For allocators. By invitation.

Most of your year goes to the funds you decline.
That is the part nothing helps with.

Not the handful you commit to. The rest — each one owed a reading careful enough to be fair to the manager, and fast enough that the reading does not become the year.

Forward any of them to your own address at lp.gp. Inside 90 seconds you get one page: fit against the mandate you wrote down, every figure traceable to the page it was read from, and what your peer set has done about this fund, once enough of them have.

An illustration. Kestrel Ventures is not a real firm and the figures below are invented — rendered through the same component the product uses, so what you see is the layout, not a claim about anyone.

Kestrel Ventures III

Kestrel Ventures · Fund 3 · 2026 vintage · Venture · Seed / Series A · B2B software · DACH, Nordics

Target

€120Mp3

Fit against your mandate

  • strategyVenture — core mandateFits
  • stageSeed / Series AFits
  • geographyDACH, Nordics — overlaps DK, FI, NO, SE, wider than your mandatePartial
  • cheque€5M against a €120M fundFits
  • pacingThis would take you to 83% of your 2026 budget; forecast calls peak Q2-27 at €6.4MPartial

Track record

FundVintageTVPIDPI
Kestrel I20182.41xp140.62xp14
Kestrel II20211.38xp150.04xp15
Angel trackgross20143.10xp17

As of 2026-03-31

Exposure overlap

  • Northvale II Nordics seed, 2024 vintage
No realized DPIKey-person risk

6 allocators in your peer set hold this fund in pipeline. <5 have passed.

Among European family offices under €1B. Never who — that is a hard rule, and it is why they use us.

Read with low confidence, worth checking against the deck: Angel track TVPI.

Start here

The numbers we refuse to show you.

A card tells you how many allocators in your peer set hold a fund and how many passed. Never who. Never a figure drawn from fewer than 5 distinct organizations — and below that line the block is simply not there, in either direction. We do not report that a cohort is quiet, because how quiet it is would itself be the figure we refused to show.

A count of one is a name. So a single pass inside a thin cohort reads as “fewer than 5”, and the figures you are shown are held still for thirty days — otherwise anyone patient enough to reload the page could watch a mean move and work out what the newest contributor said.

None of this is a setting. It is enforced in the database, underneath the application, and tested from the attacker’s side — by people trying to make it leak rather than trying to make it pass.

What arrives

One page you can hand to your investment committee.

Not a summary. A reading, with its sources attached.

Every figure names its page
A TVPI you cannot click through to page fourteen is a TVPI we do not print. Where the deck is ambiguous about net versus gross, the card says unverified rather than choosing for you.
Fit against your own mandate
Strategy, stage, geography, cheque size, and pacing — measured against the mandate you wrote, not a generic score. Where a fund trips one of your hard excludes, that is the first thing you read.
Your existing exposure
What this fund would overlap with in the book you already hold. This one is computed from your data alone, so it works on your first day, before any peer has said anything.
Pacing, against real forecasts
What this commitment would do to your budget, and when the calls are likely to land — projected from your own history and from how comparable funds have actually drawn. Where there is not enough history, it says so instead of drawing a straight line.

The habit

Clear forty inbounds without opening a tab.

Your address answers to three verbs. Forward and act in one motion, from the phone, between meetings.

you+pass@lp.gpPass
A short decline goes out under your own name, threaded to the original, with a reason the GP can actually use. Drafted for your approval until you have sent ten without editing them — and where your mandate does not make the reason obvious, it asks you rather than inventing one.
you+watch@lp.gpWatch
Filed without a reply. When a later deck shows the fund has held a close, moved its terms or lost a founding partner, it comes back in the digest at 07:30 your time — and only then. We do not invent news about a fund nobody has sent us anything new about.
you+dd@lp.gpDiligence
Opens the file: full extraction, overlap against your book, and peer references where enough allocators have contributed to show them.

Written first

We published the constraints before we held anyone’s data.

Ten clauses, versioned in public. Any material change takes sixty days’ notice and gives you termination, full export and a pro-rata refund — as does any breach of it, immediately. Each clause names the file that enforces it, so the promise and the mechanism can be read together.

  • We do not sell, license, rent or share identifiable customer data.
  • We do not compete with you. No placement, no brokerage, no carry.
  • Your pipeline is yours. Our staff cannot read it except on your written, per-incident request — and every such access appears in your own audit trail.
  • A GP never learns that a particular allocator is looking at them.
  • Nothing is shown that rests on fewer than 5 organizations.
  • References are structured, never free text, and attributed to no one.
  • No model is trained on your data, by us or by anyone we use.
  • You can leave with everything, self-service, on any plan.
  • Your data is held in the European Union.
  • An independent review against these clauses every year, published in full — including the findings.
Read all ten, and what enforces each →

Where this is weak

For a while, the peer column will be mostly empty.

A network is worth nothing until enough of the right people are in it, and we would rather be plainly useless to you for a season than useful on a number drawn from three organizations. So we open one segment at a time and stay shut until that segment is dense enough to mean something.

Everything that works from your own data — the extraction, the mandate fit, the exposure overlap, the pacing, the declines — works from the first message you forward. The peer column fills in behind it.

Currently opening to European family offices and fund-of-funds under €1B. If that is not you, say so anyway — it tells us which segment to open next.

Request an invitation