General partner (GP) is a class of partner in a partnership. The general partner retains liability for the actions of the partnership. In the private equity world, the GP is the fund manager while the limited partners (LPs) are the institutional and high net worth investors in the partnership. The GP earns a management fee and a percentage of profits (See Carried interest).
Barry Goldsmith
| APA | Barry Goldsmith. (2010). general partner (gp). Retrieved September 21, 2026, from http://smartdefine.org/general_partner_(gp)/definitions/1154860 |
| Chicago | Barry Goldsmith. 2010. "general partner (gp)" http://smartdefine.org/general_partner_(gp)/definitions/1154860 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, general partner (gp), Smart Define, viewed 21 September, 2026, <http://smartdefine.org/general_partner_(gp)/definitions/1154860>. |
| MLA | Barry Goldsmith. "general partner (gp)" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/general_partner_(gp)/definitions/1154860> |