Glossary · Equity & fund structure
LP (Limited Partner)
An investor that commits capital into a fund. Liability is limited to the commitment.
Why it matters
LPs are the capital base every fund manager actually serves.
Related
- GP (General Partner)
The manager running the fund and its strategy. Earns the management fee and carry.
- LPA (Limited Partnership Agreement)
A fund's governing contract. Sets the economics, governance and rights between GP and LPs.
- Subscription agreement
The document by which an LP legally commits capital to a fund.
Words are easy. A match is hard.
GPX turns one deal document into a ranked, briefed shortlist of the lenders and investors that actually fit — debt and equity.