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Note on Private Equity Partnership Agreements

By: Josh Lerner
  • Format:Print
  • | Language:English
  • | Pages:12
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Abstract

Venture capital by necessity is a long-run investment. Consequently, since the mid-1960s virtually all venture financing has been raised through private partnerships with a ten-year or longer life span. To govern these investments, complex contracts have sprung up between venture capitalists and limited partners. These contracts provide an insight into the complex challenge of raising and managing a venture capital fund.

Keywords

Venture Capital; Financing and Loans; Investment; Governance; Contracts; Partners and Partnerships

Citation

Lerner, Josh. "Note on Private Equity Partnership Agreements." Harvard Business School Background Note 294-084, January 1994. (Revised April 2011.)

About The Author

Josh Lerner

Entrepreneurial Management
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