In a limited partnership, can an entity be both an LP and a GP (assuming there are also other LPs)? Ie it would have both LP interests and GP interests

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Yes, it can be done. Every private fund I have worked on the investment manager LLC is both the GP and an LP.

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I can say with certainty that you wouldn't want this to be the case. Not sure if you could do it though.

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Just include in the LPA that the GP can be. It’s like in a fund the GP’s or it’s affiliate’s commitment

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