Internal Reviews and Control

This article contains the information about internal reviews and controls that should be established to ensure that the interests of LPs are protected and the terms of the relevant agreements adhered to.

Internal Reviews and Control


LPs place a high degree of trust in a GP, committing their capital and in effect “locking it up” over the medium to long term.

The best assurance and control mechanisms for an LP are the regular flows of information, communication and face-to-face meetings with GP’s senior management. Formal procedural steps should however also be put in place that provide a reasonable level of assurance that the terms of the agreements and any particular laws are being adhered to.

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Alternative Investment Fund (AIF) is the best solution for making collective venture capital investments and organising investor funds in stocks, bonds, commodity indices, derivatives, currencies, cryptocurrencies, real estate and other financial assets.


A GP should make provision for internal review procedures which allow the board of the GP to gain a high level of comfort that the terms of the agreement with any LP or customer and any applicable legal requirements are being followed.

These procedures should be overseen by a member of staff of sufficient seniority and independence and with sufficient resources to ensure that they are undertaken effectively.