General partner
A general partner is a party with management or other responsibilities in a partnership, as set out in its documents and applicable law. In a fund, the GP often directs operations.
Why it matters to a capital raiser
I explain the GP's role, authority, and economics to prospective limited partners.
Related terms
A term can mean something different in a particular deal, so read it with the governing documents. General education only. Not legal, tax or investment advice.