When Investors Become Part Of The Borrowing Base

Law360, New York (March 13, 2012, 1:36 PM EDT) -- Private equity funds receive capital from their investors pursuant to capital calls issued periodically by the general partner or other manager of the fund. When issuing capital calls, the manager faces potential uncertainties relating to whether or not the funds will be received as required, as well as built-in time delays imposed by fund governing documents which typically require 7 to 15 business days advance notice....

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