LP Transfers

Lawyer-led LP transfers
at a fixed price

A dedicated Ontra Law* lawyer coordinates each transfer and
delivers a closed, fully documented assignment of interest

Talk to Us
TRUSTED BY LEADING FIRMS
Benefits

Take LP transfers off your plate

One accountable owner

An Ontra Law lawyer owns coordination and execution through closing

A seamless experience

Give buying and selling investors an efficient and transparent process

Control costs

Replace hourly legal bills with fixed, predictable pricing

Standardize every transfer

Apply your firm’s preferences consistently to every transfer

Features

Entrust LP transfers to an experienced team

A dedicated lawyer from Ontra Law LLP, an independent law firm, works from a playbook tailored to your preferences and uses purpose-built AI to move each transfer from intake to close.

Dedicated lawyer

An Ontra Law lawyer acts as an extension of your team, working alongside your fund counsel and advisers

  • Outsource coordination, transfer agreement negotiation, KYC, and other legal and compliance tasks
  • Submit transfer requests by email and receive confirmation of intake and regular status updates through closing
  • Only receive escalations for decisions that need your judgment

Custom playbook

Define how your firm handles transfers up front, so every transfer runs consistently with minimal escalations

  • Set preferred, fallback, and final positions for transfer agreement negotiation
  • Identify every party your lawyer coordinates with, from fund counsel to your fund administrator

Purpose-built AI

Your Ontra Law lawyer leverages agents in all aspects of the transfer process, reviewing the output and applying judgment to drive consistent results

  • Agents speed up intake and analysis of your LPA and side letters for each transfer request
  • Agents generate draft responses to transfer forms for your lawyer to review and finalize
  • Agents track status and outstanding documents across every party through closing

Getting started is easy

Intake

Submit the transfer request by email, and your Ontra Law lawyer starts coordinating with all stakeholders

Coordination & execution

Your dedicated lawyer coordinates every party, negotiates the transfer agreement, completes KYC on the buyer, and more, all according to your playbook

Closing

Your Ontra Law lawyer collects signature pages and sends the final packet to each party, including your fund administrator

LP Transfers FAQs

  • An LP transfer is the sale, assignment, or other transfer of a limited partner’s fund interest in a private fund to a new holder, whether a third-party or related entity. Transfers generally require the GP’s consent and a series of tasks, including investor onboarding, KYC/AML checks, review and execution of transfer documents, and updates to investor records.

    Fund managers regularly receive LP transfer requests, which fall into two categories. Secondary sales involve LPs selling their interest to a third party for liquidity or portfolio rebalancing. Affiliate transfers move interests to related entities or individuals, often for estate planning or restructurings. Since each transfer involves compliance, tax, legal, and fund operations teams, coordination is often the hardest part.

  • Handling transfers in-house or through outside counsel often means slow turnarounds, unpredictable costs, and internal teams taking time away from core responsibilities. Outsourcing LP transfers lets you deliver a faster, more transparent process at a predictable price, without pulling internal teams away from high-value work. With a dedicated transfer partner, you can offer investors a process that runs on time, at a fixed price they know up front.

  • Your Ontra Law lawyer coordinates the transfer with all relevant parties, including your fund or tax counsel and fund admin, and works with them to complete the process at a fixed cost. Ontra owns coordination with stakeholders, required notices, ROFR processes, negotiation of the transfer agreement, KYC checks, and signatures. Your Ontra Law lawyer will work with your team to understand if and when it’s necessary to involve your fund counsel and fund admin.

  • Ontra charges an upfront fixed fee for each transfer rather than billing by the hour. You know the cost before the work begins, and it doesn't change during the transfer.

    AI makes that pricing possible. Ontra Law lawyers use purpose-built AI to streamline administrative work from intake to close, including fund document analysis, response drafting, and closing tasks. A dedicated lawyer reviews the agents’ output and applies their judgment to drive consistent results.

  • Yes. Ontra can conduct KYC checks on the incoming investor as part of its LP transfer services. If you’d rather handle KYC with another stakeholder, Ontra can proceed with the transfer without KYC. Ontra also offers KYC as a standalone service when you’re responding to inbound requests or screening counterparties. Ultimately, you choose how much of the LP transfer process Ontra manages.

Take LP transfers off your plate

Talk to Us