HOUSE_OVERSIGHT_024463.jpg
Extraction Summary
1
People
4
Organizations
0
Locations
2
Events
2
Relationships
4
Quotes
Document Information
Type:
Legal/financial document (private placement memorandum excerpt)
File Size:
Summary
This document is page 30 of a Private Placement Memorandum or Limited Partnership Agreement for an entity identified as 'KUE'. It outlines the financial distribution waterfall structure (prioritizing return of capital and an 8% preferred return), the authority of the General Partner, and governance rules involving an 'Independent Committee' regarding the issuance of Profits Participation LP Units. The document bears a House Oversight Committee stamp, indicating it is part of a congressional investigation.
People (1)
| Name | Role | Context |
|---|---|---|
| Principals | Management/Beneficiaries |
Excluded from certain designations by KULG; referenced regarding Profits Participation Units.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KULG |
Designates subsidiaries and joint ventures.
|
|
| KUE |
The entity raising capital, issuing units, and subject to the economic arrangement described.
|
|
| Independent Committee |
Must vote on increases in Profits Participation LP Units after a specific sales threshold.
|
|
| House Oversight Committee |
Source of the document (Footer: HOUSE_OVERSIGHT_024463).
|
Relationships (2)
subsidiaries and joint ventures as designated by KULG other than the Principals and their affiliates
General Partner
→
Fiduciary/Financial
→
Common Limited Partners
Distributions... to the Common Limited Partners and the General Partner in proportion
Key Quotes (4)
"Any increase in the number of Profits Participation LP Units following the sale of the first $1.5 billion of Common LP Units to Investors requires a majority vote of the Independent Committee."Source
HOUSE_OVERSIGHT_024463.jpg
Quote #1
"KUE will not have any preferred limited partner units outstanding upon completion of this offering but KUE may issue limited partner units with preferences over the Common LP Units in the future..."Source
HOUSE_OVERSIGHT_024463.jpg
Quote #2
"Distributions may be made in cash or in kind."Source
HOUSE_OVERSIGHT_024463.jpg
Quote #3
"The Limited Partnership Agreement gives the General Partner the authority to override the distribution provisions... in order to achieve the desired economic arrangement of KUE"Source
HOUSE_OVERSIGHT_024463.jpg
Quote #4
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document