# Review and confirm allocations

After [creating a capital call draft](/for-general-partners/create-call.md), Gildi immediately computes the per-LP allocations. This page explains how to read the allocation preview, understand any adjustments, and confirm the call before notices go out.

## The allocation preview

> *\[Screenshot: the Allocations panel on a draft capital call, showing the per-LP table with commitment, share %, gross allocation, adjustment, and net call amount columns]*

On the draft call page, the **Allocations** panel shows a table with one row per active LP:

| Column               | Meaning                                                                      |
| -------------------- | ---------------------------------------------------------------------------- |
| **LP name**          | The LP entity receiving the notice.                                          |
| **Commitment**       | Their signed commitment to the fund (fund base currency).                    |
| **Share %**          | Their commitment as a percentage of total active commitments.                |
| **Gross allocation** | `Share % × call amount` — their pro-rata portion before adjustments.         |
| **Adjustment**       | Any equalization, recall offset, or waiver that shifts the gross allocation. |
| **Net call amount**  | What this LP actually owes on this call.                                     |
| **Status**           | Active / Excused / Defaulted.                                                |

The sum of all **Net call amounts** always equals the total call amount (any rounding residue is absorbed by the largest-commitment LP — see the [allocation methodology](/methodology/_allocation.md)).

## Understanding adjustments

### Equalization

If any LP was admitted at a subsequent close, their row shows an equalization line under **Adjustment**. This is the catch-up principal plus interest for all prior calls they were not part of. See [equalization methodology](/methodology/_equalization.md) for the full formula.

### Recallable offset

For recall notices, an LP whose recallable balance covers their pro-rata share will show a **Recall offset** equal to their gross allocation. Their net call amount is €0 — they have already funded this amount previously. See [recallable methodology](/methodology/_recallable.md).

### Fee waiver

LPs with a configured fee waiver will show a reduced net call on fee components. The waived amount is redistributed to non-waived LPs. See [fees methodology](/methodology/_fees.md).

## Excused LPs

An LP may be excused from a specific investment (per their side letter or a GP decision recorded in Gildi). Excused LPs have status **Excused** and their commitment is removed from the total active commitments for this call. The remaining LPs absorb the excused LP's share pro-rata.

To excuse an LP from this specific call:

1. Click the LP's row in the allocation table.
2. Select **Excuse from this call**.
3. Enter the reason (this appears in the audit log, not on the LP's notice).
4. Click **Save**. Gildi recomputes all allocations immediately.

Excusing an LP from one call does not excuse them from future calls.

## Defaulted LPs

LPs in **Defaulted** status are automatically excluded from new allocations. Their share is absorbed by non-defaulting LPs. The GP dashboard shows the default flag and the date the default was recorded. To cure a default and re-include an LP, go to the fund's **LPs** tab and change their status — then return here and Gildi recomputes.

## Editing the total amount

If you need to change the total call amount after reviewing allocations, click **Edit call** at the top of the draft. Changing the amount recomputes all allocations immediately. You do not need to re-enter LP adjustments.

## Confirming the call

When the allocation table looks correct:

1. Check the **Summary** box at the bottom of the page:
   * Total call amount
   * Number of LPs receiving notices
   * Drawdown due date
   * Payment account
2. Click **Approve call**.

Approving locks the call amount and allocations. Gildi queues the notice PDFs for generation. Proceed to [Send the notice](/for-general-partners/send-notice.md).

## What you cannot change after approval

Once approved, the following fields are locked:

* Total call amount
* Per-LP net call amounts
* Drawdown due date

If any of these need to change, you must issue a **correction notice** — contact support, as this requires a supervised correction flow.


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