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Application Question: We are transitioning next year to an LP GP model through a for-profit subsidiary...

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Nov 20, 2023
Would it be appropriate for the PACT section for me to list the current earmarked funding/donations that we have managed to get traction on in this period?
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Mike Suprovici
Accepted Answer
Nov 21, 2023
PACTs are designed to help managers secure hard circled commitments from Limited Partners. Donations can't be accepted into a VC fund and do not count as LP commitments. However, you can use the PACT upload feature in Hub to attach evidence that funds have been earmarked for investment by a limited partner.
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