Akin Gump Provides Assistance to ILPA on New Guidance for GP-Led Secondary Transactions
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(New York) – Akin Gump corporate partner Ackneil M. Muldrow III and associate Elizabeth Atkins provided valuable insights to the Institutional Limited Partners Association (ILPA) for its recently released guidance on general partner-led recapitalization transactions. The guidance was issued in response to the significant growth in the number of these transactions globally.
Mr. Muldrow and Ms. Atkins are among several attorneys who work with leading investment funds on structuring and negotiating recapitalization transactions. The new guidance is instrumental in developing recommendations that address:
- Limited partner engagement and the role of the LP advisory committee.
- Adequate disclosures of information.
- Timing and structure of a well-run process.
- Allocation of fees and expenses.
- The role of third party advisors.
- Steps for LPs to take when engaging in a GP-led process.
To read the full guidance, please click here.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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