easy · Private Equity PE Fundamentals & Core
A GP manages a fund where 30% of the LPs are US pension plans subject to ERISA. If the fund's 'plan assets' exceed 25% of the total equity, the GP must comply with strict fiduciary duties.
To avoid this, the GP ensures the fund qualifies as a:
- Cayman Island Feeder
- Delaware Statutory Trust
- Venture Capital Operating Company (VCOC)
- Blocker Corporation
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