This report shows public data only. Is this your organisation? If so, login here to view your full report.
You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes
Best practice guidelines on legal terms and conditions
During the legal due diligence process significant deviations from market standards were identified by the Akina team. Despite the attractiveness of the investment opportunity the Akina team decided to put the investment process on hold until an agreement with the manager was found to incorporate best practice legal terms and conditions which were in line with the Akina requirements.
Changed legal terms in a way acceptable by Akina and continued the investment process followed by a closing of the investment.
In order to secure the the team viability of a small fund the GP had to restructure the partnership and transfer the assets into a new structure where new investors participated at different terms than the initial LP's. The arised conflict of interest required a approval by the Advisory Board of the fund.
Akina managed vehicles execrcied their right to vote as an Advisory Board member.