Investors
Limited partner
Also known as LP
An investor who commits capital to a fund but does not run it.
Limited partners provide the money in a private fund. They receive a share of profits in proportion to their commitment, and their liability is limited to what they commit. LPs include pensions, endowments, foundations, sovereign wealth funds, insurers, funds of funds, family offices and wealthy individuals.
Why it matters when you raise
Every raise is a search for the right LPs, so knowing each one's type, cheque size and appetite decides who is worth your time.
In the field notes
SEC Proposes Scrapping the Adviser Pay-to-Play Rule: What GPs Raising From Pensions Should Do
Compliance
Penn Endowment Returns 27.4% in Fiscal 2026 and Grows to $31.1 Billion
Market Signals
Temasek Takes a 9% Stake in Italian Growth Investor FSI and Will Back Its Future Funds
Market Signals
Texas County and District Retirement System Commits $300 Million to Silver Point Direct Lending
LP Intelligence
Alaska Permanent Fund Sits Below Its 18% Private Equity Target as Trustees Meet in Nome
LP Intelligence
How to Follow LP Staff Moves Into Warm Paths, From New York City to the California Endowment
Warm Paths