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What happens if you give each LP different investment terms?

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May 03, 2023
What happens if you give each LP different investment terms?
1 answer
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Mike Suprovici
Accepted Answer
Jul 22, 2023
All LPs should have the same terms, especially in Fund 1. Otherwise, you're introducing a major legal, operations and reporting burden while creating un-necessary fundraising risk due to the necessary disclosures to the other LPs.
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