Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

Used in

Source

Topic

Special Limited Partner

An Investor in a fund that is an affiliate of the fund’s sponsor; generally used to receive promote or other carried interest distributions and typically has no capital commitment to the fund and limited obligations under the fund’s constituent documents.

Source: NCREIF | Date: 09 September 2025 | ID: D1483 | Version: 1