[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-172536-105":53,"doc-detail-172536-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","ilpa-model-limited-partnership-agreement-october-2019","ILPA Model Limited Partnership Agreement - October 2019","","ILPA Model Limited Partnership Agreement (October 2019) provides definitions and interpretive guidance for an amended and restated limited partnership arrangement intended to launch a private equity buyout fund. It frames interests as unregistered securities under the U.S. Securities Act and applicable state and other securities laws, restricting transfers and transactions to compliance with registration exemptions. It also sets drafting placeholders for parties, fund entities, partner roles, and incorporates interpretive structure for subsequent articles, schedules, and operational provisions.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/ilpa-model-limited-partnership-agreement-october-2019/172536/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/ilpa-model-limited-partnership-agreement-october-2019/172536.png","ImageObject",442,249,{"name":88,"@type":89},"Jake","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-10-03","2026-09-01",true,{"@type":98,"interactionType":99,"userInteractionCount":8},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is the purpose of the ILPA Model Limited Partnership Agreement (October 2019)?","Question",{"text":108,"@type":109},"It serves as a starting point for forming an amended and restated limited partnership agreement for a private equity buyout fund, intended to be tailored to specific requirements.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How does the agreement treat the limited partnership interests from a securities registration perspective?",{"text":113,"@type":109},"It states that the interests have not been registered under the U.S. Securities Act and other applicable securities laws, and they may only be acquired and transferred in compliance with applicable exemptions and the agreement’s terms.",{"name":115,"@type":106,"acceptedAnswer":116},"Who are the parties to the amended and restated agreement?",{"text":117,"@type":109},"The agreement is made among the general partner, the fund manager, and the initial limited partner (with additional limited partners admitted under the recitals and subsequent provisions).","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},172536,1788294433,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":8,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":125,"read_time":140},962084928904,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","\u0003\nThe ILPA Model Limited Partnership Agreement\nOctober 2019\nThis Model Limited Partnership Agreement is the work product of an international group of counsel working under the direction of the Institutional Limited Partners Association (ILPA). This document is intended to serve as a starting point for forming a private equity buyout fund and should be tailored to meet your specific requirements. This document should not be construed as legal advice for any particular facts or circumstances.\n\u0004\nAMENDED AND RESTATED\nAGREEMENT OF LIMITED PARTNERSHIP\nOF\n____________________________________________\n(a Delaware limited partnership)\nDATED [__], 20[__]\nTHE LIMITED PARTNERSHIP INTERESTS (“INTERESTS”) OF [_______________________] HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), THE SECURITIES LAWS OF ANY STATE OR ANY OTHER APPLICABLE U.S. OR NON-U.S. SECURITIES LAWS, IN EACH CASE IN RELIANCE UPON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT AND SUCH LAWS.  THE INTERESTS MAY BE ACQUIRED FOR INVESTMENT ONLY, AND NEITHER THE INTERESTS NOR ANY PART THEREOF MAY BE OFFERED FOR SALE, PLEDGED, HYPOTHECATED, SOLD, ASSIGNED OR TRANSFERRED AT ANY TIME EXCEPT IN COMPLIANCE WITH: (I) THE U.S. SECURITIES ACT, ANY APPLICABLE STATE SECURITIES LAWS AND ANY OTHER APPLICABLE SECURITIES LAWS AND (II) THE TERMS AND CONDITIONS OF THIS AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP.  THE INTERESTS WILL NOT BE TRANSFERRED OF RECORD EXCEPT IN COMPLIANCE WITH SUCH LAWS AND THIS AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP.  THEREFORE, PURCHASERS OF THE INTERESTS WILL BE REQUIRED TO BEAR THE RISK OF THEIR INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.\nTO NON-U.S. INVESTORS: IN ADDITION TO THE FOREGOING, BE ADVISED THAT THE INTERESTS HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (OTHER THAN DISTRIBUTORS) UNLESS THE INTERESTS ARE REGISTERED UNDER THE U.S. SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT IS AVAILABLE.  