Limited Partner Advisory Committees: Mitigating Manager Conflicts

Peter Mixon wrote an article on Limited Partner Advisory Committees: Mitigating Manager Conflicts that was published in the Spring 2018 issue of PERSist, a quarterly publication of the National Conference on Public Employee Retirement Systems (NCPERS). In the article, he takes a look at how Limited Partner Advisory Committees can be designed by limited partnerships to help govern their funds and mitigate the risks of agency conflicts in the process. He explains that by reviewing conflicted fund transactions and approving valuation methods, these LP Advisory Committees can improve the fairness of these transactions and bring more transparency to the management of their funds.  He also provides areas to address when drafting related fund documents.