You don't pay a fund up front. You promise an amount, and the manager calls pieces of it as deals come up. Miss a call and you could lose part of your stake.
What the film says
10 business days to wire $2M. Miss it and you could lose part of your stake. That’s a capital call. You don’t pay up front. You promise $20M. The manager finds a deal and calls 10%. Next year, 15% more. Until the promise is used up.
In the glossary: Capital call
A simple example with round numbers, not advice. Terms vary by fund.
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