LPAC stands for Limited Partner Advisory Committee, a crucial governance body in private equity and investment funds. Comprising representatives from the fund's limited partners (LPs), the lpac meaning provides oversight, ensures alignment of interests between LPs and the general partner (GP), and reviews critical decisions such as fee structures, fund extensions, and conflicts of interest. For professionals in private equity, investment banking, or real estate, understanding LPAC dynamics is essential, as it influences fund operations and investor relations. At Private Equity Bro, we break down complex governance structures like LPAC to help you navigate careers in high finance with confidence.