Explanatory NotesLimited Partnership Agreement • November 7th, 2002
Contract Type FiledNovember 7th, 2002For many years, private equity and venture capital funds have predominantly been formed as limited partnerships. The US venture capital industry led the way in using the limited partnership as a fund vehicle and it has, for more than a decade, been adopted almost universally for UK-based private equity and venture capital funds. (Alternative fund structures are referred to in the “Structuring venture capital funds” section of the BVCA Notes of Guidance).