Limited Partner
Noun · Startup & VC
Definitions
An investor in a fund who provides capital but does not manage the fund's day-to-day investment decisions. Limited partners sit behind venture firms as the ultimate source of much of the capital startups raise.
In plain English: An investor who puts money into a fund without running it.
Example: "The venture firm raised its new fund from endowments, pensions, and family-office limited partners."