Nitpicking, but at least in the US, you dont "own" a fund.
Instead, many limited partners LPs are contributing members and the GP has control of the day to day even though he rarely contributes in any significant %
No one owns that structure. The GP controls it but at the mercy of the LPs for any major decision.
If you truly had an individual owner of a "fund" , this most likely is describing some other structure like a family office, for example.
Thank you for your clarification. I was aware that a VC fund isn't as simple in structure as having an individual 'own' it, but I was using some shorthand. Maybe 'manage' would've been closer to the mark.
Instead, many limited partners LPs are contributing members and the GP has control of the day to day even though he rarely contributes in any significant %
No one owns that structure. The GP controls it but at the mercy of the LPs for any major decision.
If you truly had an individual owner of a "fund" , this most likely is describing some other structure like a family office, for example.