ILPA-compliant​​ notices for partner-level reporting
What’s new?
Partner-level ILPA notices are now available on Carta, making ILPA reporting faster, easier, and more reliable. With this update, you can generate, review, and distribute ILPA notices directly within Carta, at the same time as standard capital call and distribution notices.
What’s important about this change?
For firms, preparing ILPA-compliant notices for LPs is often an additional task alongside standard notices. It can require multiple software tools and manual efforts to book activity and prepare the outputs, adding time and complexity to a firm’s reporting workload.
On Carta, ILPA notices are now automatically generated and distributed at the same time as standard notices, streamlining the process for firms and ensuring all LPs receive them simultaneously.
How does it work?
- Ask your Carta team to switch on ILPA reporting for your fund
- Request a capital call or distribution following the standard workflow
- Review the ILPA-formatted notices in the app alongside the standard notices
- Once approved, the appropriate notices are distributed to your LPs