Fund economics

Called Capital

Called capital is the portion of your commitment the fund has requested. Paid-in or contributed capital is the amount the fund has received; the two can differ if a call hasn’t yet been funded.

Example: If a fund calls $60,000 of your $100,000 commitment and you pay it, $60,000 has been called and paid in.

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Knowing the language helps you follow the conversation. Knowing what to ask is how you participate in it.

Understanding the terms is a first step. The Aligned Capital Program uses them to teach you how to evaluate a fund and prepare the questions to ask its manager.

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