Mr David Nelson

David Nelson

Updates

Private Client & Offshore Services

Capital call facilities – LPA and side letter review
Cayman Islands | 10 January 2019

Along with the growth and maturity of the fund finance market, funds and their counsel have become increasingly familiar with lenders' limited partnership agreement (LPA) requirements. Therefore, newer LPAs often include the provisions that lenders require in order to provide financing under a capital call facility. Lenders and their counsel should consider several key due diligence points when reviewing LPAs, investor subscription documents and related side letters.