How VC Firms Are Finally Measuring Their Own Returns

When limited partners ask venture capitalists for their track record, they often get vague numbers or cherry-picked multiples. But a quiet revolution in GP-level performance reporting is forcing VC firms to adopt standards more like the public markets. Lucas and Luna dig into the Institutional Limited Partners Association's new reporting templates, why the IRR versus TVPI debate matters, and how one mid-sized VC firm surprised its LPs by voluntarily adopting a modified time-weighted return calculation. They also explore why a growing number of family offices and pension funds are demanding quarterly net returns—and what happens when firms refuse to comply. This episode is a practical guide to what LPs should look for in their next fund commitment letter. #VentureCapital #LimitedPartners #ILPA #PerformanceReporting #IRR #TVPI #TimeWeightedReturn #GPReporting #LPReporting #FundPerformance #VCReturns #InstitutionalInvestors #FamilyOffices #PensionFunds #Transparency #FexingoBusiness #BusinessPodcast #AlternativeInvestments Keep every episode free: buymeacoffee.com/fexingo