Back of a Napkin Webinar Series

Please join us for the second installment of our four-part webinar series hosted by Hila Cohen, partner in MoFo’s Private Funds Group. This session will feature David Zhou, an investor, connector of emerging fund managers and LP investors, and co-founder of The Side Letter, who will share an LP’s perspective on the fund terms that matter most and what they signal to investors during fundraising.

Rather than simply defining key provisions, this discussion will explore how LPs evaluate fund terms, where they may be willing to be flexible for emerging managers, and what GPs should consider before putting terms on paper.

Topics will include:

• The provisions LPs review first in a term sheet and LPA
• Which terms matter most to LPs and where there may be flexibility for emerging managers
• What fund terms signal to investors, from GP commitments and management fees to recycling and hard caps
• Issues GPs should address proactively to build investor confidence and streamline fundraising
• Q&A featuring questions submitted during registration

Stay Connected for Upcoming Sessions

• Part 3: Power Players – Anchor Investors and GP Stakes
• Part 4: Building Your Machine – Team, Advisors, and Deal Flow