# Limited Partner

*Startups & Venture Capital — Finicade finance glossary*

Limited partners are the investors in a fund — pensions, endowments, family offices — who commit capital and have no say in individual investments.

Limited partners are the investors in a fund — pensions, endowments, family offices, funds of funds — who commit capital and have no say in individual investments. Their commitments are drawn down over years through capital calls rather than paid upfront. Their liability is limited to what they committed, which is the legal structure the entire private funds industry rests on.

**Also known as:** limited partners, fund investor

**Related terms:** [General Partner](https://finicade.com/glossary/general-partner), [Carried Interest](https://finicade.com/glossary/carried-interest), [Dry Powder](https://finicade.com/glossary/dry-powder), [Fund Vintage](https://finicade.com/glossary/fund-vintage), [Private Equity](https://finicade.com/glossary/private-equity)

Source: https://finicade.com/glossary/limited-partner