ashcroft capital distributions had made capital calls, and one of them asked the LPs for 19–20 percent more money. The money was for paying off more debt, renewing interest rate caps, and fixing up the property. Although management justified this on the basis of being forced to conserve capital, some investors were angry at feeling coerced to put in more funds to prevent dilution. It is hard to say no to a capital call when it could mean losing equity. Because of these events, a lot of investors are rethinking the risks of syndication.