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How do I recycle management fees? Is it recommended for a first time fund?

How do I recycle management fees? Is it recommended for a first time fund?
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We do not recommend recycling on a first fund. It is complicated to manage. It delays starting your second fund. It is hard to explain to inexperienced limited partners. If you want to recycle despite the warnings, then you can set an amount in the Cornerstone, correct.

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