How LPs Audit GP Information Rights in Fund Documents

In this episode of The Venture Capital Investor Podcast, Lucas and Luna dig into information rights clauses in limited partnership agreements—the provisions that determine what data LPs can demand from GPs, how often, and under what conditions. They use the example of a mid-sized tech fund that tried to water down quarterly reporting to a semi-annual cadence, and how a group of LPs pushed back with a specific carve-out for portfolio company revenue metrics. The conversation covers the standard information rights package, the art of negotiating side letter language, and the practical realities of what information LPs actually need versus what they are contractually entitled to. Lucas explains why the 'no less favorable' clause for information rights is a common but misunderstood provision, and Luna shares a story about a pension fund that used information rights to catch a GP's valuation mismatch. Listeners will come away with a clear picture of how information rights work in practice and why they matter for limited partner oversight. #InformationRights #LPA #LimitedPartnershipAgreement #LPDueDiligence #VentureCapital #GP #LP #FundDocuments #SideLetters #Reporting #Oversight #Finance #Business #FexingoBusiness #BusinessPodcast #VentureCapitalPodcast #StartupInvesting #FundLegal Keep every episode free: buymeacoffee.com/fexingo