Manager research
Edge, capacity discipline, team continuity, alignment of GP and LP economics, behaviour across market cycles.
Investment due diligence
Return drivers, factor exposures, capacity and crowding, drawdown behaviour, correlation in stress. For closed-end strategies: vintage, deal attribution, value creation, realisation discipline.
Operational due diligence
Operating model, service providers, valuation policy, cash and counterparty controls, NAV independence, business continuity, key-person provisions. For closed-end vehicles: capital calls, side letters, GP commit, fee terms.
Background and references
Structured reference programme across colleagues, prior firms, and counterparties. Regulatory and litigation screening. Track-record verification.
Ongoing monitoring
Position-level or risk-aggregate transparency. Scheduled manager calls, exposure and attribution review, a clear committee process for add, hold, or redeem decisions.