Deep Dive: Votes, Consents and Amendments

How LP votes work, majority-in-interest, and what to do when asked to consent.

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LPA amendments, term extensions and GP removal usually require a vote measured by capital (“majority in interest”). Read consent requests carefully, ask for the reasons and alternatives, and respond by the deadline; silence may count as consent in some agreements.

Governance: Key Person, GP Removal, Advisory Committee and Conflicts

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More on this stage: Deep Dive: Votes, Consents and Amendments · Deep Dive: Estate Planning for LP Interests