如题

问题如下：

Chen goes on to discuss a number of other fund provisions with Madan. He explains that the no-fault divorce clause, tag-along rights, and hurdle rate all represent benefits to the LP investors, whereas the co-investment provision and placement fees primarily benefit the GP. Is Chen most likely accurate regarding provisions that benefit LPs versus those that benefit GPs?

选项：

A.Yes

B.No, with regard to items that benefit the LPs

C.No, with regard to items that benefit the GPs

解释：

The co-investment provision is generally favorable for LP investors. With this provision, LPs generally have a first right of co-investing along with the GP. This can be advantageous for the LPs because fees and profit share are likely to be lower (or zero) on co-invested capital. The GP and affiliated parties are also typically restricted in their co-investments to prevent conflicts of interest with their LPs. Placement fees are paid to the fundraiser, either up front or as a trailer fee, corresponding to a fraction of the amount invested by the limited partners. A is incorrect. The co-investment provision is generally favorable for LP, not GP, investors. B is incorrect. The items Chen lists as benefits for LP investors are accurate.