Franklin Ohio Certificate of Limited Partnership of New Private Equity Fund is a legally binding document that establishes a limited partnership structure for a private equity fund based in Franklin, Ohio. This certificate outlines the terms, rights, and obligations of the partners involved in the fund. Key characteristics of the Franklin Ohio Certificate of Limited Partnership of New Private Equity Fund include: 1. Limited Partnership: The certificate establishes a limited partnership structure where two types of partners exist — GeneraPartnerGPGGSPSPs) and Limited Partners (LPs). GP's have management control and unlimited liability, while LPs contribute capital but have limited liability. 2. Capital Contributions: The certificate specifies the initial capital contributions made by the partners, as well as any subsequent contributions. 3. Profit and Loss Allocation: The document outlines how profits and losses are allocated among the partners. This could be based on the capital contribution ratio or through a different agreed-upon method. 4. Management and Decision-making: It defines the roles and responsibilities of the GP's in managing the fund's operations and making investment decisions. 5. Transfer of Interest: The certificate states the conditions and restrictions for transferring partnership interests, ensuring proper approval and adherence to regulations. 6. Dissolution and Liquidation: It lays out the procedures for the dissolution and liquidation of the partnership, including the distribution of assets among partners. Additional types or variations of the Franklin Ohio Certificate of Limited Partnership of New Private Equity Fund may include: 1. Franklin Ohio Certificate of Limited Partnership — Real Estate Private Equity Fund: This variation specifies that the private equity fund will focus solely on investments in the real estate sector. 2. Franklin Ohio Certificate of Limited Partnership — Venture Capital Fund: This type of certificate tailors the partnership structure and terms to suit the specific characteristics of a venture capital fund, focusing on early-stage investments in startups and high-growth companies. 3. Franklin Ohio Certificate of Limited Partnership — Buyout Fund: This variation caters to private equity funds specializing in acquiring controlling stakes in existing companies, often with the aim of restructuring and eventually selling them for a profit. Within the context of private equity funds, the Franklin Ohio Certificate of Limited Partnership ensures that the partnership's dealings are conducted in compliance with applicable laws and that the rights and responsibilities of all partners are clearly defined. It serves as a crucial legal document governing the operations and management of the fund.