LPs are now in the waiting period ahead of receiving Q4 reports. While most reports will start trickling in by March, LPs can get ahead by organizing workflows, reconciling historical data, and tracking fund portals.
At Tetrix, we work with limited partners every day to enhance data collection and insights. Here’s a simple checklist to ensure you’re ready:
☑️ List out the fund reports you expect (financial statements, capital account statements, etc.)
☑️ Keep a tracker of typical delivery timelines for each GP
☑️ Set up reminders to follow up if reports are delayed
💡 Tip: Use Tetrix’s reporting tracker for a clear, real-time view of fund reporting status
☑️ Ensure all cash flows align with internal records for Q4
☑️ Flag any missing or inconsistent transactions
💡 Tip: Automate capital call and distribution tracking with Tetrix to reduce errors and save time
☑️ Identify which funds had significant activity in Q4 (distributions, markdowns, etc.)
☑️ Compare preliminary NAV estimates to prior quarters
💡 Tip: Create a list of GP-specific questions to send in advance. On the Tetrix platform, you can quickly view capital account activity with just a few clicks.
☑️ Track which funds issue K-1s
☑️ Align with tax advisors to prep for filings
💡 Tip: K-1s often arrive late — build in buffer time for tax reporting.
☑️ Review upcoming capital call and distribution schedules
☑️ Assess liquidity needs for potential rebalancing
☑️ Coordinate with treasury and finance teams on upcoming cash flow obligations
💡Tip: Conduct a proactive liquidity review to ensure you can meet capital commitments without scrambling. Use Tetrix’s Deployment Pace tool to run various scenarios and plan for future quarters.
Taking proactive steps now will help prevent delays, improve data accuracy, and streamline the Q4 review process. Want to simplify your reporting workflow? Book a demo today. Tetrix automatically collects your reporting documents and alerts you, handling the prep work for you.
© 2024 Tetrix Inc.