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. Capital contributions are required from each partner based on their subscription and percentage interest, with specific terms for initial contributions and drawdowns.
documents/vol00010-efta01364626-pdf.pdf
{"key_people":["Investment Manager","General Partner"],"document_type":"financial","document_subtype":"Limited Partnership Agreement","key_organizations":["Southern Financial LLC","Feeder Fund","Glendower Access Secondary Opportunities IV (U.S.), L.P."]}