Glossary · Equity & fund structure
LPA (Limited Partnership Agreement)
A fund's governing contract. Sets the economics, governance and rights between GP and LPs.
Why it matters
When something goes wrong, the LPA — not the PPM — controls.
Related
- PPM (Private Placement Memorandum)
A fund's offering document. Covers thesis, terms, risks and conflicts.
- LP (Limited Partner)
An investor that commits capital into a fund. Liability is limited to the commitment.
- GP (General Partner)
The manager running the fund and its strategy. Earns the management fee and carry.
Words are easy. A match is hard.
GPX turns one deal document into a ranked, briefed shortlist of the lenders and investors that actually fit — debt and equity.