Given current market conditions, it is no surprise that private equity fund managers have been thinking seriously about liquidity concerns affecting the ability of their limited partners to fund their commitments — an issue that less than a year ago was considered by most as only a theoretical possibility.  And, while the number of publicly reported significant defaults (or threatened defaults) by limited partners in major private equity funds has been limited to date, there is reason to believe that liquidity concerns will continue to challenge fund managers for at least the near future.  Please join us for a roundtable discussion that will include the following:

• What should you do if a limited partner does not fund (or indicates that it plans not to fund) its commitment?
• What additional considerations should be examined in exercising default remedies?
• What are the other implications of a default?