How does LP confidentiality work with being on the LPAC? I would assume all LPs would be told who the LPAC members are?
As a part of reporting, do we (need to) 'expose' the entire deal flow (invested in or not) to LPs OR only the ones we have decided to invest in? Are there risks (such as them going direct) if we expose the entire deal flow to the LPs? How sensitive is this deal flow confidentiality topic to engage with LPs and VPs? Or it is pretty much an unwritten trust/relation? Are/do we cover some of these in LPA VPA?