This document outlines the financial terms and obligations for partners in the Southern Financial LLC partnership. It details the management fee structure, timing of payments, and capital contribution obligations for partners. The management fee is calculated based on LIBOR plus 2% or 8%, whichever is higher, and is payable quarterly in advance. Capital contributions are required from each partner based on their subscription and percentage interest, with specific provisions for initial contributions and drawdowns.
doj/DataSet10/EFTA01386527.pdf
{"key_people":["General Partner","Investment Manager"],"document_type":"financial","document_subtype":"Limited Partnership Agreement","key_organizations":["Southern Financial LLC","Glendower Access Secondary Opportunities IV (U.S.), L.P."]}