Fundamentals
Your friendly guide to investment funds and SPVs.
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Fees Paid to GP Affiliates
Management Fees
LP Giveback
Carried Interest Clawback
Mandatory Registration Starts March 1, 2026
Split Waterfalls (Cash Flow / Dispositions)
American vs. European Waterfalls
GP Catch-Up Provisions
Preferred Returns
Carried Interest
Successor Funds
Key Person Event