Note 15 - Partners' Capital (Predecessors)

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Partners' Capital Notes Disclosure [Text Block]

NOTE

15.

Partners' Capital (Predecessors)

Allocation of partner's net profits and losses.

Net income or loss and net gain or loss on investments of the Predecessors for the period are allocated among its partners in proportion to the relative capital contributions made to the Predecessors. The Predecessors realized a net loss of

$85.0

million for the period from

January 1, 2020

through

August 21, 2020.

Partner's distributions.

The proceeds distributable by the Predecessors (which shall include all proceeds attributable to the disposition of investments, net of expenses) is distributable in accordance with their respective Partnership Agreements. As of

August 21, 2020,

the Predecessor had made distributions of

$2.8

million prior to closing of the HighPeak business combination.