Late Admission Interest Discussion

Financial Ventures Studio

Capital Call 
Preferred Returns(Name Ben Used capital call and Statement)
Late Admission Interest

Summed up on the Account Statement

Customized Orgs:
Financial Ventures Studio
Prime Movers Lab
Harbinger

Late Admission Comes in from Newly Added LPs that come in late to fund.
All New LP's are charged Late Admission Interest
This interest Goes into the Fund
The next capital call the previous investors have their Call reduced by their Fund Commitment Percentage of all previous investors.

In the next round of Capital Calls the Commitment Percentage of the Gross Late Admission Interest recieved by the fund is subtracted from the Amount Due of the calls to Previous Investors.