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Jeff Greenberg on Syndication Structure: General Partners & Limited Partners

Name: Jeff Greenberg on Syndication Structure: General Partners & Limited Partners
Uploaded: 2023-11-01T22:37:40+00:00
Duration: 49 s
Channel: Ginny Bolling
Description: Short excerpt from a YouTube video (Jeff Greenberg on syndication structure) explaining that the PPM (private placement memorandum) comprises multiple…

1 Nov 2023 · 1 min

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Short excerpt from a YouTube video (Jeff Greenberg on syndication structure) explaining that the PPM (private placement memorandum) comprises multiple documents including the operating agreement, and emphasizing that LPs are passive investors with limited rights and limited liability, while GPs make decisions and hold the liabilities. The clip advises investors to read legal documents to understand their rights.

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The PPM is a group of documents, and one of the documents is the operating agreement, which is that legal document. So those are all within what's considered the ppm. And it's very important to read the legal document to realize what your legal rights are. As a passive investor, you're coming in as an lp, which is a limited partner. You're not on the GP side coming in as a limited partner, but you still have some rights. They are limited, and those are. That's for a reason. That way you also have a limited liability because you're not making those decisions. The gps are the ones that are making the decisions, and so they end up with the liabilities. So you're limited liability on the LP side. But it's important to know what your rights are.