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Asked by

Community Member

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General VC Questions

Can the early LPs pull out in certain circumstances where the funds cannot hit their target?

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Answered by

Adeo Ressi

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The rules regarding limited partners are defined in the Limited Partner Agreement. Generally, limited partners are unable to withdraw without significant penalties, including forfeiting a portion or all of previously invested capital. Limited partners are sometimes allowed to see their positions in secondary transactions with the consent of the general partner.

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