Potential Clawback Value
The amount of clawback payable to the General Partner if the fund is liquidated. A calwback obligation represents the General Partners’ promise that, over the life of the fund, the managers will not receive a greater share of the fund’s distributions than they bargained for. When triggered, the clawback will require that the General Partner return to the fund’s Limited Partners an amount equal to what is determined to be excess distributions.
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