limited partner

noun

Definition of limited partner

: a partner in a venture who has no management authority and whose liability is restricted to the amount of his or her investment — compare general partner

Examples of limited partner in a Sentence

Recent Examples on the Web The foundation has said a promise was made in 2000 by Vista’s first fund to transfer its remaining assets to charity after covering its obligations to its limited partner. Bloomberg Wire, Dallas News, "Austin billionaire Robert Smith faces U.S. probe into potential tax crimes involving Caribbean entities," 21 Aug. 2020 Its first fund, Vista Equity Fund II, had a single limited partner, Point Investments, a British Virgin Islands entity, which made the $1 billion commitment in 2000, a person familiar with the matter said. Bloomberg Wire, Dallas News, "Austin billionaire Robert Smith faces U.S. probe into potential tax crimes involving Caribbean entities," 21 Aug. 2020 Investors in venture capital firms—the limited partners—are under pressure right now. Lucinda Shen, Fortune, "How do you bet on a company that doesn’t yet exist?," 1 May 2020 The limited partner -- Energy Transfer LP -- is publicly traded, while the general partner is closely held, with Kelcy Warren controlling a majority stake. Rachel Adams-heard, Bloomberg.com, "Warren Calls On Perry To Step Down From Energy Transfer Board," 6 May 2020 The limited partner — Energy Transfer LP — is publicly traded, while the general partner is closely held, with Kelcy Warren controlling a majority stake. Tom Benning, Dallas News, "Elizabeth Warren wants Rick Perry to give up Energy Transfer board seat," 18 Jan. 2020 The limited partner — Energy Transfer LP — is publicly traded, while the general partner is closely held, with Warren controlling a majority stake. Bloomberg Wire, Dallas News, "Ex-Energy Secretary Rick Perry rejoins Energy Transfer’s board," 3 Jan. 2020 In 2017, according to the suit, Vivian Lum, an attorney with Lum Law Offices, which is a limited partner of Hogan Manor, purported to assign RCC Credit’s interest in the partnership deed of trust to another company, the Evergreen Advantage LLC. Dakota Smith, Los Angeles Times, "Housing developers used city-backed property as ‘personal bank account,’ lawsuit alleges," 18 Oct. 2019 As people who give us the money, limited partners (LPs) set strict timelines for venture capitalists like us to generate returns on our investments. Karthik Reddy, Quartz India, "Why aren’t more Indian startups chasing IPOs? A VC asks," 17 Oct. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'limited partner.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of limited partner

1824, in the meaning defined above

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The first known use of limited partner was in 1824

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Last Updated

6 Sep 2020

Cite this Entry

“Limited partner.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20partner. Accessed 28 Sep. 2020.

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More Definitions for limited partner

limited partner

Legal Definition of limited partner

see partner

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