Venture capital portfolio management
- Position value at the fund's mark, dollars
- $7,200,000
- Unrealised gain on the position, dollars
- $3,200,000
- Gross multiple on cost for this holding
- 1.8
Every figure on this page is computed from the inputs entered, by the method stated below it. LPreportly publishes no valuation, no benchmark multiple, no target growth rate and no loss ratio of its own: the marks, the KPIs and the ownership are your fund's own figures.
Venture capital portfolio management is the discipline behind a venture fund's quarterly review: what the fund holds, what each company reported this quarter, what each position is worth at the fund's mark and what multiple that is on cost, and how the portfolio reads as a whole once the realised exits sit beside the paper marks. It is a discipline of many small positions, most of them unrealised for years, so the KPIs carry the review and the marks move rarely. This guide walks the four questions a venture portfolio lead answers each quarter and the record that makes them lookups, and the free portfolio monitoring worksheet on this site works one position from your own cost, ownership and mark with no account.
Open the Portfolio monitoring worksheet Free to use. No account, no card, no trial clock.
What the fund holds, and what each company reported
Every holding with its cost and the fund's ownership, and the KPIs the company reported this quarter filed against it: revenue, cash, burn, headcount. The KPI request goes out, the numbers come back in a different shape from each company, and the record is where they land in one shape.
What each position is worth, at the fund's mark
Ownership times the company's value at the fund's mark, less cost, over cost: value, unrealised gain, gross multiple. The mark is the last round's post-money or the fund's valuation policy, never the worksheet's; the worksheet works the arithmetic and publishes no valuation.
How the portfolio reads as a whole
Realised exits beside the paper marks: gross, realised and unrealised multiples, the unrealised share of value, the largest position's share and the loss ratio. A venture portfolio's unrealised share reads high for years and its loss ratio is expected to be real; the worksheet shows both rather than hiding them.
Venture capital portfolio management: what portfolio teams ask
What does venture capital portfolio management involve each quarter?
Collecting each company's KPIs, marking each position at the fund's policy, working each position's value and multiple, and reading the portfolio's multiples, concentration and losses. LPreportly works the arithmetic free and keeps the holdings, marks and KPIs for $79 a month.
Where do the marks come from?
From the fund's own valuation policy: usually the last priced round, adjusted where the policy says. LPreportly takes the mark as an input and publishes no valuation method; valuing a company by method is another venture's subject.
Does this cover reporting to the fund's LPs?
No. The investor update, capital calls and LP reporting are the relationship venture's product at rapportvo.com. This hub is the holdings' side of the same fund.
Will the Venture capital portfolio management fit how your fund marks its holdings?
Tell us what your portfolio review needs and we will tell you straight whether LPreportly Pro does it today, whether it is coming, or whether you need an administrator or a valuation firm instead. A person reads these and replies.