If an LP has not yet submitted their commitment to your SPV, you have the option to follow up through your account management team. They can assist in sending a funding reminder to the LP or, if necessary, proceed with canceling the commitment. This ensures that all investors remain on track with the funding timeline and that the SPV can proceed smoothly without outstanding, unfulfilled commitments.
In most cases, unfulfilled commitments must be canceled before the SPV can complete its investments. This is a necessary step to maintain compliance with fund management requirements and ensure that only confirmed capital is considered in the investment process. Once a commitment is canceled, the LP will receive an email notification informing them of the cancellation. If an LP wishes to reinstate their commitment after cancellation, they may need to go through the investment process again, subject to availability and GP discretion.