{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Syndication Attorney Field Notes with Tilden Moschetti","title":"What Is a Limited Partnership Agreement in a Private Fund?","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/77f02047\"></iframe>","width":"100%","height":180,"duration":355,"description":"In this short field note, syndication attorney Tilden Moschetti explains the role of a Limited Partnership Agreement (LPA) in a Regulation D private fund. The episode clarifies how the LPA acts as the binding operating contract—governing capital calls, GP authority, and the distribution waterfall—distinct from the PPM.","thumbnail_url":"https://img.transistorcdn.com/4GDkvEMGIP5jHur2FOln64rYlmdpKCUql9NuWbS0aH8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jMTY1/Nzc5M2I2NTYzMDYw/MWI5MDRkNzM5NDdm/MjRjMC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}