HEDGING TRANSACTIONS (WITHIN THE MEANING OF REGULATION S UNDER THE U.S. SECURITIES ACT) INVOLVING THE INTERESTS MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE U.S. SECURITIES ACT.\n\u000f\n\u0013 TOC \\t \"Article5_L1,1,\"\\w \\l \"1-1\" \\h \\* MERGEFORMAT \u0014\u0013 HYPERLINK \\l \"_Toc2094292\" \u00141.\tDefinitions and Interpretation\t\u0013 PAGEREF _Toc2094292 \\h \u00141\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094293\" \u00142.\tGeneral Provisions\t\u0013 PAGEREF _Toc2094293 \\h \u001418\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094294\" \u00143.\tManagement; LIMITED PARTNERS\t\u0013 PAGEREF _Toc2094294 \\h \u001424\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094295\" \u00144.\tCommitments\t\u0013 PAGEREF _Toc2094295 \\h \u001424\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094296\" \u00145.\tClosings\t\u0013 PAGEREF _Toc2094296 \\h \u001425\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094297\" \u00146.\tCapital Contributions\t\u0013 PAGEREF _Toc2094297 \\h \u001426\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094298\" \u00147.\tInvestments\t\u0013 PAGEREF _Toc2094298 \\h \u001433\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094299\" \u00148.\tManagement\t\u0013 PAGEREF _Toc2094299 \\h \u001435\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094300\" \u00149.\tExclusivity and Potential Conflicts of Interests\t\u0013 PAGEREF _Toc2094300 \\h \u001441\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094301\" \u001410.\tRemoval of the General Partner; Termination of the Fund\t\u0013 PAGEREF _Toc2094301 \\h \u001443\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094302\" \u001411.\tKey Person Event; Suspension\t\u0013 PAGEREF _Toc2094302 \\h \u001446\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094303\" \u001412.\tGeneral Meeting of Partners\t\u0013 PAGEREF _Toc2094303 \\h \u001447\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094304\" \u001413.\tAdvisory Committee\t\u0013 PAGEREF _Toc2094304 \\h \u001447\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094305\" \u001414.\tDistributions; Allocations\t\u0013 PAGEREF _Toc2094305 \\h \u001451\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094306\" \u001415.\tBooks and Records; Reports to LIMITED PARTNERS\t\u0013 PAGEREF _Toc2094306 \\h \u001456\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094307\" \u001416.\tEXCULPATION AND Indemnification\t\u0013 PAGEREF _Toc2094307 \\h \u001461\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094308\" \u001417.\tTransfers; Substitute Partners\t\u0013 PAGEREF _Toc2094308 \\h \u001463\u0015\u0015\n\u0013 HYPERLINK \\l \"_Toc2094309\" \u001418.\tTerm, Dissolution and Winding up","cbCaim7KNs0xmcIW","https://ap.wps.com/l/cbCaim7KNs0xmcIW","docx",150317,74,"English","# Definitions and Interpretation\n## General Provisions\n## Management; LIMITED PARTNERS\n## Commitments\n## Closings\n## Capital Contributions\n## Investments\n## Management\n## Exclusivity and Potential Conflicts of Interests\n## Removal of the General Partner; Termination of the Fund\n## Key Person Event; Suspension\n## General Meeting of Partners\n## Advisory Committee\n## Distributions; Allocations\n## Books and Records; Reports to LIMITED PARTNERS\n## EXCULPATION AND Indemnification\n## Transfers; Substitute Partners\n## Term, Dissolution and Winding up of the Fund\n## Amendments; Power of Attorney\n## Miscellaneous\n## Governing Law and Dispute Settlement\n## SCHEDULE 1: PARTNER COMMITMENTS\n## SCHEDULE 2: INVESTMENT POLICY","[{\"question\":\"What is the purpose of the ILPA Model Limited Partnership Agreement (October 2019)?\",\"answer\":\"It serves as a starting point for forming an amended and restated limited partnership agreement for a private equity buyout fund, intended to be tailored to specific requirements.\"},{\"question\":\"How does the agreement treat the limited partnership interests from a securities registration perspective?\",\"answer\":\"It states that the interests have not been registered under the U.S. Securities Act and other applicable securities laws, and they may only be acquired and transferred in compliance with applicable exemptions and the agreement’s terms.\"},{\"question\":\"Who are the parties to the amended and restated agreement?\",\"answer\":\"The agreement is made among the general partner, the fund manager, and the initial limited partner (with additional limited partners admitted under the recitals and subsequent provisions).\"}]","ILPA Model Limited Partnership Agreement - October 2019 | DOCX",26]