What is Max Exposure, as % of Committed Capital?

Max Exposure, as a percentage of Committed Capital, typically refers to the maximum amount of the fund's total capital commitments (at the time of the investment) that can be invested into any single portfolio company. This is often set at a specific percentage, such as 10%, to prevent the fund from concentrating too much risk in any one investment.

Please note that this % is NOT OF THE TARGET FUND SIZE.