Case Study: Northern Light Venture Capital (NLVC) achieves higher LP satisfaction and real-time reporting with Carta

How NLVC manages funds and works with LPs in China and the US

Northern Light Venture Capital (NLVC), founded in 2005 with $4.5B under management, is an international venture fund focused on connecting the US and Chinese tech markets. NLVC struggled to deliver frequent, detailed metrics to limited partners (LPs) — annual reports weren’t enough and time constraints made more regular reporting difficult — so they engaged Carta (using Carta Fund Admin) to improve LP reporting and transparency.

Carta implemented its fund administration platform and services, giving NLVC a self‑service LP portal, real‑time IRR and up‑to‑date metrics, and an experienced fund accounting and LP management team. As a result, NLVC’s LPs report much higher satisfaction, can log into Carta to get the information they want anytime, and NLVC can provide more regular, transparent reporting across its US and China funds.

NLVC

Jeffrey Lee

Managing Director