How LPs Decode VC Fund Term Sheet Economics

Limited partners often focus on headline returns, but the real money game is in the term sheet. Lucas and Luna break down how sophisticated LPs evaluate management fees, carried interest hurdles, and catch-up provisions. We look at a specific hypothetical fund structure where a slight shift in the hurdle rate changes the GP's take by millions. This episode gives you the concrete vocabulary to ask sharper questions during your next capital call, moving beyond simple IRR numbers to understand the actual economic alignment between investor and manager. #VentureCapital #LimitedPartners #FundTermSheets #CarriedInterest #ManagementFees #HurdleRate #CatchUpProvision #GPAlignment #LPDueDiligence #FundEconomics #PrivateEquity #StartupInvesting #ReturnMetrics #IRRCalculation #CapitalCalls #FundGovernance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo