Document background
This Limited Partnership Agreement Private Equity is a fundamental document used in Pakistan for establishing and operating private equity funds. It is required when investors wish to pool capital for making private equity investments while maintaining limited liability for passive investors (Limited Partners) and designated management responsibility for the fund manager (General Partner). The agreement must comply with Pakistani legal requirements, particularly the Partnership Act 1932 and SECP regulations, while incorporating international private equity standards. It's typically used when raising a new private equity fund, establishing investment vehicles for specific projects, or creating sector-focused investment partnerships. The document covers crucial aspects including capital commitments, investment strategy, profit sharing, management fees, carried interest calculations, and exit provisions. It's particularly important in the Pakistani context where private equity is growing and requires clear legal frameworks for both domestic and international investors.
