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

Limited partner

Also called: LP

ELI5

An investor in an investment fund.

Used in conversation

“The limited partners receive quarterly fund reports.”

Definition

An investor committing capital to a fund while usually not managing its day-to-day investments.

Here “Limited partner” means: An investor committing capital to a fund while usually not managing its day-to-day investments.

Pitch context

You will see “Limited 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.

Connected terms

Sources & evidence · 6

Direct term-level sources and supporting source families.