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3

Am I correct in saying that the LPs would contribute all their committed capital during the Investment period (3-4 years) through the multiple capital calls till then? And while the fund will collect all the committed capital by then, it will only release management fee to the GP/ManCo based on the trickle schedule till the 10th year. If this is not correct, then would we be making any capital calls to only serve management fee/organization expenses later in the post-Investment period too?

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4
Not necessarily. While LPs will contribute their commitment through multiple capital calls, they do not need to contribute all of their committed capital during the Investment Period. It would be correct to make capital calls for management fees and fund expenses in the post-investment period.

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