What happens if an LP cancels their subscription?

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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