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Quick Setup

1

Create an LP Fundraising List

Press Cmd+K, type “new list”, and select the LPs template. It comes pre-configured with stages, properties, and views for institutional fundraising.
2

Add LPs

Add LPs from your contacts, import a CSV from your existing tracking tool, or let Auto-Add pull them in from your email activity.
3

Connect Your Email

If you haven’t already, connect your Gmail in Settings → Connected Accounts. Micro uses your email and calendar activity to keep your LP pipeline updated.

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Your LP Pipeline

The LPs template comes with stages designed for institutional fundraising:
StageWhat it means
ProspectingResearching LPs before reaching out
InboundLP initiated contact
ConversationsActive back-and-forth about your fund
Meeting ScheduledFormal meeting or pitch is set
Meeting CompleteYou’ve had the meeting
InterestedClear signal of investment intent
Handshake DealTerms agreed, awaiting docs or wire
InvestedFunds received
DeadLP passed
No StageNot yet categorized
Switch between Pipeline (kanban) and All LPs (grid) views using the tabs at the top.

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LP Properties

The template comes with properties designed for fund fundraising:
PropertyWhat it tracks
Investment AmountTarget or committed investment amount
Likelihood to CloseProbability of investment (0–100%)
PriorityUrgent, High, Medium, Low, None
Next StepsAI-suggested actions to move the conversation forward
Pass ReasonWhy an LP declined (AI-captured)
Add custom properties for anything else — LP type (fund of funds, endowment, family office), minimum commitment, due diligence status.

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AI Autofill

AI keeps your LP pipeline current:
  • Status — LPs move through stages based on your email and meeting activity. Schedule a meeting and they move to “Meeting Scheduled.” If they pass, they move to “Dead.”
  • Investment Amount — Extracted from discussions and formal commitments
  • Next Steps — AI suggests what to do next based on your latest interaction
  • Pass Reason — Captured when an LP declines
The template is configured to recognize LP fundraising conversations — term sheets, due diligence requests, pitch discussions, and general conversations with institutional LPs.

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Prep for LP Meetings

Before a meeting, click Meeting Prep on the event page. The AI will:
  • Research the LP and their fund
  • Surface your email history and past interactions
  • Highlight their investment focus and portfolio
  • Suggest talking points
Add a Context Doc to your LPs list with details about your fund (target size, thesis, track record, terms). The AI references this when preparing for meetings and drafting emails. Learn more about Context Docs

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Email LPs from Micro

Manage all LP communications without leaving Micro:
  • Compose — Press C to draft a new email
  • Schedule Send — Time your emails for optimal delivery
  • Custom Email Views — Create a view filtered to just LP conversations
  • AI Drafts — Ask the AI to draft follow-up emails, thank-you notes, or LP updates

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Share with Your Team

Your LPs list is shared with your workspace by default. Partners can:
  • See the full pipeline and activity feed
  • Add notes and update records
  • See meeting history and email metadata (not email content, unless you adjust sharing settings)
Learn more about Collaboration & Sharing
The LPs template is designed for VCs raising from institutional LPs — fund of funds, endowments, family offices, and other allocators. If you’re a founder raising from VCs and angels, use the Fundraising template instead.