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GPLLC

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HOUSE_OVERSIGHT_024065.jpg

This is page 54 of a confidential legal document (likely a partnership agreement) produced for the House Oversight Committee. It outlines restrictions on the General Partner creating a 'Successor Fund' without Advisory Board consent until 70% of the current fund is committed. It also details 'Exculpation and Indemnification' clauses, protecting the General Partner, GPLLC, Principals, and Advisory Board members from liability for losses, provided they acted in good faith and did not commit gross negligence or felonies.

Legal agreement / private placement memorandum (page 54)
2025-11-19
Analysis Source

HOUSE_OVERSIGHT_024063.jpg

This document appears to be page 52 of a confidential partnership agreement or offering memorandum, marked with a House Oversight control number. It outlines governance mechanisms for an investment fund, including liability insurance coverage, the recall of distributions, 'Key Person' clauses triggered by the loss of Principals, and voting thresholds for Limited Partners to terminate the investment period or remove the General Partner. The text defines specific percentages (85%, 66 2/3%) required for investor actions against the fund management.

Legal document (partnership agreement or offering memorandum)
2025-11-19
Analysis Source
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