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What do the funds gp and lp mean?
LP is a limited partner.

We can simply understand it as an investor. Many times, a project needs to invest tens of millions or even hundreds of millions of funds. Most investment companies have many different projects. ) and the investment company's gp doesn't have that much money or doesn't want to invest so much company money in a project in order to share risks.

GP is the general partner.

Many times GP and LP coexist. And they mainly exist in some companies that need a lot of capital investment, such as private equity (PE), Hedge Fund, venture capital and so on.

Partner refers to the organizations and individuals who invest in the establishment of a partnership and participate in the partnership operation, and is the main body of the partnership enterprise.

The first thing in a partnership is a partner. Partner is a common concept in law, which usually refers to a natural person or legal person who invests in a partnership with his assets, participates in the partnership operation, enjoys rights and assumes obligations according to the agreement, and assumes unlimited (or limited) liabilities for the debts of the enterprise. A partner shall have the capacity for civil rights and conduct.

Extended data:

Mode of contribution by partners:

(1) Generally speaking, after a partner makes a capital contribution, he loses the ownership of the property as part of his capital contribution, and the property right subject of a partnership enterprise is the partnership enterprise, not each individual partner.

(two) before the liquidation of the partnership, if the partners transfer or dispose of the partnership property privately, the partnership shall not use it against a bona fide third party.

(3) Transfer of partners' share of property

① Internal transfer

When the general partner transfers all or part of his share of property in the partnership, he shall notify the other partners.

② External transfer

Unless otherwise agreed in the partnership agreement, the general partner must obtain the unanimous consent of other partners when transferring all or part of his property share in the partnership to someone other than the partner.

③ Priority

Where a partner transfers his share of the property in the partnership to a person other than the partner, other partners have the preemptive right under the same conditions; However, unless otherwise agreed in the partnership agreement.

(4) Capital contribution

Where a general partner contributes his share of the property in the partnership, it must be unanimously agreed by other partners; Without the unanimous consent of other partners, the behavior is invalid and causes losses to a bona fide third party, and the actor shall be liable for compensation according to law.

References:

Baidu Encyclopedia-Partner