OCV’s COO is responsible for fund administration activities as supported by the legal team, fund administrator, and tax team.

Legal Team

OCV’s legal team prepares and manages:

• Fund formation documents and filings
• GP entity and management company operating agreements
• LP subscription agreements
• Carried interest grants and tracking

Fund Administrator

OCV’s fund administrator manages:

• GP / LP capital calls and distributions
• Fund, record, and track OCV investments
• Fund return and metrics calculations

Tax Team

OCV’s tax team will prepare:

• Tax returns for OCV management company
• OCV funds (issuing K-1s, etc.)

Investor (LP) Reporting and FMV Adjustments

OCV Fund I provides our LPs unaudited financials in Q1 of each calendar year for the prior calendar year.

As of Q1 2024, OCV does not adjustment FMV assessments of our holdings until the completion of (1) a new financing round at the company; or (2) a realized gain (i.e. company exit) / loss (i.e. dissolution) event.

Records keeping