Rewriting this to just say it could be simply to shift liability for your initial GP to the new one; not sure why you would choose this structure in that case b

Rewriting this to just say it could be simply to shift liability for your initial GP to the new one; not sure why you would choose this structure in that case but it's possible? It could also be that the initial GP had individual contractual or ethical obligations that were counter to the best interest of other investors so could not continue acting in control of the investment vehicle, that'd be a reason to change But no, no idea why you would plan to have an initial GP