Australian venture capital firms have significant room for improvement when it comes to transparency with their investors, with only a few doing it well, according to a global limited partner (LP) involved with multiple Australian funds.
Vincent Lu, partner at Boman Group, told Capital Brief that the last thing it wants to do is investigate an investment made by a venture partner, but warned there were times when it had no choice.
“It is rare,” Lu said. “But this can sadly be the case when we feel the information given to us is insufficient and a lack of clarity won’t be tolerated by our investors.”
Vincent Lu, partner at Boman Group. Supplied.
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