LPAC Fund Term Extension Consent Template
Template — not legal advice. Who can extend a fund's term (the GP alone, the LPAC, or the limited partners), for how long, and on what fee terms is set by your LPA. Check your LPA and fund counsel before relying on any LPAC consent.
Fill this in
| Field | Entry |
|---|---|
| Fund / current term end date | |
| LPA section governing extensions | |
| Extension requested (length) | |
| Extensions already used | |
| Remaining positions and the GP's exit plan for each | |
| Management fee during the extension (proposed) | |
| Alternatives considered (liquidation, secondary, continuation vehicle) | |
| GP-affiliated members of the LPAC (recuse?) | |
| Threshold per LPA | |
| Consent: date, form, count |
Consent (fill brackets)
Consent of the Limited Partner Advisory Committee of [FUND NAME]
The undersigned members of the Advisory Committee, constituting [the required number/percentage under Section [] of the LPA], having reviewed the General Partner's request dated [DATE] and the materials listed in Annex A, consent to the extension of the term of the Fund from [CURRENT END DATE] to [NEW END DATE], [with the management fee during the extension of [TERMS]], for purposes of Section [] of the LPA only.
Checklist
- GP request explains why the portfolio needs more time, position by position.
- Alternatives (secondary, continuation vehicle, orderly wind-down) described.
- Fee treatment during the extension stated in the consent, not left implied.
- Members affiliated with the GP recorded as RECUSED on the decision.
- GP materials attached as evidence.
- Revisit date set before the new term end (an outcome monitor works).
See it in Prepared Board
There is no seeded LPAC board. On Northlight Robotics, decisions carry motions, vote outcomes, disclosed conflicts, attached materials, and revisit dates in one record. Sign in as a sample board (see /sample-decision) (password on /facts) or open /pack/demo-pack-northlight-q4.
Related: LPAC governance · Written consent resolution.
Product claims stay within /facts and /agent-facts.json.