Flows: For Drawdown Funds (lpInterest)

The following flows apply to drawdown funds:

• initial fund/offering setup (see Flows: For All Investment Vehicles)

• transfers (see Flows: For All Investment Vehicles)

• initial investments

• capital calls

• distributions

Initial Investments

The initial investments for a drawdown fund have the following flow, with securities issued when the Asset Manager or Fund Admin runs a close for a batch of accepted shares. This flow assumes that:

• The investing org has been assigned to the fund.

• The investing org has accepted that assignment.

The Integration API refers to the initial step in subscribing as "creating an asset."

Capital Calls

If a drawdown fund is configured for capital calls, the event can be started by either the general partner or the fund administrator, and both parties must approve.

If there is no fund admin, then the general partner must still approve.

Distributions

If a drawdown fund is configured for distributions, the event can be started by either the general partner or the fund administrator, and both parties must approve.

If there is no fund admin, then the general partner must still approve.