Management Fee

The recurring fee a fund charges its investors to cover operating costs, typically an annual percentage of committed or invested capital.

Orivade keeps this on the investor's record — linked to the email or document it came from, so the current status is one search away the moment an LP asks.

See also

Most Favored Nation (MFN)A provision governing whether and how an investor receives more favorable side-letter rights granted to another investor. Depending on the drafting, those rights may apply automatically or only after disclosure and election, and may be subject to eligibility thresholds and exclusions.
WaterfallThe formula that determines how a fund's distributions are split between LPs and the GP, governed by the hurdle rate and carried-interest terms in the LPA.
Hurdle Rate (Preferred Return)The minimum return a fund must deliver to its LPs before the GP starts earning carried interest, set in the LPA and accrued on a defined basis.