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By Frank van KUIJK, Andy LI, Veronique SWAY Daryna IVANIUTA, Loyens Loeff
The typical legal form for a private fund is a limited partnership. This is unsurprising as private fund management originated in the United States, and this required a vehicle that supports their operating model, ultimately settling on the Delaware limited partnership. Since then, investors and sponsors all over the world have become familiar with limited partnerships.
For any jurisdiction seeking to attract private funds, offering a limited partnership that resembles the Delaware model is therefore essential. As the industry knows, Luxembourg achieved this through its special limited partnership (SCSp...
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