Can we say "up to x%" or will we be required to recycle the exact percentage we choose to commit?
May 03, 2023
“Recycled Amount” shall mean the product derived from multiplying a Limited Partner’s Capital Commitment by the following percentage of such Limited Partner’s Capital Commitment, such that additional investments may be made by the Fund: [0%] [10%] [20%] By definition, it is "up to" the percentage of the recycling. Funds almost never call the total amount of capital of the fund.