Hi everyone, I have three quick questions after reviewing the Cornerstone LPA, Compliance Policy, and Valuation Policy as part of Venture Institut:
1. For a small emerging fund, when do you recommend using normal capital calls versus allowing an LP to prefund up to 100% of its commitment?
2. If the Investment Lead also operates a venture studio that may work with companies eligible for Fund investment, what conflict disclosures or approvals should be documented before investing?
3. The LPA requires valuation at least annually, while the Valuation Policy requires quarterly valuation. Should quarterly valuation be treated as the operating standard for LP reporting?
1. For a small emerging fund, when do you recommend using normal capital calls versus allowing an LP to prefund up to 100% of its commitment?
2. If the Investment Lead also operates a venture studio that may work with companies eligible for Fund investment, what conflict disclosures or approvals should be documented before investing?
3. The LPA requires valuation at least annually, while the Valuation Policy requires quarterly valuation. Should quarterly valuation be treated as the operating standard for LP reporting?
