Fund economics

Uncalled Capital

Uncalled capital is the part of your commitment the fund hasn’t yet requested. It’s still a binding obligation: when the fund calls it, you’re expected to send it. It’s sometimes called an unfunded commitment.

Example: You commit $100,000 and $60,000 has been called. Your uncalled capital is $40,000, still owed when the fund asks for it.

Try the Venture Commitment Explorer

Back to the glossary

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.

Explore the Aligned Capital Program