{"id":1184,"date":"2026-01-14T08:14:28","date_gmt":"2026-01-14T08:14:28","guid":{"rendered":"https:\/\/iqeq.com\/ie\/?p=1184"},"modified":"2026-01-14T08:51:59","modified_gmt":"2026-01-14T08:51:59","slug":"the-fund-managers-guide-to-side-letters","status":"publish","type":"post","link":"https:\/\/iqeq.com\/ie\/insights\/the-fund-managers-guide-to-side-letters\/","title":{"rendered":"The fund manager\u2019s guide to side letters"},"content":{"rendered":"
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By Justin Partington, Global Head of Fund and Asset Managers<\/em><\/p>\n

Side letters have long been a significant element of fund formation processes. But as LPs have grown more sophisticated and fund structures more complex, the use of side letters has expanded as more investors seek to secure tailored terms \u2013 bringing significant operational challenges for fund managers.<\/strong><\/p>\n

While side letter agreements can be a necessity for some LPs and a useful tool for GPs when negotiating new LP commitments during fundraising, they need to be monitored carefully. Without careful planning, side letters can easily reach hundreds of pages, complicate compliance obligations and negatively impact both fund operations and investor relations.<\/p>\n <\/div>\n<\/section>\n\n

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In our new whitepaper, jointly prepared with leading law firm Kirkland & Ellis<\/a>, we aim to provide fund managers with clear and practical guidance on:<\/p>\n