What is the "Reserve Commitment" in the offering documents?

This serves as a safety buffer. Typically, it is used in response to unforeseen needs of the fund and depends on how much the fund has invested relative to its commitments. For example, if the fund invested 100% of its committed capital, it would need to call outside funds. If it invested 90%, there would be a 10% buffer before reaching the reserve. Managers generally keep this in mind.