LP voting and investor consent for alternative investment funds is framed as a process that goes well beyond sending a proposal and tallying replies: fund teams must identify eligible investors, show what was presented, choose a consent methodology, weight votes, handle non-response, and preserve a full audit trail. SEBI’s June 30, 2026 consultation paper pushes for standardisation by proposing three consent methodologies - deemed consent (non-response counted as approval), present-and-voting (only participants counted), and express voting for approval (only explicit approvals counted against total value) - and requiring disclosures on method, thresholds, non-response treatment and recordkeeping. An illustrative split (30% for, 10% against, 60% non-participation) produces vastly different approval outcomes under each method (90%, 75%, and 30%), underscoring why methodology choice matters.
The practical workflow described links fund and LP records to run compliant, auditable votes. Teams draft the matter with regulatory and PPM references, select LPs with committed amounts snapped to the vote, and lock voting rules: consent methodology, voting basis (one‑LP‑one‑vote, by units, or by value), approval threshold and window. Requests are sent via email and an LP portal; responses (approve/reject/abstain) are OTP‑verified, timestamped and IP‑logged and cannot be edited. Reminders, real‑time tracking, automatic weighted calculations, and PDF/CSV exportable reports remove spreadsheet reconstructions and preserve the end‑to‑end history, while legal and compliance retain responsibility for rule selection.
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