Fund lifecycle and operations

Investment Period

The investment period is the time during which a closed-end fund is generally permitted to make new portfolio investments. The limited partnership agreement (LPA) specifies how long it lasts and what investments or expenses remain permitted afterward, including possible follow-ons.

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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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