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"The difference is night and day. I only wish we'd had this for our first fund.”

Monica Johal Manager, FP&A and Operations, Framework VP

About Framework

Framework is a venture capital firm based in Canada specializing in Vertical SaaS and AI-Powered Platforms. The firm manages multiple funds across currencies—Fund 1 in CAD and Fund 2 in USD—with a diverse LP base spanning North America, Asia-Pacific (including Singapore and Hong Kong), and emerging markets.

Led by Co-founder & Managing Partner Peter Misek, Framework has built a reputation for disciplined fund sizing and strategic relationship-driven investing. Their operations team, including Divina Advento and Monica Johal, manages a growing portfolio of 15-20+ companies across various growth stages.

Framework is currently executing a dual strategy: raising Fund 3 targeting high-net-worth investors while simultaneously pursuing a secondary vehicle opportunity for their portfolio company Encode. This parallel execution—primary fundraise plus continuation vehicle—required infrastructure that could handle multi-asset complexity without sacrificing the professional presentation their sophisticated LP base expects.

Opportunity

As Framework prepared to scale from a single fund to managing multiple vehicles across currencies, the limitations of their manual processes became increasingly apparent. Quarterly reporting required extracting 50+ reports per LP per cycle from Pinnacle, with inconsistent formatting across multiple communication channels.

"Quarterly reporting used to be entirely manual. As we've scaled and added more portfolio companies, the complexity of what we need to deliver to investors has grown significantly—Vessel has made that manageable.”

Divina Advento VP of Finance, Framework VP

The challenge extended beyond reporting. Portfolio company data collection relied on multiple formats—Excel, email, manual input—with different companies preferring different methods. LP communication was fragmented across Pinnacle, email, and direct documents, leaving the team with limited visibility into who accessed what documents and when.

The timing of their Encode secondary vehicle opportunity made infrastructure investment urgent. With competing buyers evaluating the deal, Framework needed to present a professional, organized data room that would demonstrate their operational sophistication. Simultaneously, investor dinners in Boston and Calgary required a streamlined way to capture interest from high-net-worth prospects who weren't yet formal investors.

Solution

Framework evaluated Vessel's platform with a focus on three interconnected needs: LP reporting, portfolio company monitoring, and fundraising infrastructure. What resonated immediately was the ability to unify these workflows on a single platform.

Implementation began with the LP reporting portal, launched in conjunction with Q3 2025 reporting. The team configured multi-currency support for CAD/USD aggregation with quarterly FX rates, created aggregated portfolio views for LPs invested across multiple funds, and built out differential metrics showing quarter-over-quarter changes in TVPI and DPI.

For the Encode secondary vehicle, Vessel created a separate staging environment with permission groups by investor type—first meeting, second round, final—complete with NDA management, activity tracking, and download monitoring. This gave Framework full control over the narrative while maintaining security for sensitive deal information.

The high-net-worth outreach required special consideration. Rather than forcing prospects through two-factor authentication and complex portal access, Vessel enabled a simplified data room with curated content accessible via QR code at investor dinners.

Mid-Story Quote

"We've moved all of our account updates to Vessel. They were able to match our existing process almost exactly, which made the transition seamless.”

Monica Johal Manager, FP&A and Operations, Framework VP

Results

Reporting Cycle Transformation What previously took weeks of manual processing now completes in 1-2 days. Monica Johal reported saving over an hour per reporting cycle on capital call document processing alone through automated formatting from Pinnacle integration.

Unified Multi-Currency Portfolio View For the first time, LPs invested across Framework’s CAD and USD funds can see their complete relationship with the firm in a single dashboard. Currency conversion happens automatically using quarter-end FX rates, eliminating manual aggregation.

Professional Secondary Vehicle Infrastructure The Encode data room enabled Framework to engage potential buyers with full activity tracking. The result: two term sheets received, including a $2.0B+ offer from Portage and a clean $2.0B offer from General Atlantic, with expectations of a $2.25B clean valuation.

Streamlined High-Net-Worth Onboarding Investor dinners in Boston and Calgary successfully captured LOI commitments through a two-stage funnel: interest indication followed by automatic LOI delivery. High-net-worth investors who previously struggled with portal access could now engage without technical barriers.

Portfolio Company Data Standardization The integration with Cobalt moved Framework from manual Google Sheets-based workflows to a centralized platform. Recurring data requests now go out automatically to portfolio companies monthly and quarterly, with standardized templates ensuring consistency across the portfolio.

Data Quality Assurance Automated formula calculations and validation workflows now catch inconsistencies before LP distribution. The team established a peer review process between operations staff for all portfolio metrics, achieving 99%+ accuracy.

Impact

For Framework, implementing Vessel represents the infrastructure required to compete with larger U.S. firms while maintaining the relationship-driven approach that defines their strategy.

The platform positions Framework to execute their ambitious Q1 2026 fundraise across NYC, Toronto, Vancouver, and potentially the Middle East and Asia—markets where they've built multi-year relationships with institutional LPs. Their target: compressing an 18-month standard fundraise timeline to 12 months through improved materials and messaging.

Beyond fundraising, the infrastructure enables Framework to support LP participation in follow-on investments. With co-investment opportunities emerging across their portfolio companies, LPs can be treated "as an existing LP ahead of a commitment type of thing"—a relationship-building approach that deepens LP engagement over time.

For a firm that prides itself on disciplined fund sizing and strategic relationship building, having operational infrastructure that matches their investment philosophy has become a competitive advantage.