3 ms·
1. Why do you assume he wouldn't receive carry? Carry is standard so the presumption should be that he receives carry unless otherwise clarified. 2. GP commitm
by morgante 2y ago
1. Why do you assume he wouldn't receive carry? Carry is standard so the presumption should be that he receives carry unless otherwise clarified.
2. GP commitments are also common. LPs want GPs to have "skin in the game" and I think it's absolutely reasonable to claim the GP "owns" the fund (just not as a sole owner).