On Wednesday, October 16, the Regulatory Fundamentals Group hosted the webinar “When an LP Defaults: What Happens?” with speakers Ed Hall and Bill Weintraub. They addressed how endowment investment offices should prepare for the possibility of an LP defaulting, covering the topics:
key LPA provisions and how they impact non-defaulting investors;
what happens in practice;
- what to expect when a defaulting LP is insolvent or in a reorganization proceeding;
- purchasing the interest of a defaulting LP; and
- LPA terms LPs should consider requesting.
The Regulatory Fundamentals Group helps clients proactively understand regulatory and legal issues (and solutions) that arise from engaging in investment activities. RFG represents clients that have approximately $150 billion in combined assets under management, including a consortium of the nation’s leading endowment investment offices. RFG advises clients through its weekly newsletter, white papers, webinar presentations, semi-annual programs, and its online knowledge management portal, RFG Pathfinder®. www.RegFG.com