
The Hidden Shift in Venture Capital
Limited Partner (LP) reporting was seen as a backend task for venture capital firms, typically delegated to fund administrators. This made sense at the time: General Partners (GPs) had their hands full, fund admins specialized in compliance, and reporting seemed like a routine obligation. However, things are changing. A growing number of General Partners are choosing to bring LP reporting back in house, transforming it from a template driven, delayed process into a core function of modern VC firms. Why the Change? Because LPs Have Higher Expectations and the Tools to Meet Them Are Here. Let’s explore the key factors behind this shift, and why it’s not just necessary but a strategic move.

Dario Villena
Director