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LPs.
For family offices, endowments, foundations, pensions and funds of funds investing through external managers.
What we hear from allocators.
The same handful of problems come up whether the program has fifteen managers or eighty.
Every manager reports in a different format
Quarterly reports, capital account statements, capital call and distribution notices arrive as PDFs from dozens of managers, and someone keys them in.
Last quarter’s NAV isn’t next to this quarter’s
The documents sit in SharePoint and the numbers sit in a spreadsheet. Reading them is easy now; comparing them over time is the hard part.
Look-through exposure takes a week
Sector, sponsor and company exposure across every fund means opening every report, every time the committee asks.
The AI working group meets, and nothing ships
Nobody owns AI full time, so it runs on the side of someone’s desk and stalls between meetings.
Nobody can see how staff use AI
There is a Copilot or Claude licence, but no signed policy and no register of who uses what for what.
“Do we need a data lake?”
The lake, warehouse and lakehouse terminology gets in the way of the decision, and nobody on the team can vet the answer.
One workflow, live and measured by day 60.
Month one decides which. These are the three that come up most.
Capital account statements, call and distribution notices and NAV extracted into one record, quarter over quarter, with every number traced to its page.
Sector, sponsor and company exposure across the whole program, ready before the committee asks.
A question set for the AI section of your operational due diligence, so you know which managers are running AI safely and which are guessing.
The 90-Day AI Program.
Month one maps the program and picks the first workflow. It is live by day 60 and measured against today by day 90, and you get a signed AI policy and a plain-English data plan along the way.
I build these records for private markets firms now, starting with the data model: managers, funds, commitments, cash flows and valuations, built so new sources plug in as you add them.