Generally speaking, traditional lenders (e.g. banks and large financial institutions) have tended to use side letters to reflect specific internal policy points, whereas private credit funds have – in ...

Estate planning often involves a balancing act: providing support to beneficiaries without enabling dependency, establishing firm rules while preserving flexibility, and expressing intent without ...

The private markets fund industries have seen a significant proliferation in both the volume and complexity of side letters over the course of the last decade. Given the long-term nature of investing ...

Side letters have gone through a massive and largely unspoken transition over the last four to five years. From a position where a few investors in a closing might have quite short side letters ...