PM-02 — GP / Management Company
The external manager an investor commits capital to in the private-markets model. Well-known as an entity, but structurally subtle.
Specialises: E-01 Legal Entity, in the manager role. PM-02 adds the private-markets-specific structure that role needs — the branded-firm / management-company / per-fund-GP distinction, and the relationship to funds.
The three things a “manager” can mean
- The branded firm — the name everyone uses. Neither a single legal entity nor necessarily the management company.
- The management company — the operating entity that employs people, owns the brand, manages multiple funds.
- The per-fund GP entity — a legal entity (often an LLC) specific to a single fund. A large firm has dozens.
OpenIM masters the manager at the management-company level as a Legal Entity in the manager role, and links downward to the per-fund GP entities and upward to the branded firm. A fund (PM-01) references the GP master through gp_id.
Why it is comparatively easy
GP mastering is low-difficulty: managers are few (dozens, not thousands), onboarded proactively when the investor first commits, and have a stable public identity, usually with an LEI. The subtleties are the branded-firm / management-company / GP-entity distinction, and manager succession — mergers, rebrands and acquisitions (PM-11).
Attribute schema
| Column | Type | Definition |
|---|---|---|
gp_id | varchar | Golden key, at management-company level (also the entity_id of the Legal Entity in the manager role). |
gp_name | varchar | Canonical firm name. |
known_aliases | array | Every name the firm has been seen under, including historical names after a merger or rebrand. |
lei | varchar | LEI of the management company. |
domicile | varchar | Primary jurisdiction. |
relationship_start_date | date | When the investor first committed to a fund managed by this firm. |
external_ids | map | Data-vendor manager IDs. |
Resolution
Three-tier matching; unresolved volume is low. The common non-trivial case is a firm appearing under a historical name after a succession event — resolved by adding the historical name to known_aliases (E-13) and, where a genuine entity change occurred, recording a Manager Succession Event (PM-11).
Out of scope
- The generic party master a GP specialises — that is E-01 Legal Entity in the
managerrole; PM-02 adds only the private-markets-specific structure that role needs. - A change in the manager entity behind a fund — a merger, rebrand or acquisition — that is PM-11 Manager Succession Event; PM-02 holds firm identities, PM-11 holds the transitions between them.
- The funds a GP manages — those are PM-01 Fund & Vehicle, which references the GP through
gp_id. - The fund administrator — a distinct service-provider role — that is PM-03 Fund Administrator, not the GP.
Owned and consumed by
- Owned by: SD-13.2 Entity & Counterparty Master.
- Populated via: SD-03.1 Manager Sourcing & Pipeline, SD-03.5 Fund Commitment & Subscription.
- Consumed by: SD-03.2 Manager Research & Selection, SD-03.6 GP & Manager Monitoring, SD-03.8 Re-Up & Manager Relationship Management, SD-09.2 Performance Attribution, PM-01 Fund & Vehicle.
Open extensions
- The per-fund GP-entity sub-structure beneath the management company.
- The full relationship between PM-02 and PM-11 Manager Succession Event.