Limited partner

From ACT Wiki
Revision as of 20:05, 14 June 2022 by imported>Doug Williamson (Create page. Sources: Linked pages.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

1. Private equity.

(LP).

A partner in a private equity limited partnership that invests in a fund, but that does not have day-to-day responsibility for managing the partnership.

Limited partners' maximum losses are generally the amount of their capital contribution only.

Contrasted with general partners.


2. Partnership.

More broadly, any partner having limited liability in a partnership, the limit generally being the amount of their investment.

Unlike general partners.


See also