Recent Examples of general partner from the Web
Term Sheet recently spoke with Spotify’s very first investor, Pär-Jörgen Pärson, a general partner at Swedish growth investment firm Northzone.
Fortune‘s Polina Marinova talks to Rebecca Kaden, Union Square Ventures’ first—and only—female general partner.
For instance, Tony Florence, a general partner at the venture capital firm NEA, led an $8 million fund-raising round (the Wing has raised more than $40 million total).
Arena Ventures founder and general partner Paige Craig has a new startup gig.
OpenView promoted Elizabeth Cain to general partner. • Canceling Comcast.
On Tuesday Steinbrenner’s daughter Jennifer, a general partner, sat next to reporters in the front row, wearing a championship pendant on her necklace and beaming.
NuStar will merge its general partner, NuStar GP Holdings, into its operations and cut its annual distribution to investors by roughly $200 million.
The firm also promoted Morad Elhafed to general partner.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'general partner.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of general partner
Financial Definition of GENERAL PARTNER
What It Is
How It Works
In some partnerships, all the partners are general partners, and they are all liable for the debts and obligations of the business. In other partnerships, some of the partners are general partners and others are limited partners. In those cases (called limited partnerships, or LPs), one or a handful of general partners manage the day-to-day operations of the business and are personally liable for the business's debts.
Unlike general partners, limited partners have no daily management role, cannot encumber the business, and are not personally liable for the business's debts. Instead, they receive a share of the firm's profits in exchange for their capital investments, and usually the worst that can happen is that the value of their investment falls to zero. Limited partners who take managerial roles could be considered general partners in the eyes of the law.
Why It Matters
General partners bear the lion's share of the risk in a partnership. They must make important decisions about the company, and they must be prepared to forfeit their personal assets in a worst-case scenario. Day-to-day management and risk burdens are two reasons general partners usually receive management fees in addition to large percentages of the partnership's profits.
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