Am I raising for my current quarter or the next quarter? How do closes work?

Fund managers can continue to close capital into their current quarterly fund until the end of the second month of that quarter. Any Limited Partners who subscribe in the last month of a quarter will be subscribed to the next quarterly fund. 

An initial close is automatically held on the first day of each calendar quarter (January 1st, April 1st, July 1st, and October 1st). For funds launching mid-quarter, fund managers can specify the first day that they wish to close capital. Fund managers can contact their Venture Capital Associate when they wish to formally close additional contributed capital into their fund.

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