Alumni Ventures Moving to Quarterly Updates
This system will help trim the number of emails we send to our investors about portfolio changes and provide more convenient, consolidated updates and distributions.
As of January 2022, we will be switching from real-time valuation updates and distributions to quarterly updates. This system will simplify notifications for both you and Alumni Ventures.
AV tracks fluctuations in the value of all holdings as we learn about funding, exit, or liquidation events. This won’t change. But due to our volume, and the long-term nature of the asset class, we are moving to a policy of making investor-facing updates to portfolio valuations and distributions on a quarterly basis. This will help trim the number of emails we send you on portfolio changes and give you a more convenient, consolidated update/distribution.
Here’s How It Will Work
- Valuation updates: Up round and down round changes, made in accordance with AV’s valuation policy, will now be reflected in your online investor portal in the first or second month of a quarter — showing updates that occurred in the previous quarter. We will notify you when the updates have been made and are available.
- Exits & material events memos: You will also find detailed information in the Documents tab of the Investor Portal on any exits that occurred in the previous quarter. We publish a memo for each qualifying event, and a quarterly summary of distributions for each impacted fund vintage.
- Distributions: Relevant fund investment distributions owed to investors will now be transferred on this same quarterly schedule. You will receive either a check or electronic transfer based on your expressed preference. All impacted investors will receive a green envelope in the mail with details of what the check or deposit is related to. We strongly recommend electronic transfer, so if you would like to check or update the preference listed with your account, connect with us at [email protected].
On rare occasions, there might be exceptions to this quarterly cadence. If there is, we will email you with a note (and possible distribution) to explain the circumstances.
This policy went into effect on January 1, 2022. Q1 distributions and valuation updates will be sent and communicated between mid-April and mid-May 2022.
You will still receive regular updates about your portfolio and investments via your email newsletters and your Venture Club.
Contact [email protected] for additional information. To see additional risk factors and investment considerations, visit av-funds.com/disclosures.