4 ms·
If the LPs don’t meet the capital calls, they’re in breach of their investor agreement, and the penalties are generally quite harsh, including potentially forfe
by ericd 4y ago
If the LPs don’t meet the capital calls, they’re in breach of their investor agreement, and the penalties are generally quite harsh, including potentially forfeiting a lot of the value they currently have in the fund.
- jacquesm 4y agoExactly. You either have the capital ready to roll or you should not engage in any such commitment.