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Asked by

Community Member

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Venture Legal

Roles and limitations for LPs in portfolio companies

What roles in portfolio companies can LPs play, given their expertise or network? What are the considerations for these roles in order to avoid conflicts of interest?
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1

Answered by

Mike Suprovici

on

It's not uncommon for LPs to take advisory roles in some portfolio companies. In addition, many LPs are often offered direct investment opportunities in follow-on or pro-rata opportunities. 

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