Demystifying Valuation Clauses in LPAs for Emerging Managers
Equidam
JULY 23, 2025
Especially for early-stage startups, there are multiple methods one could use – cost basis, last round price, discounted cash flow, comparables, you name it. LPs in 2025 want to be “more operationally engaged” and have more visibility into fund execution, and valuation oversight is part of that bigger trend.
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