LP portal — quarterly updates
What's new
LPs with portal access can now view structured quarterly updates directly in DealRecord.
Each quarterly update includes:
- Portfolio snapshot — current positions, follow-on activity, exits
- Key decisions — IC sessions run this quarter, decisions made, rationale summaries
- New deals seen — pipeline activity with thesis scores (not full memos)
- Thesis calibration — how your thesis criteria have been updated and why
- Concentration and risk summary — portfolio construction overview
How updates are generated
Quarterly updates are generated from your DealRecord activity — they're not a separate form to fill out. If you've been running IC sessions and logging decisions, the update content is already there.
To publish a quarterly update:
- Navigate to Reports → Quarterly Update
- Review the auto-generated draft
- Add any qualitative context you want to include
- Publish to the LP portal
LPs receive an email notification when a new update is available. They log in to the portal to view it — nothing is sent in the email body.
LP portal access
LP portal access is separate from manager accounts. Invite LPs from Settings → LP Access. LPs see only what you explicitly publish — deal memos, IC transcripts, and other materials remain private unless shared directly.
What LPs actually see
The LP portal is intentionally minimal. LPs log in to a clean view of published materials — no internal deal flow, no unpublished memos, no draft IC sessions. They see only what you explicitly choose to publish.
The quarterly update is designed to answer the questions LPs ask most often without requiring a call:
- Is the fund deploying at the expected pace?
- Are decisions being made consistently with the stated thesis?
- What's the current portfolio construction look like?
- Have any assumptions changed since the last update?
Managers who publish consistent quarterly updates report fewer ad-hoc LP requests for status calls and data pulls. The update format exists to make your process legible — which is the same thing LPs are evaluating when they consider re-upping for Fund II.
Availability
Available on Growth and above plans. LP portal invitations: Settings → LP Access.