Overcall limitations (“Overcall Limitations”), in their most simple form, limit the ability of a private equity fund (each, a “Fund”) to overcall capital (each, and “Overcall”) from its limited partners (each, an “Investor”) to make up for shortfalls created by other Investors’ failure to fund an original capital call (“Capital Call”) as a result of a default or excuse. Read the complete article here.
Become a Member
Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.