ARTICLE · 29 AUGUST 2025
The ILP incorporates standard private fund features including but not limited to: the ability to have a closed-ended structure; excuse and exclude provisions; capital accounts; commitments, capital contributions and drawdowns; defaulting investor provisions; distribution waterfalls and carried interest mechanisms and advisory committees.
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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.
