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Fundraising

How Many LPs Have Signed a PACT or Hard-Circled for Your Fund's Target Size?

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May 03, 2023
Number of PACTs: How would you respond when a prospective LP asks how much of the fund's target size have you hard-circled so far or how many LPs have signed a PACT to date?
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Mike Suprovici
Accepted Answer
Jul 22, 2023
It really depends on where the GP is in the process. If they are early, they can tell LPs that they just started the process. If they are further along, the can mention hard/soft circled amounts. 
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