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General VC Questions

can an LP nominate IC member

Asked by: Walied Albasheer
1
0
Jan 07, 2024
AI Answer was 

While an LP can potentially suggest a member for the Investment Committee (IC), the final decision typically rests with the General Partner or Fund Manager. It's important to ensure that any IC member is trusted, experienced, and aligns with the fund's strategy.

any more to add
1 answer
1
Mike Suprovici
Accepted Answer
Jan 08, 2024
Yes. It's not uncommon for large LPs to want to request to be on the IC. That being said, you need to be very careful with who you nominate on the IC because it is making investment decisions for the fund. 
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