Primers
Primer: LP Governance Rights in Venture Capital Funds
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 […]
A Primer on “Freedom of Information Act” (FOIA) Issues for VC Fund Managers
In the United States, at both the federal and state level, investors that are public agencies (such as state and local government employee pension funds, public university endowments, etc.) are usually subject to rights of members of the public to request information about their activities by way of a “freedom […]