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 side-letter right that lets an investor elect terms a fund grants to other investors of equal or smaller commitment.
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 RateThe 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.