LPAC Governance vs Continuation Funds: Keeping GPs and LPs Aligned

This episode explores how Limited Partner Advisory Committees (LPACs) wield oversight over fund operations, especially as private‑equity firms increasingly use continuation vehicles to extend portfolio lifespans. We break down the checks on carry reset, fee structures, conflict‑of‑interest scenarios, and cross‑fund transactions, showing where LPAC authority can prevent misaligned incentives without stalling deal execution. By dissecting real governance frameworks, listeners gain a clear sense of how investors protect their interests while enabling GPs to pursue long‑term value creation. Learn more about your ad choices. Visit megaphone.fm/adchoices