Model Limited Partnership Agreement (LPA) language for defence, dual-use investment

By providing a clear and practical baseline, Invest Europe aims to support more consistent and informed discussions between investors and fund managers, and remove unnecessary barriers to investment in areas of growing strategic importance for Europe.

This approach is consistent with the current EU legal and policy framework, which does not impose sector‑wide prohibitions on conventional defence activities and supports a case‑by‑case assessment of investments.

At the same time, Invest Europe recognises that investor policies and regulatory constraints vary. This guidance does not prevent further negotiations between LPs and GPs, including through governance provisions, side letters or other strategy‑specific arrangements, where appropriate.