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GP · Fund · Per call

Chase unpaid capital calls

Every LP who missed a call’s due date is reminded, called and, past the cure period, put before counsel.

PlanChase unpaid capital calls

  1. Find the late payers

    Held

    Reads every sent call with its payments and bank matches, and Operator picks the LPs past due and not fully paid.

    Operator
  2. Remind each late LP

    Held

    Operator drafts a reminder with the amount owed and the due date, and sends them all from the fund’s mailbox. A reminder whose amount changed after a part payment comes back on its own.

    API actionper LPGP approves all in one go
  3. Check who is still late

    Held

    Re-reads the payments, picks the LPs still late, and cites the LPA’s default, late-interest and cure clauses for each.

    OperatorWaits 5 business days
  4. Call each LP still late

    Held

    You call each one and note the payment date they promise, with reminders until every call is done.

    Personper LP
  5. Decide on default notices

    Held

    Counsel decides on a default notice for anyone past the cure period, with the clause on record.

    PersonCounsel approves
  6. See where the call stands

    Held

    Reads where the call stands. A junior sees how many LPs are late and the total outstanding; you see who and how much.

    API action

The plan as it runs: each step waits for the one before it, and stops at its gate until the owner approves.

At a glance

Who runs it, and when

Who runs it
GP
What starts it
A capital call’s due date passes with LPs unpaid or part-paid.
How often
Per call
Vehicle
Fund

Ask Operator

Start it in a sentence

Ask Operator in chat. It drafts the plan for your fund, and nothing runs until you release it.

  • You

    Chase the LPs who haven’t paid the September call.

  • You

    Who is late on the last drawdown? Remind them.

  • You

    Send payment reminders for Fund II’s call.

The outcome

Every late LP got one reminder with the amount owed, those still late got a call, and counsel has decided on anyone past the cure period.

What it proves

  • Never reminds an LP who has paid or whose wire has already matched.
  • Sends every reminder behind one approval; one whose amount changed comes back on its own.
  • Waits five business days with no one watching the clock, then checks again.
  • Cites the LPA’s default and cure clauses before counsel decides.
  • Shows a junior the count and total outstanding; you see each LP.

Run it on your fund

Talk to the team about running this playbook on your own fund.