Glossary · structure
Limited Partnership (LP)
Also known as: LP, LPS
- Definition
- A Limited Partnership is a legal structure with one or more General Partners (GPs) running the business and Limited Partners (LPs) providing capital with liability limited to their investment. Standard vehicle for private equity, venture capital, and hedge funds.
Singapore Limited Partnerships are governed by the Limited Partnerships Act 2008. The GP runs the fund and bears unlimited liability; LPs are passive capital providers with liability capped at their committed capital. Singapore LPs are commonly used for fund-management vehicles managed by RFMC / FMC licensed managers. The VCC framework introduced in 2020 offers an alternative corporate structure with similar functionality plus umbrella sub-fund capability.
Source: Limited Partnerships Act 2008
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