PEINVEST
A notice issued by a fund's general partner to limited partners requiring them to contribute a portion of their committed capital. Capital calls are typically made when the fund identifies an investment opportunity or needs to cover management fees and expenses.
The time window during which a PE fund's general partner can make new investments, typically the first 3-5 years of the fund's life. After the commitment period expires, the GP can only make follow-on investments in existing portfolio companies.
An investor in a PE fund who provides capital but has limited involvement in fund management and investment decisions. LPs include pension funds, sovereign wealth funds, endowments, insurance companies, family offices, and high-net-worth individuals.
The entity responsible for managing a PE fund, making investment decisions, and overseeing portfolio companies. The GP typically contributes 1-5% of total fund capital and receives management fees and carried interest as compensation.