The LP Communication Playbook: Building Trust Through Transparency
How top fund managers communicate with LPs — from quarterly reports and annual meetings to difficult conversations about markdowns and underperformance.
·1 min read
The LP Communication Playbook: Building Trust Through Transparency
The number one complaint LPs have about emerging managers is poor communication. Not bad returns — bad communication. A fund that's underperforming but transparent will retain LP support. A fund that's outperforming but silent will lose LPs at re-up.
This playbook covers every communication touchpoint between GPs and LPs: what to say, when to say it, and how to handle the conversations most emerging managers get wrong.