IMN's 13th Annual Real Estate Opportunity & Private Fund Investing Forum
05.30.2012
Determining when the first close is
How much time has it been taking to reach the first close?
What are the terms?
What concessions are first movers getting? What are some of the negotiation points involving advisory rights, material decision & property disposal/acquisition input, priority equity drawdown, GP & Carried interest shares, opt-in/opt-out rights, approval of subsequent investors, seats on the GP board
Early equity lock-ins
How do investors approach funds that have first closes vs. not
