No, all LPs who opt into capital calls must follow the same schedule. However, GPs can set a minimum investment threshold to determine which LPs qualify for capital calls versus those who must fund their entire commitment upfront. This ensures that fund management remains efficient while offering flexibility to larger investors.
GPs typically set a threshold (e.g. $100K) so that LPs investing at or above this amount can participate in capital calls. Those investing below the threshold must contribute their full commitment at the time of closing. This structure helps streamline operations by securing smaller checks upfront rather than chasing them over time.
Once an LP qualifies for capital calls, they must adhere to the same schedule as all other qualifying LPs. This consistency is critical for fund management because it ensures predictable cash flow, simplifies administrative processes, and prevents liquidity mismatches.