Lpx

LPx is a private fund reporting and investor relations platform aimed at the alternative investment space. The product consolidates back-office fund administration, investor communications, CRM and investor reporting into a single system with one login, so that in-house investor relations staff and outsourced fund administrators work from the same data set instead of reconciling separate lists and tools.

Core capabilities described by the company include streamlined fund administration with real-time updates and editable user access, centralized investor relations across departments, a single page for managing complicated user access and permissions rather than nested settings, bulk uploads for high-volume periodic reporting, and standardized capital account statements across multiple fund strategies. Limited partners get 24/7 self-service access to their investment information and can update contact details, users and granular permissions without contacting the GP or administrator; multi-factor authentication is enabled. The company positions the platform as usable without training and as something that can be plugged into an existing process or adopted as a starting point.

Business model

LPx is offered as a business-to-business software-as-a-service platform sold to fund managers, fund administrators and their investors, with prospects entering through a demo request on the company website. It is positioned as a B2B SaaS company at the seed stage in a startup directory listing.

Traction

Company materials cite more than 170 investment vehicles represented, over 3,400 active monthly users and $3.7 billion in assets reported on, along with 200+ clients, 500+ completed projects, a 99% satisfaction rate and a team of more than 30 people.