Private equity fund terms and conditions are an important aspect of fund agreements between GPs and LPs. It is essential that the interests between the two parties in this area are closely aligned to ensure a harmonious and positive working relationship during the lifetime of the fund, and potentially thereafter in the form of reups or positive sentiment within the investor community. Should this sensitive area be neglected and fund terms and conditions favor either the GP or LP, problems may be compounded and over the longer term, parties can lose out economically. Fundamentally, it is important for GPs to...