California Real Estate Principles and License Preparation
Fund Structure
Traditional Fund
Traditional funds typically do a “big bang” fundraise and begin deploying capital after the First Close. Once the fund is officially closed, they’re unable to accept new LPs.
That said, it’s not uncommon for fund managers to leave their fund “open” for several months while deploying and raising additional capital.
Ro
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OWNERSHIP, POSSESSION, AND CONTROL
Peter Thiel, Blake Masters • Zero to One
Naked Economics: Undressing the Dismal Science (Fully Revised and Updated)
Charles Wheelan • 1 highlight
amazon.com
Understand that at any given time one may hold all, or only a few of these rights. If someone has all five rights with respect to a parcel of real estate, we say they have a fee simple interest. A fee simple interest is the highest, most complete form of ownership and includes the entire bundle of rights. Also, you may hold these rights exclusively
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