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Glossary

Limited partner

A limited partner, often shortened to LP, contributes capital to a limited partnership while the general partner manages it, subject to the partnership agreement and applicable law.

Accurate as of Aug 24, 2026

Fund Mechanics

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Related terms

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Co-investmentCo-investment is an investment made alongside another investor, usually a fund, lead investor, financial sponsor, or syndicate lead, into the same company or transaction.Dry powderDry powder is capital that an investor or fund has available to deploy but has not yet invested.Final closeFinal close is the final transaction date that ends a fundraising process and locks the committed capital for that fund or round.

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Usage can vary across firms, programs, and jurisdictions; this definition describes the venture-scouting context.