Lakeshore Opportunity Fund II LP - Limited Partnership Agreement.pdf

Limited Partnership Agreement · filed April 3, 2018 · 102 pages · deal: Lakeshore II
Page 1
Parties

Lakeshore Opportunity GP II LLC, an affiliate of Lakeshore Capital Partners

Read for: Lead Investor / Sponsor
Page 9
Article II - Closings

2.3 The Final Closing occurred in Apr 2018; aggregate Commitments at that Closing totalled $380M

Read for: Round / Stage
Page 17
Article III - Capital contributions

3.2 The General Partner shall make a Capital Commitment equal to 1% of total Commitments

Read for: GP Ownership
Page 41
Article VIII - Distributions

8.1(b) to the Partners until they have received a preferred return of 8% per annum, compounded annually

Read for: Preferred Return

8.1(a)-(d): 8% pref, 100% GP catch-up, then 80/20; deal-by-deal waterfall with clawback

Read for: Pref / Split Note
Page 42
Article VIII - Distributions

8.1(d) thereafter, 80% to the Limited Partners and 20% to the General Partner

Read for: LP / GP Split
Page 58
Article XII - Reports and meetings

12.4 The General Partner shall hold an annual meeting of the Limited Partners

Read for: Board / Observer Rights
Page 94
Schedule A

Schedule A lists 41 Limited Partners; Lakeshore Opportunity GP II LLC is the General Partner

Read for: Partners
On file

Nothing is read from this document for the fields below: having it on file is the answer.

Answers: OA

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