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Blog - Primer: Lp Governance Rights In Venture Capital Funds | Cooley Llp

by jdsupra.com posted 3weeks ago 36 views
Venture capital funds are closed-ended, long duration blind pools. In the many years following closing, the fund manager is permitted to operate and invest the fund in its discretion as long as it stays within some limited guidelines codified at inception in the partnership agreement. But, what happens if circumstances change over time such that the investors become truly unsatisfied with the prospects for the fund, or the management of it?...By: Cooley LLP.

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