LP–GP Intelligence
LP–GP intelligence is decision-ready information that maps relationships, fundraising activity, allocations, and engagement signals between limited partners (LPs) and general partners (GPs).
Allocator relevance: It’s the fastest way to answer “who backs whom” and “who is likely to allocate” without relying on guesswork or stale narratives.
Expanded Definition
LP–GP intelligence goes beyond static profiles. It connects LPs to the managers they’ve backed, the vintages and strategies involved, typical check sizes, re-up behavior, and relationship pathways (who introduced whom, who sits on LPACs, which advisors were involved). It also captures the manager side: fundraising status, capacity, and mandate alignment with each LP’s constraints.
In practice, LP–GP intelligence powers fundraising prioritization: target list building, warm intro discovery, and sequencing outreach based on real relationship and behavior signals.
Decision Authority & Governance
Governance requires clear rules on evidence (what counts as confirmed LP–GP linkage), freshness (relationships and roles change), and conflict handling (multiple sources may disagree). Decision authority mapping is essential: LP–GP intelligence should reflect who actually approves allocations and who influences decisions.
Common Misconceptions
- If an LP is “listed” on a GP’s website, the relationship is confirmed.
- A past commitment guarantees a re-up.
- LP–GP mapping is static across team changes and strategy shifts.
Key Takeaways
- LP–GP intelligence is behavior + relationships + timing.
- Attribution and freshness matter more than volume.
- The value is in actionable routing, not just name-matching.