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If a fund has 2 GPs do they have to jointly contribute 1% of the fund or individually?

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Community Member
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May 03, 2023
If a fund has 2 GPs do they have to jointly contribute 1% of the fund or individually?
2 answers
Community Member
Accepted Answer
May 03, 2023
The General Partners jointly contribute 1%, splitting portions of the 1% between them according to an agreement. This agreement is usually based on the ownership of the General Partnership. Technically, the General Partnership is an entity, and General Partners are owners of the entity.
Community Member
Apr 28, 2024
What if one GP contributes the entire GP commitment?

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