PPM vs. Operating Agreement: The Inconsistency That Kills Sophisticated LP Deals

Your PPM and operating agreement were probably drafted at different times. They may not agree. When a sophisticated investor's attorney reviews both documents side by side, inconsistencies surface immediately. Kim Lisa Taylor walks through the three mismatches that come up most often. 0:00 The scenario 0:41 What the PPM and OA each do — and why they have to agree 2:02 #1: Waterfall mismatch 3:18 #2: Fee structure gap 4:10 #3: Manager authority thresholds 4:48 Why this happens even with a good attorney 5:21 What a sophisticated investor's attorney actually does 6:05 How to fix it before the next raise Schedule a consultation and we'll tell you how we can help: syndicationattorneys.com/schedule?utm_source=youtube&utm_medium=ariz&utm_campaign=v9 This content provides general information on federal securities law and is directed to non-Florida residents or companies. It is not intended as advertising or solicitation of legal services for Florida residents or Florida law matters.