Top answer:
Clawbacks would be very unusual - here are two examples of situations in which the Fund may need to claw back distributions to satisfy the Fund's obligations (but this is by no means all-inclusive):
• If proceeds have been over-distribut...
Clawbacks would be very unusual - here are two examples of situations in which the Fund may need to claw back distributions to satisfy the Fund's obligations (but this is by no means all-inclusive):
• If proceeds have been over-distributed, particularly in a fund with "deal by deal" distribution; or
• In lawsuits where the Fund must indemnify.
Please now refer to Cornerstone V3: https://govclab.com/2024/02/04/cornerstone-lpa-v3/
