelson · Steve Nelson – Assisting Private Equity Allocators Through Turbulent Times at ILPA (Capital Allocators, EP.129) · Apr 9, 2020 · at 14:57
Steve Nelson, CEO of ILPA, explains how institutional investors navigate fund terms when general partners hold negotiation leverage.
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“Many LPs have taken is to be targeted in terms of what they care about and really go to their GPs with as strong a message as possible on fiduciary duty or reporting or LPAC rights and try and make sure that what they're asking for is what they see as being most impactful in the current environment and not losing sight of the broader range of issues that are worth spending time on over time. [924] Steve Nelson: But being realistic, frankly, about what's achievable.”
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