How do we value the GP carry upfront and the unit of shares? I see footnotes of 950000 class A and 50000 Class V shares in the Share Agreement for the GP earlier shared for us to engage Venture Partners?
May 03, 2023
Please see the Venture Partner Agreement and the included footnotes on 409A. Class A shares are issued to managers and partners in the GP, and Class V are issued to investors in the GP. Venture Partners are traditionally issued Class A. The Shares are generally issued at the inception of the Fund for a nominal value per Share, though there can be many complicating factors to consider.