Carta manages your cap table. Nobody manages your LP report. Until now.
Ledgerly connects to Carta and generates ILPA-compliant quarterly LP reports automatically — no Excel, no reconciliation, no 3-week close.
Your firm is already paying Carta $15–35K/year.
It still doesn't generate your LP report.
| Cost item | Carta (fund with 3 SPVs) | Ledgerly Starterflat annual |
|---|---|---|
| Base cost | $14,725–$15,250/yr | $18,000/yr |
| Per-entity fees | +$9,600–$24,000/yr | $0 |
| Annual price increase | 5–10% auto-escalation | Fixed |
| LP reports generated | 0 (Excel required) | Quarterly, automated |
| All-in year 1 | $24,325–$39,250 | $18,000 |
Carta cost range based on 679 verified contracts (source: Vendr / Negotiatus benchmarks) plus $200–$500/mo per SPV entity.
What Carta can't do for your LPs
Carta is built around the company cap table, not the fund reporting layer. That gap is structural — not a roadmap item.
| Capability | Carta | Ledgerly |
|---|---|---|
| Multi-entity LP rollup (fund + SPVs)Carta: Excel requiredLedgerly: Native | ||
| ILPA-compliant report templates | ||
| Automated LP delivery (email + portal)Carta: Manual PDF emailLedgerly: SendGrid + authenticated portal | ||
| Scenario modeling (exit / carry) | ||
| Compliance audit & flagging | ||
| Transparent flat pricingCarta: Custom quote + 5–10% annual escalationLedgerly: Published tiers, flat | ||
| Onboarding timeCarta: Weeks (sales process)Ledgerly: Same-day |
Built for emerging managers — not enterprise funds
Funds in the $50M–$300M AUM range. Small teams, no dedicated IR staff. Already paying for Affinity and Carta. Drowning in quarterly LP reporting overhead with no purpose-built tool to solve it.
Carta is a data source. Ledgerly is the report.
You don't have to choose between them. Ledgerly connects directly to Carta, pulls your fund data, and generates a compliant, branded LP report — no export, no Excel, no reconciliation. Keep Carta for what it does well. Use Ledgerly for what it can't.
Get your first LP report live in days — not weeks
Join the waitlist and we'll send you a sample LP report built from data like yours. No sales call required.
Join the waitlist — see a sample LP reportStarter plan: $1,500/month · No per-entity fees · No renewal escalation