How much information do LPs typically get about performance? Specifically do some LPs require or get detailed information about each company invested in (for instance so that they can disclose what their holdings are)? We are talking to a wealth manager for a group of HNWI and it sounds like they would need regular (annual?) updates about each company in the fund. Is that typical? If so that would probably require quite a bit of admin work on the fund side.
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Do LPs Typically Receive Detailed Information on Each Company Invested in a Fund for Performance Reporting?
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