Kutak Rock partners Ken Witt and Marc Lieberman recently authored an article, “PE Investors Should Reject Life Tenure For General Partners,” for Law360. The article examines the new Institutional Limited Partners Association’s (ILPA) position on the tenure of general partners entrusted by institutional investors in private equity and venture capital funds. 

Mr. Witt and Mr. Lieberman provide several suggestions for removal provisions in private equity and venture capital limited partnership agreements.  The article focuses on the standard for determining when cause for removal is triggered, as opposed to what actions by the general partner constitute cause for its removal. 

Read the Law 360 article here.

An experienced corporate and securities attorney, Mr. Witt represents institutional clients, as well as energy and technology companies in institutional investments, public securities work, mergers and acquisitions and financing transactions.

As Chair of the Firm’s Institutional Investments Group, Mr. Lieberman’s practice focuses on the representation of institutional investors in connection with their alternative investments.