Boston Partner Heather Stone Provides Insight on Key Person Clauses in Private Equity International

Heather Stone, a Partner based in the Boston office and Co-Chair of Locke Lord’s Investment Adviser & Alternative Funds group, was quoted in an article discussing investor focus on key person provisions as one of the most important sections in a limited partnership agreement. Stone noted: "For the LP clients that we represent, it is near the top of their diligence and terms lists for funds that they are considering investing with. It is the starting point for the LP's diligence on team, incentives, track record and succession planning."