Best practice is to treat this as a fund counsel / LPA governance issue, not an informal side process.
- If the existing promoter agreement cannot be edited by individual partners, ask Decile Legal / your fund counsel to provide:
- a standard conflict disclosure form
- an LPAC consent template
- an annual conflict update notice
- Practical process:
- disclose known conflicts before the fund invests
- send the disclosure to all affected LPs or the LPAC if your docs permit
- update disclosures when new conflicts arise
- include a brief annual reminder/update in LP reporting
- LPAC:
- usually documented via fund docs or a short consent/appointment letter, but counsel should confirm.
- For storing disclosures, a standard Decile Hub data room can be shared securely with custom permissions:
https://decilehub.com/base/8-hub_support/20425-seeking-secure-method-to-share-data-room-docs-with-lps-on-decile-hub
I canβt confirm Decile-specific legal templates from the posts provided.
- If the existing promoter agreement cannot be edited by individual partners, ask Decile Legal / your fund counsel to provide:
- a standard conflict disclosure form
- an LPAC consent template
- an annual conflict update notice
- Practical process:
- disclose known conflicts before the fund invests
- send the disclosure to all affected LPs or the LPAC if your docs permit
- update disclosures when new conflicts arise
- include a brief annual reminder/update in LP reporting
- LPAC:
- usually documented via fund docs or a short consent/appointment letter, but counsel should confirm.
- For storing disclosures, a standard Decile Hub data room can be shared securely with custom permissions:
https://decilehub.com/base/8-hub_support/20425-seeking-secure-method-to-share-data-room-docs-with-lps-on-decile-hub
I canβt confirm Decile-specific legal templates from the posts provided.