# Create a capital call

This guide walks a GP through creating a new capital call in Gildi. At the end of these steps you will have a **Draft** capital call ready for allocation review and notice delivery.

## Before you start

* You must have the **GP Admin** or **GP Manager** role on the fund.
* The fund must have at least one active LP commitment.
* Decide in advance: is this an investment call, a fee call, or a combined call? The amount and label must match your records.

## Steps

### 1. Open the fund

From the sidebar, select **Funds** and click the fund you are calling capital for. Confirm the fund is in **Active** status — capital calls cannot be issued against a **Closed** or **Suspended** fund.

### 2. Start a new call

> *\[Screenshot: the Capital Calls tab on a fund page, with the "+ New capital call" button visible]*

On the fund's **Capital Calls** tab, click **+ New capital call**.

### 3. Choose the call type

| Type                | Use when                                                                                                           |
| ------------------- | ------------------------------------------------------------------------------------------------------------------ |
| **Investment call** | Drawing capital to fund a portfolio investment.                                                                    |
| **Fee call**        | Drawing capital to pay the management fee for the current period.                                                  |
| **Combined**        | Both investment and fee components in one notice (common when a management fee is called alongside an investment). |
| **Recall**          | Re-drawing previously distributed recallable capital.                                                              |

For combined calls, enter the investment amount and the fee amount separately. Gildi sums them for the total call and itemises them on the notice per ILPA requirements.

### 4. Enter the call details

| Field                              | Notes                                                                                                                                                  |
| ---------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------ |
| **Call amount**                    | Total amount in the fund's base currency. For combined calls, enter each component.                                                                    |
| **Call purpose / investment name** | A short label that appears on the notice PDF and in each LP's portal. Keep it under 60 characters.                                                     |
| **Drawdown due date**              | The date by which LPs must transfer funds. Must be at least 10 business days from today (ILPA minimum notice period). Gildi warns if you select fewer. |
| **Notice date**                    | Defaults to today. Change only if you are back-dating a notice with GP counsel's approval.                                                             |
| **Bank account**                   | The fund's collection account. Select from the accounts already on file; contact your fund administrator to add a new one.                             |

### 5. Add a memo (optional)

Use the **Memo** field to include deal-specific context that will appear in the body of the LP notification email — for example, the name of the portfolio company being acquired. This text is not part of the legal notice PDF.

### 6. Save as draft

> *\[Screenshot: the completed new capital call form, showing call type, amount, purpose, and drawdown due date filled in]*

Click **Save draft**. Gildi creates the call in **Draft** status and computes the per-LP allocations (see [Review and confirm allocations](/for-general-partners/allocate.md)).

You can return to edit the draft at any time before it is approved. Once the call is approved and notices are sent, the amount and due date cannot be changed without issuing a correction notice.

## What happens next

Gildi computes each LP's allocation immediately when you save the draft. Proceed to [Review and confirm allocations](/for-general-partners/allocate.md) to check the split before sending.

## Common issues

**"Fund has no active LP commitments."** At least one LP must have a commitment in **Active** status. Check the fund's **LPs** tab for commitments in **Pending** or **Defaulted** state that may be blocking the call.

**The drawdown due date is in the past.** Gildi blocks past due dates to prevent accidental backdating. If you genuinely need to record a historical call, contact support for a supervised backdate operation.

**Combined call — fee component doesn't match the scheduled fee.** Gildi will warn if the fee component you enter differs from the automatically computed fee for the current period by more than 1 %. This is a warning only; you can override it with a note explaining the discrepancy (e.g., a pro-rated partial period).


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