Assertion: venture capitalist's fund | /r/HasAspect | multiple closings
Facets:
Source sentences:
text: If the fund has multiple closings, investors admitted in later closings typically will fund their proportionate share of any amounts contributed at prior closings (i.e. if 10% of the fund was called previously, they will fund 10% of their commitment) and often will be charged interest on initial capital contributions in order to compensate the initial partners for the time value of money on their initial investments.