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Message: <blockquote data-quote="Jaysen" data-source="post: 7885" data-attributes="member: 1">I agree with you entirely, I can't see why you'd choose an LP over a PFLP if you were setting up a new fund. I can only see it being a slight burden if you were changing over from an LP, but that is not the case here.One thing I'd flag up is your reference to the whitelist - I don't believe it's so much a case of guaranteeing LPs powers, it's more the fact that they won't be treated as GPs if they undertake those activities and thereby lose their limited liability.</blockquote>

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