Passthrough vs Vestlane
A side-by-side comparison of Passthrough and Vestlane — two options for lp reporting & investor relations. Pricing, features, and honest pros and cons.
Category
LP Reporting & Investor Relations
Fund Admin & Back Office
Rating
4.7 / 5
4.3 / 5
Pricing
Custom / Quote
Subscription / Custom
Best for
GPs closing funds without chasing PDF sub docs
European GPs closing funds without paper chaos
Key features
- Sub docs as smart, guided questionnaires
- Answer reuse across funds and vehicles
- Integrated KYC/AML screening
- Real-time closing status dashboards
- Collaboration with counsel in one workflow
- Automated KYC/AML and beneficial-ownership checks
- Digital subscription documents and e-signing
- Reusable investor wallet for repeat LPs
- Shared workspace for managers, LPs and providers
- Multi-jurisdiction, multi-vehicle support
Pros
- Dramatically faster closes — LPs actually finish the docs
- KYC/AML handled in the same flow
- Repeat LPs onboard nearly instantly on Fund II
- Cuts weeks off fund closings versus paper subscriptions
- Repeat-LP wallet compounds value across vehicles
- Strong European regulatory coverage
Cons
- Solves onboarding, not full IR — pair with a portal
- Pricing conversations required for small one-off vehicles
- Focused scope — accounting and reporting live elsewhere
- US fund structures are not the core market