Extract to table

In a lower-return environment, the 8% preferred-return hurdle becomes more protective for Ironside, as a greater proportion of total returns must accrue to the limited partner before the GP participates in carry

Specifically, we recommend negotiating a "reactivation outside date" — a date certain by which the transaction must have closed (or, at a minimum, by which specified reactivation milestones must have been achieved)

Reactivation Considerations Several issues must be addressed in connection with the R&W insurance policy if the transaction is reactivated: Underwriting Update