do the fund origination fees collected from the LPs that join after the fund is closed get redistributed to the initial LPs?
in re 2.5. in Cornerstone LPA
No, the fund origination fees collected from Limited Partners (LPs) that join after the fund is closed do not get redistributed to the initial LPs. These fees are typically used to cover the costs associated with setting up and operating the fund, such as legal and accounting fees, and are not redistributed to other LPs.
all costs were already covered by initial LPs, so these come as extra