Do LPs get exposure to the deals at the start of the fund?

Subscribing LPs only get exposure to deals in the quarters they’re subscribed to. For example, if an LP joins the fund in Q5 and remains subscribed for the next three quarters, then they would only get exposure to the investments made in Q5, Q6, Q7, and Q8.

Was this article helpful?
8 out of 9 found this helpful