Lily Wu

Apr 18, 2024 | lexology.com | Ed Harris |Adam Brown |Leanne Moezi |Lily Wu

It is now no longer uncommon that as a condition to approving the transfer of a limited partner ("LP") interest in a private fund, the general partner ("GP") of such fund may seek a stapled primary commitment to its newest vintage fund from the potential buyer. Given the increasing prevalence of these requests for staples and the corresponding impact they have on a deal, this article explores the topic of staples and how they may affect an LP stake sale.