LP Reporting: Keeping Up with LP Requests
Our ability to aggregate the latest data across funds, sectors, and portfolio companies is one of Baxon’s key strengths. When several of our clients requested automations for their LP reporting, we knew we could help.
Commonly, private equity firms meet LP reporting requirements by maintaining a spreadsheet with key information and then using that data to build individual files for each LP. Excel is a powerful tool, but the key problem with using it for LP reporting is that it produces a static picture that requires manual updates. Data sources should be fresh and the output should be dynamic. When data sits on a hard drive, it is already becoming stale.
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