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Updated over 5 years ago,
Syndications as LP: Do you have someone look over the PPM?
Been looking into doing some passive investing as an LP. (Meet all the qualifications and have some familiarity with PPMs.)
My question to anyone who has successfully invested (and returned capital) as a limited partner: Do you have someone look over the PPM on deals you plan on investing in?
I've heard it really comes down to trusting the operator and opportunity, and then just keeping an eye out in the PPM for anything abnormal.
Thoughts? Help? Anything is appreciated!