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Venture Deals

Can We Double Down on a Company Investment Through Fund II if Already Invested in Fund I?

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Community Member
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May 03, 2023
Can we invest in a company through Fund II if we already invested in it through Fund I and want to double down?
1 answer
Accepted Answer
May 03, 2023
You should offer the LPs in Fund 1 the opportunity to invest first. You will also need LPAC approval if Fund 1 has reserves. 
But that becomes a direct investment for the LP, and it won't include a management fee or carry right?
Community Member
Aug 05, 2023 10:34pm
You can offer this opportunity via SPVs and it's common to charge carry in that scenario. 
Aug 06, 2023 2:38am
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