What happens to uninvested capital at the end of the quarter?

If a fund does not deploy all of its capital in one quarter, the balance will generally be rolled automatically into the next quarter’s fund as additional capital contributions from the participating LPs. The rolled-over capital is not double-charged management or platform fees.

If an LP cancels their subscription, we return any uninvested capital back to the LP.

Example:

  • LP puts in $25K/qtr for four quarters
  • LP doesn’t continue their subscription from Q5 on
  • GP only invested $50K (inclusive of fees and expenses) of the $100K from that LP
  • The LP’s uninvested $50K would be returned 
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