Private Placement Memorandum
(Hedge Fund Limited Partnership Interests) (DE)

Summary

This private placement memorandum for the offering of limited partnership interests in a hedge fund formed in Delaware includes the major sections that legal counsel would be expected to draft initially: the outside and inside front cover, the summary of terms, risk factors, and regulatory disclosures. In addition, tax counsel would prepare substantive disclosures regarding the potential tax consequences of an investment. This template includes practical guidance and drafting notes. Additional sections to be prepared in collaboration with the hedge fund manager (such as the section on investment objective and strategy) are described in the practice note Hedge Fund and Its Offering: Drafting and Reviewing the Key Documentation. This private placement memorandum and its provisions are intended only as an example and, therefore, the provisions contained herein may not be appropriate for all hedge fund offerings and should only be relied upon as a general guide when drafting a private ...