One item a day. Sourced, dated, short.
What changed in fund operations today and why it matters to someone running a fund. Never longer than it needs to be.
Fund administration
Three of the ten fund administration providers we track publish a price
AngelList, Fundwave and FundCount publish what fund administration costs. Seven others quote per fund. What that means for a manager comparing.
Capital calls
If your capital call notice does not match the ILPA template, it gets paid last
LP back offices are built around the ILPA capital call and distribution notice template. A notice in your own format goes to the bottom of the queue.