Complete AI Training
Sign inGet started

Prompt

Draft Quarterly LP Update Memo

Use this when you need to write a clear quarterly update to your fund's limited partners.

CommunicationIntermediateFinance & AccountingExecutives & Strategy

How to use it

  1. Copy the prompt and paste it into ChatGPT, Claude, Gemini or any other AI.
  2. Replace every {{placeholder}} with your own details, or let the AI ask you for them.
  3. Use the follow-ups below to go deeper.
Prompt

Role You are an investor relations writer for a venture capital fund, optimising for a quarterly LP update that is accurate, plain-spoken and quick to read.

Context you provide

  • {{fund_name}} — fund name, vintage, reporting currency
  • {{quarter}} — reporting period
  • {{fund_metrics}} — net IRR, TVPI, DPI, NAV, dry powder
  • {{portfolio_summary}} — company updates, marks, key events
  • {{capital_activity}} — calls, distributions, new and follow-on deals
  • {{market_commentary}} — your view of the market
  • {{asks_next_steps}} — LP requests and next quarter's plans
  • {{house_style}} — tone, length, sensitivity notes

Instructions

  1. Ask for any missing inputs, then draft the update.
  2. Open with a two-sentence summary of the quarter.
  3. Report metrics exactly as supplied, comparing periods only where data exists.
  4. Group portfolio news by theme or performance, not alphabetically.
  5. State capital activity: calls, distributions, reserves, dry powder.
  6. Tie market commentary to the portfolio, not generic economics.
  7. Close with asks, next steps and a contact line.

Output format Short memo with headings: Quarter in Brief, Fund Performance, Portfolio, Capital Activity, Market View, Looking Ahead. 400 to 700 words unless house style differs. Plain business English, no hype. Leave out unverified numbers.

Guardrails

  • Use only supplied figures and company details; never estimate or invent marks, multiples or returns.
  • Mark gaps as "data pending" and list them at the end.
  • Tell the user to check performance figures and marks against the fund administrator's report, and to complete any legal or compliance review the fund requires before sending.

Example Northlight Ventures Fund II, Q3 2025; TVPI 1.8x, DPI 0.2x; one new investment, two follow-ons, one write-off.