Page Comparison

LPOPEN

Initial Commitment. You can specify the total commitment amount for a private equity fund.

Initial

Commitment

LPCOMMIT

Commitment Adjustment. After you book the initial position, you can change the total commitment by increasing or reducing it.

Commitment Adjustment/Capital Call

LPCALL

Capital Call. You can process a capital call (funding of the commitment), which may include both capital investments and fees that impact the funded and unfunded commitments. A capital call increases the funded commitment and decreases the unfunded commitment.

Commitment Adjustment/Capital Call
(single transaction)

Multiple Cash/Calls
(multiple transactions)

LPCASH

Cash Distribution. You can process a cash distribution from a private equity fund and can break out the distribution between income, expense, and cost. There are two types of cash distributions:

• Recallable. Cash is paid out to limited partners (LPs), but can be either fully or partially recalled by the general partner (GP) at a later date. This decreases the funded commitment and increases the unfunded commitment.

• Non-Recallable. Cash is paid out to LPs permanently. This does not affect the funded commitment or unfunded commitment.

Cash Distribution/Capitalization

/Final Close
(single transaction)

Multiple Cash/Calls
(multiple transactions)

LPCAP

Capitalization. You can process capitalization to recognize income and/or expenses. This also adjusts the cost of the private equity position. These transactions hit LP Income and LP Expense, but they do not generate cash or affect the funded and unfunded commitments.

Cash Distribution/Capitalization

/Final Close

LPCLOSE

Final Close. You can close out a position in a private equity fund. You can break out any cash associated with the close between income, expense, and cost.

Cash Distribution/Capitalization

/Final Close