What a GP Runway Fund Actually Is

things we want to address. So GP runway fund is a fund where we are investing working capital loans in the management company. So we're providing managers with between $100, 000 and $500,000 of capital that's intended to address exactly these kind of operational and kind of gross opportunities when you think about the build out of the firm. So we are lending to managers

who are raising fund one, two or three. And it's totally non-dilutive capital. So relative to what you described with staking, we're not taking any ownership in the firm or the GP. We think that's important because