The ToR calls for the business to manage funds of a minimum of $50m with a significant portfolio in at least two of the target geographies. In the case of a JV where a new fund would be offered is it sufficient for one of the parties to fulfil this criteria?

The ToR calls for the business to manage funds of a minimum of $50m with a significant portfolio in at least two of the target geographies. In the case of a JV where a new fund would be offered is it sufficient for one of the parties to fulfil this criteria?