CoachA side letter is an agreement between a fund (or its manager) and one investor that varies the fund’s terms for that investor: lower fees, more information, better liquidity, a capacity commitment. A most-favoured-nation clause is a promise that the investor will be offered any better terms given to another investor of the same or smaller size.
Quantitative Finance · Glossary
What is Side letter, most-favoured-nation clause?
Also known as: side letter · most-favoured-nation clause