← Glossary
Clawback (GP Clawback)
A provision requiring the general partner to return carried interest it was paid earlier if, recomputed against the fund's lifetime results, it kept more than the agreed profit split allows. Common in deal-by-deal waterfalls, where carry is paid as investments are realized.
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
- 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.
- General Partner (GP)The manager of a fund, responsible for its investments, operations, and reporting to investors.
- Capital Account StatementAn investor's periodic record of contributions, distributions, fees, and current value in the fund.
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