Program Details
2026-11-20 14:30:00
Over 1,000+ webinars
Course Overview
2026-11-20 14:30:00
2h CLE Credits
Intermediate
2
2:30 pm - 3:30 pm ESTThis session examines how first-time fund managers of sub-$250 million vehicles price and structure anchor investor economics without triggering an MFN cascade that spreads bespoke terms across the LP base. Attorneys will work through the full anchor negotiation menu — fee discounts, co-investment rights, carry splits, and management company equity — and learn how to choose between a founders’ class in the LPA and a confidential side letter. Attendees will leave with a practical decision framework for structuring anchor terms that preserve GP economics, satisfy institutional LP expectations, and survive Fund II without permanent givebacks.
Lindsay Karas Stencel 3:40 pm - 4:40 pm ESTThis session examines the practical legal and drafting consequences of ILPA’s May 2026 organizational expense guidance for attorneys forming sub-$250M first-time private equity funds. Attendees will learn how to structure the dual-cap provision, draft the 50/50 overage cost-sharing waterfall, and scope what falls inside versus outside the cap — including side letter negotiation costs. Attorneys leave with the tools to advise emerging managers on budget discipline, engagement letter strategy, and disclosure obligations under the new framework.
Lindsay Karas StencelLindsay Karas Stencel is a partner at Thompson Hine LLP and Chair of the Private Fund Formation subgroup. She advises investors, entrepreneurs, and fund managers on venture capital and startup matters, private fund formation, corporate finance, federal and state securities filings and compliance, including public and private securities offerings, and corporate organization and governance matters.
Lindsay Karas Stencel is a partner at Thompson Hine LLP and Chair of the Private Fund Formation subgroup. She advises investors, entrepreneurs, and fund managers on venture capital and startup matters, private fund formation, corporate finance, federal and state securities filings and compliance, including public and private securities offerings, and corporate organization and governance matters.
Requirements
The Alabama State Bar MCLE Commission requires attorneys to complete 12 credits, including 1 ethics, by December 31 of each year. All credits must be reported by February 15 of the following year. A maximum of 12 credits, including 1 ethics credit, may be carried over for 1 year only.
Formats
