Glossary
LP default
An LP's failure to fund a capital call by the due date, triggering remedies set out in the LPA such as interest, forced sale of its interest or forfeiture of part of its capital account.
In practice
Defaults are rare but consequential; GPs must document notices, cure periods and remedies precisely.
In FUN/D
FUN/D tracks missed deadlines, default interest and remedy steps on the investor record.
Related: Capital call · LPA · Capital commitment · full glossary
See how FUN/D handles this on your fund.
Name and work email — we'll show the calculation on a structure like yours.
Talk to us
Name and work email. We reply within one business day, from a person.
Sent.
Someone from FUN/D will email you within one business day. If it's urgent, call +1-212-658-0862.