Fund structure and roles

LPAC (LP Advisory Committee)

An LPAC (LP advisory committee) is a committee of selected LPs that reviews certain fund governance matters, particularly conflicts of interest. The fund documents set its membership, authority, and voting rules.

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Knowing the language helps you follow the conversation. Knowing what to ask is how you participate in it.

Understanding the terms is a first step. The Aligned Capital Program uses them to teach you how to evaluate a fund and prepare the questions to ask its manager.

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