Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
other
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This document describes the carried interest structure for the Glendower GP within the Third Lake Capital Underlying Fund, outlining the distribution of net profits and preferred returns. It also details the indemnification obligations of the Access Fund and the restrictions on Limited Partners regarding withdrawals and transfers of interests, requiring General Partner consent and payment of transfer expenses.
Metadata
- Subject
- Third Lake Capital Underlying Fund Carried Interest Indemnification Withdrawal and Transfer
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0095808
- Date
- —
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Glendower GP | financial | Underlying Fund | Glendower GP is entitled to receive carried interest distributions equal to 12.5% of the Underlying Fund's net profits. |
| Investment Manager | legal | Access Fund | The Investment Manager will be indemnified by the Access Fund. |
| General Partner | legal | Limited Partners | Limited Partners may not withdraw from the Access Fund prior to its dissolution without the consent of the General Partner. |
Notable Quotes 2
the Glendower GP is entitled to receive "carried interest" distributions equal to 12.5% of the Underlying Fund's net profits subject to an eight percent (8%) preferred return with a full catch up provision for the Glendower GP.
Limited Partners may not withdraw from the Access Fund prior to its dissolution, provided that a Limited Partner may, with the consent of the General Partner in accordance with the terms of the Partnership Agreement, transfer its Interests to a Feeder Fund.
Financial Information
Amounts:12.5%8%$5,000
Assets:
- Underlying Fund's net profits
- assets of the Access Fund
- proceeds of liability insurance
- recalled Distributions
Transactions:
- carried interest distributions
- capital calls
- transfer expenses
Legal Compliance
- Limited Partners may not withdraw from the Access Fund prior to its dissolution without the consent of the General Partner.
- Limited Partners may not sell, assign or transfer any of their Interests, rights or obligations in the Access Fund except with the consent of the General Partner.
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
Organizations 8
Third Lake CapitalGlendower GPInvestment ManagerGeneral PartnerAccess FundLimited PartnersFeeder FundPartnership
Text Analysis
- Tone
- Professional
- Purpose
- To describe the carried interest, indemnification, withdrawal, and transfer terms of the Third Lake Capital Underlying Fund.
- Significance
- This document outlines the financial and legal obligations of investors in the Access Fund, including carried interest, indemnification, and transfer restrictions.
File Info
- File Name
- EFTA01391077.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:12.104747
- DOJ Source
- View on DOJ