AIX boot hangs with HMC 2700 LED code

We recently upgraded the firmare on our Power frame, which required shutting down some of our AIX LPAR’s. The firmware upgrade went well, as did starting up all the AIX LPAR’s, except for one. This particular LPAR booted to HMC LED code 2700 and hung there. I restarted the partition to the Open Firmware (OF) prompt, and tried booting again using verbose mode to see where the boot process was hanging.
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