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Do LPs Typically Receive Detailed Information on Each Company Invested in a Fund for Performance Reporting?

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.

Top answer:

The larger the fund, the bigger the reporting requirements. Yes, it’s not uncommon for LPs to require detailed info about each company. This is typically done monthly. In addition, there are also annual reporting requirements too. In...

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What are the rules, expectations, and norms on communicating fund holdings and deals to LPs?

What are the rules, expectations, and norms on communicating fund holdings and deals to LPs?

Top answer:

The goal is to communicate on a regular schedule to set expectations about communication with LPs, otherwise some will start demanding heavy communication. I would look to send one good update once a quarter, a larger update at the end o...

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