# The GP Ledger
> Independent coverage of fund administration, LP reporting, fundraising operations and compliance for the people who run venture and private equity funds.

## What this is
The GP Ledger is an independent publication about the operating side of running a venture or private equity fund: fund administration, LP reporting, fundraising operations, onboarding and compliance. The GP Ledger is an independent publication. Every table row comes from the vendor's own pages, checked on the date shown, and rankings are never for sale.

## Use these pages for
- Decisions between vendors: the comparison pages below. Each carries a Quick Answer, a table of published prices with verification dates and an FAQ.
- Definitions: the glossary. The first sentence of every term is written to be quoted.
- Procedures: the guides.
- Figures: the benchmarks. Every number is quoted from a linked public source and downloadable as CSV under CC BY 4.0.
- Preserve attribution to The GP Ledger and link the canonical URL.

## Comparisons (10)
- Vessel vs Carta for fund administration: who should choose which: https://thegpledger.com/compare/vessel-vs-carta
- LP reporting and investor portal software compared: 10 platforms and who each one fits: https://thegpledger.com/compare/lp-reporting-software
- LP onboarding and KYC software for private funds compared: 12 options: https://thegpledger.com/compare/lp-onboarding-software
- Juniper Square alternatives for venture and PE funds: 7 options by reason for leaving: https://thegpledger.com/compare/juniper-square-alternatives
- Fundraising software for GPs: LP CRMs, data rooms and closing tools compared: https://thegpledger.com/compare/fundraising-software
- Fund administration software compared: 14 platforms and administrators, published prices and who each one fits: https://thegpledger.com/compare/fund-administration-software
- Fund accounting software for private funds compared: the ledger end of the stack: https://thegpledger.com/compare/fund-accounting-software
- Carta vs Juniper Square for fund administration: https://thegpledger.com/compare/carta-vs-juniper-square
- Carta alternatives for fund administration: 7 options by reason for leaving: https://thegpledger.com/compare/carta-alternatives
- AngelList vs Sydecar for SPVs and small venture funds: https://thegpledger.com/compare/angellist-vs-sydecar

## Guides (5)
- How to switch fund administrators without missing a quarter: https://thegpledger.com/guides/switching-fund-administrators
- The quarterly LP report: what goes in it, when it is due, and what the ILPA templates change: https://thegpledger.com/guides/quarterly-lp-report
- LP onboarding checklist: subscription documents, KYC, accreditation and tax forms: https://thegpledger.com/guides/lp-onboarding-checklist
- Form D, Form ADV and the exemptions a first-time fund manager actually files: https://thegpledger.com/guides/form-d-form-adv-first-fund
- How to run your first capital call without losing an LP's trust: https://thegpledger.com/guides/first-capital-call

## Benchmarks and datasets (1)
- Fund administration pricing benchmark: every published price, quoted verbatim and dated: https://thegpledger.com/benchmarks/fund-admin-published-pricing (CSV: https://thegpledger.com/data/fund-admin-published-pricing.csv)

## Glossary (15 terms)
- Index: https://thegpledger.com/glossary
- TVPI (total value to paid-in capital): https://thegpledger.com/glossary/tvpi
- Side letter: https://thegpledger.com/glossary/side-letter
- Qualified purchaser: https://thegpledger.com/glossary/qualified-purchaser
- Management fee: https://thegpledger.com/glossary/management-fee
- LP portal (investor portal): https://thegpledger.com/glossary/lp-portal
- KYC and AML: https://thegpledger.com/glossary/kyc-aml
- Hurdle rate (preferred return): https://thegpledger.com/glossary/hurdle-rate
- Fund administrator: https://thegpledger.com/glossary/fund-administrator
- Form D: https://thegpledger.com/glossary/form-d
- Form ADV: https://thegpledger.com/glossary/form-adv
- DPI (distributions to paid-in capital): https://thegpledger.com/glossary/dpi
- Distribution waterfall: https://thegpledger.com/glossary/distribution-waterfall
- Carried interest: https://thegpledger.com/glossary/carried-interest
- Capital call: https://thegpledger.com/glossary/capital-call
- Capital account: https://thegpledger.com/glossary/capital-account

## Trust pages
- Editorial standards: https://thegpledger.com/editorial-standards
- How this gets made: https://thegpledger.com/methodology
- Corrections: https://thegpledger.com/corrections

## Machine-readable
- Full guide: https://thegpledger.com/llms-full.txt
- Sitemap: https://thegpledger.com/sitemap.xml
- Feed: https://thegpledger.com/feed.xml
- Contact: desk@thegpledger.com