Hi,
How does the LPA balance the GP's discretion to make investment and portfolio-management decisions with the LPs' rights to oversight, reporting and approval? What are the most important situations where the GP's discretion is limited?
How does the LPA balance the GP's discretion to make investment and portfolio-management decisions with the LPs' rights to oversight, reporting and approval? What are the most important situations where the GP's discretion is limited?
