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Partners could be general partners or managing partners.
Some general partners acknowledge the tension with limited partners.
Unsurprisingly, the general partners have appointed themselves as Lagardère's gérants.
Additionally, management fees charged by general partners are typically based on the volume of capital commitments.
"The general partners are taking an exploding percentage of the profits," he said.
But general partners say they have no legal obligation to release limited partners from their commitments.
Similar(24)
And he was a managing general partner.
TED H. MCCOURTNEY General Partner, Venrock Associates.
Brad Freeman is a General Partner of Freeman Spogli & Co.
The owner and general partner in all four is Richard Rosenthal.
See also: General partner.
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