In the Commitment Adjustment/Capital Call panel, after you book the initial position for private equity, you can adjust the commitment amount you initially set. You can book a commitment adjustment transaction for private equity to increase or decrease the commitment amount. When you select the Additonal Commitment Adjustment transaction (LPCOMMIT event), you can adjust only the commitment amount; there are no cash or ledger entries associated with this task. You can create cash/ledger entries for a Commitment Adjustment transaction if you enter the Net Amount. This affects the Capital Call Amount, which, in turn, affects Unfund/Funded Amounts. This LPCOMMIT event is part of the Capital Based Fund Investment workflow when you set up a private equity security with a processing security type of Capital Based Fund Investment (EQCBFI). You can book a commitment adjustment transaction for private equity to increase or decrease the commitment amount.
To adjust the commitment for private equity using the Book Trade tool:
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