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Fund admin · Fund · As needed

Correct an LP’s record

A wrong LP record, from a duplicate subscription to a wrong classification, is diagnosed, fixed with compliance sign-off, checked against the books and explained to the LP.

PlanCorrect an LP’s record

  1. Read the LP’s records

    Held

    Reads the LP’s invitations and investments, their onboarding details, and their commitments and contributions.

    API action

  2. Diagnose the problem

    Held

    Operator finds the cause, citing the records, and proposes the exact correction. If the records don’t match the reported problem, it stops and changes nothing.

    Operator

  3. Approve the correction

    Held

    A compliance officer reviews the diagnosis and approves the exact change.

    PersonCompliance officer approves

  4. Apply the correction

    Held

    Applies exactly the approved change, such as removing the duplicate subscription, after previewing the record it touches.

    API actionFund admin confirms

  5. Check the books still agree

    Held

    Once the change has posted, Operator checks that the LP’s capital account and the ledger agree, and stops on any difference.

    OperatorWaits 15 minutes

  6. Tell the LP what changed

    Held

    Emails the LP what changed, copying you, once a fund admin has confirmed the message.

    API actionFund admin confirms

The plan as it runs: each step waits for the one before it, and stops at its gate until the owner approves.

At a glance

Who runs it, and when

Who runs it
Fund admin
What starts it
An LP, you or Operator spots something wrong in an LP’s record.
How often
As needed
Vehicle
Fund

Ask Operator

Start it in a sentence

Ask Operator in chat. It drafts the plan for your fund, and nothing runs until you release it.

  • You

    The LP’s subscription in Fund II is duplicated, fix it.

  • You

    Reopen KYC for the LP whose passport expired.

  • You

    This investor is classified as retail but is professional; correct it.

The outcome

The record is fixed with exactly the change compliance approved, the LP’s capital account still ties to the books, and the LP knows what changed.

What it proves

  • Finds the cause in the LP’s own records, and cites them.
  • Changes nothing until a compliance officer has approved the exact correction.
  • Stops without touching anything when the records don’t match the reported problem.
  • Retries a ledger read that fails while the change posts, then checks the books still tie.
  • Shows a junior that one correction was applied; you see the record before and after.
  • Tells the LP what changed, with you in copy.

Run it on your fund

Talk to the team about running this playbook on your own fund.

Talk to a human