There are many instances where a Fund may desire to admit an LP with specific demands/requirements based on:
- Size of check;
- Reputation;
- Network;
- Source of funds (government, non-profit, etc.)
In such cases, yes - that LP may have certain rights that other LPs do not. This is commonplace, and is simply a reality of the venture capital industry in general.
*The disclosure requirements have also been rolled back circa EOY 2025.
*The disclosure requirements have also been rolled back circa EOY 2025.