Business Pitch Dictionary by pitch.dog
Investor & fund types · Core

General partner

Also called: GP

ELI5

The manager of an investment fund.

Used in conversation

“The general partner earns management fees and carried interest.”

Definition

The entity or partners responsible for managing an investment fund and making investment decisions.

Here “General partner” means: The entity or partners responsible for managing an investment fund and making investment decisions.

Pitch context

You will see “General partner” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches investor & fund types.

Why it matters: In investor & fund types, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 6

Direct term-level sources and supporting source families.