Insights and updates

From emerging regulation to deal mechanics, we write about the questions founders and investors actually ask — practical analysis you can put to work.

Voting Agreement

A Voting Agreement is a contract among shareholders specifying how they will vote on specified matters—typically director elections and major corporate actions.

Lock-Up Agreement

A lock-up agreement is a contractual commitment by insiders—founders, executives, employees, pre-IPO investors—to refrain from selling their shares for a specified period following an IPO, typically 180 days.

Registration Rights

Registration rights are contractual rights granted to investors in private companies that require the company to register the investors’ shares for public sale once the company goes public—typically through an IPO.

Fund of Funds

A Fund of Funds (FoF) is an investment vehicle that allocates capital across multiple underlying funds (rather than directly into operating companies) — providing investors with diversified exposure across managers, vintages, geographies, and strategies in a single commitment.

Continuation Fund

A continuation fund (also called continuation vehicle, CV, or “GP-led secondary”) is a private equity structure where the GP transfers one or more portfolio assets from an existing fund into a new vehicle managed by the same GP.

Family Office

A family office is a private wealth management organization that serves ultra-high-net-worth (UHNW) families—typically those with $100M+ in investable assets.

Buyout Fund

A buyout fund (or “LBO fund” for Leveraged Buyout) is a private equity strategy that acquires majority or control stakes in mature, profitable companies—typically using significant debt financing alongside equity—with the goal of improving operations and exiting at a higher value.

Growth Equity

Growth equity is an investment strategy that provides capital to established, growing companies—typically profitable or near-profitable, with proven business models—seeking funds to accelerate growth, expand into new markets, or pursue M&A.

Capital Call

A capital call is the formal notice by which a venture-capital or private-equity fund’s General Partner requires Limited Partners to contribute committed capital — funding new investments, follow-on rounds, fund expenses, or management-fee obligations.

Limited Partnership Agreement (LPA)

A Limited Partnership Agreement (LPA) is the governing constitutional document of a venture-capital or private-equity fund — the contract among the General Partner (GP) and the Limited Partners (LPs) that defines fund economics, governance, investment scope, reporting obligations, and dissolution…