Capital Call Terms: What Every First-Time LP Must Check
Capital call mechanics are the clause cluster in a limited partnership agreement (LPA) most first-time limited partners (LPs) skim and most later regret. Read the commitment period, drawdown notice, a
How to Read a Private Fund Subscription Agreement Before You Sign
A subscription agreement is the contract you sign to buy into a private fund, and it is the document that actually creates your legal exposure as an investor, not the flashier limited partnership agre
Equalization Payments in Private Equity: What You Owe When You Join a Fund Late
An equalization payment is the catch-up contribution a new limited partner (LP) makes when joining a private equity fund after its first closing, plus an interest charge that compensates the fund's or
What Happens When a Limited Partner Defaults on a Capital Call
TL;DR: When a limited partner misses a capital call, the general partner doesn't wait around. Most fund agreements give you a written cure period of roughly 5 business days after notice before you're