[Verse 1] When money meets ambition, there's a deal to make Partnership structures, for everyone's sake General Partners step up, they'll run the show Limited Partners bring cash, then watch it grow Management expertise meets capital force Two percent fees keep the engine on course [Chorus] GPs manage, LPs invest Twenty percent carry when performance is blessed Two and twenty, that's the magic phrase Fund structures built for profitable days Partnership power, sharing the load GPs and LPs on the same road [Verse 2] Limited liability shields the quiet money LPs risk only what they put in, nothing funny While General Partners bear unlimited weight Fiduciary duties they cannot escape Decision-making rests in GP hands alone LPs stay passive, reap what is sown [Chorus] GPs manage, LPs invest Twenty percent carry when performance is blessed Two and twenty, that's the magic phrase Fund structures built for profitable days Partnership power, sharing the load GPs and LPs on the same road [Bridge] Hurdle rates must be cleared before Carried interest opens up the door Eight percent returns, then profits divide Waterfall distributions, nothing to hide Management fees flow year by year Carry only comes when targets appear [Verse 3] Capital commitments drawn down in stages Investment periods spanning multiple ages GPs get their slice when funds exceed the mark LPs see distributions when exits spark Partnership agreements spell out every term Both sides protected as markets churn [Chorus] GPs manage, LPs invest Twenty percent carry when performance is blessed Two and twenty, that's the magic phrase Fund structures built for profitable days Partnership power, sharing the load GPs and LPs on the same road [Outro] Fund structures clear, roles defined with care General and Limited Partners everywhere Two percent management, twenty percent upside Partnership profits, properly divided
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