The South Dakota Limited Partnership Agreement for Hedge Funds is a legal contract that outlines the terms and conditions of a limited partnership formed to operate a hedge fund in the state of South Dakota. This agreement governs the relationship between the general partner(s) and limited partner(s), and establishes the rights, obligations, and responsibilities of each party involved. Keywords: South Dakota, limited partnership agreement, hedge fund, legal contract, general partner, limited partner, rights, obligations, responsibilities. In South Dakota, there are different types of limited partnership agreements specifically designed for hedge funds. These types include: 1. Traditional South Dakota Limited Partnership Agreement for Hedge Funds: This agreement follows the traditional structure of a limited partnership, where the general partner(s) have unlimited liability and manage the operations of the hedge fund, while the limited partner(s) contribute capital and have limited liability. 2. South Dakota Master-Feeder Limited Partnership Agreement: This type of agreement is used when a hedge fund structure involves a master fund and feeder funds. The master fund is typically organized as a limited partnership and serves as the central investment vehicle, while the feeder funds pool capital from investors and invest in the master fund. 3. South Dakota Limited Liability Limited Partnership Agreement for Hedge Funds: This agreement combines the advantages of limited liability companies (LCS) and limited partnerships. The general partner(s) in this structure have limited liability, similar to members of an LLC, while the limited partner(s) still benefit from limited liability protection. 4. South Dakota Series Limited Partnership Agreement for Hedge Funds: This type of agreement is suitable for hedge funds that intend to create separate series or compartments to hold different assets or investment strategies. Each series within the limited partnership has its own rights, assets, liabilities, and investors. These various types of South Dakota Limited Partnership Agreement for Hedge Funds offer flexibility and cater to different investment strategies and structures within the hedge fund industry. It is crucial for hedge fund managers and investors to carefully consider the specific type of agreement that best fits their requirements and objectives before drafting and executing the agreement.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.