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Does the SPV count as a single LP or do individual investors contribute to the 99 (or 250) LP limit?

2) Do the individual investors within the SPV count toward the 99 (or 250) total LPs allowed? Or does the SPV count as a single LP?
1 See in Base
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It’s really difficult to roll in an SPV into a fund, because the SPV is a fund. 

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