LP reporting
The regular updates a fund sends its limited partners on performance, capital activity, and portfolio progress.
What it is
LP reporting is how a fund keeps its investors informed. It usually means quarterly letters, capital account statements, capital call and distribution notices, and an annual report.
The content varies by fund and by what the LPs negotiated. Most reports cover fund performance, new investments, exits, and how each portfolio company is doing.
What sits behind it
- Commitments. Which LP committed how much, to which fund, through which entity.
- Capital activity. Calls, distributions, and what is left to call.
- Portfolio data. Valuations, key metrics, and updates from each company.
- Distribution lists. Which contacts at each LP receive which documents.
Where a CRM fits
The fund administrator usually owns the numbers. The CRM owns the relationships: who receives the report, who asked a follow-up question, and which LPs might back the next fund.
In Attio, that can look like an LPs object linked to a Funds object, with commitments stored on the link between them. Portfolio updates live on company records, so the reporting team pulls from one place instead of chasing partners for the latest figures.
Why it matters
Late or inconsistent reports cost trust with the people who decide whether to back the next fund. Most of the pain is not the writing. It is collecting data that lives in inboxes and spreadsheets.
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