MJ Hudson LP Unit Flyer

MJHUDSON.COM

THE MJ HUDSON LP UNIT

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Our LP Unit The LP Unit focuses on acting for LPs with one goal; to enhance GP/ LP alignment on every fund

reviewed and negotiated.

Private funds are becoming more opaque, despite recent regulatory attempts (such as AIFMD) to

make them more transparent, and fund legal documents are becoming more and more complex. This

makes the net result of a primary fund investment increasingly hard to understand. However, if an

investor decides to negotiate fund documents, better terms will be obtained in most cases. MJ Hudson

recognises that reviewing fund documentation is a key part of the investment process for most

institutional private fund investors.

As a result, MJ Hudson has pooled its extensive private funds experience, gathered from acting over a

number of years for both GPs and LPs and working in-house at both fund managers (for example Coller

Capital and Man Group) and institutional investors (Capital Dynamics, EIF and USS), and formed a

dedicated team of specialist lawyers who have considerable experience acting for institutional

investors making investments in private funds; the LP Unit.

For a fixed price, the LP Unit creates a bespoke legal review report for each fund reviewed.

LP Intel / LP Confidential Events From 2016 the LP Unit runs a bi-monthly publication called LP Intel, which focus exclusively on the

issues which matter for LPs investing in private funds. You can subscribe to LP Intel by filling out the

form at www.mjhudson.com/expertise/lpunit (This form is only for investors). The LP Unit also runs a

number of LP-only seminars. Please contact [email protected] to register for our next event.

Benchmarking The LP Unit regularly records, benchmarks and analyses fund terms data to (a) share with our

institutional investor clients, outlining current market trends, and (b) ensure that we retain excellent

market knowledge. An example of this is the LP Unit’s latest PE Fund Terms Survey can be found at

www.mjhudson.com/content/uploads/2015/10/LP-Unit-Fund-Terms-Survey.pdf

Pricing

Typical report and negotiation is a fixed fee of £15,000.

Scope of work:

Fund term Benchmark report: Comparing a number of material fund terms

Executive summary of key issues

Comparison of fund terms against ILPA Principles

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Detailed summary and commentary on the terms of the fund with reference to the prior

fund terms

Negotiation on fund terms

Negotiation of investor side letter

Sample LP Clients The LP Unit represents the following types of private fund investors:

Funds of Funds

Pension Funds / Insurance Companies

Sovereign Wealth Funds

Family Offices / Multi-Family Offices

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Key Contacts

Eamon Devlin

Managing Partner +44 (0)20 3463 3207 [email protected]

Shervin Shameli

Partner +44 (0)20 3463 3209 [email protected]

Ted Craig

Partner +44 (0)20 3463 3216 [email protected]

Mark Silveira

Senior Associate +44 (0)20 3463 3213 [email protected]

Benjamin Aller Partner +33(0)1 83 81 50 01 [email protected]

Ravi Longia Senior Associate +44 (0)20 3463 3226 [email protected]

Saloni Joshi Partner +44 (0)20 3463 3200 [email protected]

Robert Eke Associate +44 (0)20 3463 3203 [email protected]

Documents

MJ Hudson LP Unit Flyer