Free private markets document template
Co-Investment Program Readiness Template
Generate an original LP due-diligence questionnaire for building a co-investment program, including governance, sourcing, underwriting, allocation and operations.
01
Program objective
Family Office Investment Team is evaluating a co-investment program with the objective to Build a selective $150m co-investment portfolio over three years.
02
Investment scope
Permitted scope is Buyout, growth equity and selected private credit alongside approved managers. Define exclusions, eligible sponsors, jurisdictions and prohibited structures.
03
Governance
Dedicated Co-Investment Committee with delegated approvals up to $10m
04
Team & resources
Two investment professionals, legal support and external accounting and tax specialists
05
Sourcing
Approved GP relationships with documented allocation history and no pay-to-play expectations
06
Opportunity allocation
Track offered, accepted and declined opportunities; review fairness and concentration by sponsor
07
Underwriting standards
Independent company, industry, valuation, downside, sponsor and exit analysis. Minimum diligence: Management call, data-room review, references, legal terms, conflicts and base/downside returns.
08
Decision process
10 business days target; decline if evidence is insufficient
09
Portfolio construction
Annual budget is $40m-$60m, target tickets are $5m-$15m, and limits are 10% per company, 25% per sponsor, 35% per sector and 30% per vintage year.
10
Liquidity & follow-ons
Fully reserve follow-ons and stress funding needs before approval
11
Monitoring
Quarterly company performance, valuation, covenants, governance, follow-ons and exit outlook
12
Operations & controls
Entity setup, tax review, capital calls, cash controls, valuation, documents and audit support