LP Languor

Holman, Kelly
July 2009
Mergers & Acquisitions Report;7/6/2009, Vol. 22 Issue 27, p15
The article exposes the weakness of limited partners as demonstrated by a Texas Pacific Group (TPG) deal which allowed its investors to reduce their commitments to its fund. The move followed the lead of London' Permira and this highlighted the concern of financial sponsors about the capacity of investors to fund private equity deals. Specifically, the idea that some limited partners might default on their obligations to fund new investments on behalf of their private equity fund partners has been raised.


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