Initial communication with the Limited Partner (LP)
2
Sending due diligence request list to LP
3
Collecting due diligence documents from LP
4
Verify due diligence documents of LP
5
Approval: Verification of Due Diligence Documents
6
Sending partnership agreement to LP
7
LP signs the partnership agreement
8
Reviewing and executing the signed partnership agreement
9
Approval: Execution of Partnership Agreement
10
Setting up LP’s account in the venture capital management system
11
Providing training on how to use the venture capital management system
12
Setting up the scheduling for financial reporting
13
Verification of correct financial reporting scheduling
14
Approval: Financial Reporting Schedule
15
Sending welcome packet and investment paperwork to LP
16
LP completes and returns the investment paperwork
17
Verifying the completed investment paperwork
18
Approval: Investment Paperwork
19
Introducing LP to the partnership team
20
First capital call notice to LP
21
Confirm LP has received the first capital call notice
22
Approval: First Capital Call Notice
Initial communication with the Limited Partner (LP)
Reach out to the Limited Partner (LP) to initiate the onboarding process. Provide an overview of the onboarding process, explain the importance of their involvement, and answer any questions they may have.
Sending due diligence request list to LP
Send the Limited Partner (LP) a list of due diligence documents required for onboarding. Explain the purpose of each document and provide instructions on how to submit them.
1
Financial statements
2
Background check report
3
References
4
Passport copy
5
CV/Resume
Collecting due diligence documents from LP
Receive the due diligence documents from the Limited Partner (LP). Follow up with the LP to ensure timely submission.
Verify due diligence documents of LP
Review and verify the due diligence documents submitted by the Limited Partner (LP). Ensure all required documents are present and meet the necessary criteria.
Approval: Verification of Due Diligence Documents
Will be submitted for approval:
Verify due diligence documents of LP
Will be submitted
Sending partnership agreement to LP
Send the partnership agreement to the Limited Partner (LP) for review and signing. Include instructions on how to submit the signed agreement.
LP signs the partnership agreement
Confirm that the Limited Partner (LP) has reviewed and signed the partnership agreement.
Reviewing and executing the signed partnership agreement
Review the signed partnership agreement and execute it on behalf of the venture capital firm. Ensure all necessary parties have signed the agreement.
Approval: Execution of Partnership Agreement
Will be submitted for approval:
Reviewing and executing the signed partnership agreement
Will be submitted
Setting up LP’s account in the venture capital management system
Create an account for the Limited Partner (LP) in the venture capital management system. Provide login credentials and instructions on how to access the system.
Providing training on how to use the venture capital management system
Offer training to the Limited Partner (LP) on how to navigate and utilize the venture capital management system effectively. Provide guidance on accessing relevant features and resources.
Setting up the scheduling for financial reporting
Set up a schedule for financial reporting with the Limited Partner (LP). Determine the frequency, preferred method of communication, and reporting templates to be used.
1
Monthly
2
Quarterly
3
Bi-annually
4
Annually
1
Email
2
Phone call
3
Online portal
Verification of correct financial reporting scheduling
Verify the accuracy of the financial reporting schedule established with the Limited Partner (LP). Confirm that all necessary details and preferences have been accurately recorded.
Approval: Financial Reporting Schedule
Will be submitted for approval:
Verification of correct financial reporting scheduling
Will be submitted
Sending welcome packet and investment paperwork to LP
Send a welcome packet and investment paperwork to the Limited Partner (LP). Provide an overview of the partnership, investment opportunities, and instructions for completing the paperwork.
LP completes and returns the investment paperwork
Confirm that the Limited Partner (LP) has completed the investment paperwork and returned it as instructed.
Verifying the completed investment paperwork
Review and verify the completeness and accuracy of the investment paperwork submitted by the Limited Partner (LP). Ensure all necessary documents have been provided and all information is correct.
Approval: Investment Paperwork
Will be submitted for approval:
Verifying the completed investment paperwork
Will be submitted
Introducing LP to the partnership team
Introduce the Limited Partner (LP) to the members of the partnership team. Provide background information on each team member and their roles within the venture capital firm.
First capital call notice to LP
Send the Limited Partner (LP) the first capital call notice, indicating the amount to be invested and the deadline for submission.
Confirm LP has received the first capital call notice
Confirm with the Limited Partner (LP) whether they have received the first capital call notice. Ensure they are aware of the amount to be invested and the submission deadline.
Approval: First Capital Call Notice
Will be submitted for approval:
Confirm LP has received the first capital call notice
