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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