Fund lifecycle and operations

Wind-down

Wind-down is the later stage of a closed-end fund, when its remaining investments are exited, distributed, or written off and it settles its obligations. The limited partnership agreement (LPA) sets the fund term and any available extensions.

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