Updated almost 7 years ago on . Most recent reply
Manager Managed LLC VS Syndication
Is a PPM required for a manager managed LLC? We're considering a deal too big to have all "active investors" but too small for a full syndication.
There would still be an equity split between the management team and the limited partners. Additionally the limited partners would receive a 7% pref.
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This would still require a securities exemption, and a PPM would be needed. Most syndications are manager managed LLC's.