Basis produces LP and IC reporting as part of the managed oversight service — built continuously from the monitoring work done throughout the cycle. Consistent format, defensible valuations, and portfolio company summaries prepared ahead of each reporting deadline.
The difference is whether evidence and analysis were built throughout the cycle or assembled at the end of it.
| Area | In-house / deal team | Basis Partners |
|---|---|---|
| Valuation evidence | —Assembled at quarter-end. Methodology is often retrospective and the supporting data incomplete when challenged by auditors or LP questions. | ✓Built continuously from monthly monitoring. IPEV-aligned evidence packs exist before the quarter-end conversation begins — not constructed after it starts. |
| Report consistency | —Varies with team capacity, deal flow pressure, and staff turnover. Format and depth depend on who writes it this quarter. | ✓Consistent format, structure, and depth each cycle — regardless of internal capacity or competing demands on the deal team. |
| IC-ready briefs | —Prepared for IC meetings as needed. No standing view of portfolio company performance maintained between meetings. | ✓Produced each cycle. Company briefs include current performance vs. plan, thesis status, and open issues — ready for IC review without same-week preparation. |
| Watch-list memos | —Drafted when a company escalates to formal concern. The evidence and analysis are built reactively — not from a record of ongoing monitoring. | ✓Built from the ongoing monitoring record. Watch-list memos reflect a documented history of what was tracked, when it was flagged, and what actions were taken. |
| Timeliness | —Quarter-end pressure frequently means reports are late or submitted with known gaps. LP communication is reactive rather than managed. | ✓Reporting is prepared ahead of each cycle deadline. LP packs are ready before the reporting date — not submitted the day the deadline expires. |
| Fund-level commentary | —Aggregated at quarter-end from individual company data. Attribution, performance drivers, and portfolio narrative are written under time pressure. | ✓Fund-level MOIC, DPI, TVPI, and IRR commentary produced from the continuous monitoring record — with attribution narrative and portfolio trends documented throughout the cycle. |
A complete portfolio summary prepared for LP distribution — covering fund-level performance, portfolio company highlights, key developments, and the monitoring narrative for the quarter.
Concise, structured briefs on each portfolio company — performance vs. plan, thesis status, open issues, and recommended actions — ready for investment committee review without same-week preparation.
IPEV-aligned valuation evidence built continuously from monthly monitoring — ready for auditors, LPs, and internal IC before the quarter-end conversation begins, not assembled after it starts.
Structured IC memos for companies on the watch-list or requiring formal escalation — built from the documented monitoring record of what was tracked, flagged, and acted on.
Company-level valuation narratives — explaining the movement in each mark since the last period, the evidence supporting the current position, and the key drivers of valuation change.
A structured attribution of fund-level performance across vintage, sector, and investment stage — with narrative on what drove returns in the period and how the portfolio is tracking against target MOIC.
Let us show you what the first LP reporting pack looks like on your actual portfolio.