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Community Member

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Venture Legal

What are the accepted reasons for an LP to transfer or sell their interest in the fund?

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Answered by

Haw Kuo

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Generally speaking, none, unless a limited partner defaults on paying a capital call - in such cases the fund's Limited Partnership Agreement (Cornerstone for Decile clients), usually spells out the fund manager's options in dealing with a defaulting limited partner's interest in the fund. 

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