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Fundraising

How Many LPs Have Signed a PACT or Hard-Circled for Your Fund's Target Size?

Number of PACTs: How would you respond when a prospective LP asks how much of the fund's target size have you hard-circled so far or how many LPs have signed a PACT to date?
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Answered by

Mike Suprovici

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It really depends on where the GP is in the process. If they are early, they can tell LPs that they just started the process. If they are further along, the can mention hard/soft circled amounts. 

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