Yes, often there are.

- Many LPAs either:
- expressly establish an **LP Advisory Committee (LPAC)**, or
- authorize the GP/manager to form one later
- The LPA usually covers:
- purpose and scope
- appointment / removal of members
- voting mechanics
- conflicts review and consent rights
- whether the LPAC is advisory only or has approval rights on specific matters

It is more common to see an **LPAC** than a broad “LP committee.” Exact rights depend entirely on the LPA language.

Relevant references:
- https://decilehub.com/base/1-general_questions/163814-which-lpa-provisions-are-most-important-for-protecting-a-first-time-gp-while-remaining-acceptable-to-institutional-lps
- https://decilehub.com/base/1-general_questions/163623-when-lps-are-reviewing-an-lpa-what-are-the-terms-they-tend-to-pay-the-most-attention-to-or-negotiate-the-hardest