What is Limited Partner?
An investor who puts money into a venture fund but does not pick the deals, often called an LP. Pension funds, endowments and wealthy individuals fill this role, and the fund's managers report results back to them.
LPs fund it · the GP picks the deals
A limited partner in a venture fund…
Write it in your own words in the app.
In real work
Each limited partner in Nadia's first fund, from a university endowment to two former founders, gets a quarterly letter on how the companies are doing.
In the illustration
Coins drop from the three LP tubes into the fund hopper until it holds ten; the tubes have no controls on them. Behind the guard on the far side, the GP's selector lever sends each coin into a company drawer.
Act as a limited partner reading the fund update I paste below in your deal notebook: list five questions about fees, pace of investing and cash returned so far, and note what the update leaves out.
Try it now
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01Practice
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02Verify
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03Career
Find the work that uses it
See which roles lean on this vocabulary, and what they pay in year one.
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