Topic Cluster
Good GP diligence turns performance language into decision language.
This cluster covers how allocators read fund metrics, compare managers, evaluate fees, and translate GP narratives into sharper diligence questions and committee-ready decisions.
Metrics are not the full answer
DPI, TVPI and IRR matter, but they become useful only when read against the fund's age, valuation discipline, strategy, concentration and realization profile. Metrics should sharpen judgment, not replace it.
What GP diligence should include
A proper manager review tests team stability, decision-making process, sourcing, portfolio construction, reserves, governance, incentive structure and how the GP explains both winning and losing positions.
Why this cluster exists
Demand-side capital often receives manager materials before it receives an evaluation framework. These pages help create that framework.
Fact-checking note
This page is educational and strategy-oriented. Tax, regulatory, product, and legal outcomes depend on current rules, documentation, residency, and transaction specifics, so execution should be validated with qualified advisors.