FUN/D / Glossary / Limited partner — glossary
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Glossary

Limited partner (LP)

An investor in a private fund organised as a limited partnership, whose liability is limited to its commitment and who does not manage the fund.

In practice

LPs range from pensions and endowments to family offices and individuals; each has its own reporting, tax and regulatory needs.

In FUN/D

Each LP is one investor record in FUN/D across every fund and vehicle it holds.

Related: General partner · Capital account · Capital commitment · full glossary

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