Where to Allocate Expenses for Attending Port Co Board Meetings: Management or Fund Expenses?

Asked by

Community Member

May 03, 2023

Where to Allocate Expenses for Attending Port Co Board Meetings: Management or Fund Expenses?

Where should we bucket expenses (travel+frugal entertainment) associated with attending port co board meetings? Management Co Expenses or can that be pushed to Fund Expenses?

1 See in Base

Answered by

Community Member

May 03, 2023

You can _technically_ charge stuff like this as a fund expense, but some/most LPs would have a problem with that because that’s part of your job and they are commonly paid from management fees. So, typically those are done at the ManCo level.

Join VC Lab

VC Lab, the leading venture capital accelerator, empowers new and emerging managers worldwide to close ethical, high-performing funds in under six months. The program provides cutting-edge tools, expert mentorship, and a global network to raise more money in less time. Apply if you want to build a meaningful venture capital firm.

Apply Now

VC Lab

LP Institute

Venture Institute

Decile Hub

Decile Pro

Start Fund

Decile Partners

Decile Capital

Where to Allocate Expenses for Attending Port Co Board Meetings: Management or Fund Expenses?

Join VC Lab