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Asked by

Community Member

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in

Accounting & Taxes

If multiple LPs are funding their total capital commitments up front (instead of adhering to capital calls), can I move all of the pre-funded capital into one secondary fund account, or do I need to open a separate account for each LP?

2 See in Base
0

Answered by

Mike Suprovici

on

The fund will need to open up a single secondary account for pre-funded contributions. Then, the fund would call the appropriate amount of capital from this pre-funded account.
0

Answered by

Adeo Ressi

on

If you use a Start Fund, you can call 100% up front and start using the money right away. 

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