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The answer you almost reused (EN)

Portfolio ManagerCompliance / RiskGP Due Diligence + Risk & ComplianceEnglishAPAC6:08

About this video

The GP side of a fundraise in Ellie: a 180-question LP questionnaire drafted with a citation on every answer, the stale prior-fund key person answer caught before the LP reads it, and the true MFN cost of a side letter concession priced from the fund's own LPA.

Sembrook Industrial Partners is raising Sembrook Logistics Fund IV (US$3.8bn, APAC logistics). The capital markets team runs the raise from an Ellie workspace holding the fund documents, the prior fund's DDQ, the LP query log and the signed side letters. Marrowstone's 180-question DDQ template is drafted with a citation on every answer; Ellie flags every Fund III answer that would be wrong if reused (key person protections first), consistency-checks what different LPs have been told, briefs the Head of Capital Markets on where Tessera will push, and prices the MFN cascade of a 15bps fee concession (US$300k to US$900k a year) from the fund's own LPA. Sister demo to appib-gp-dd: the same fundraise seen from the LP side of the table.

  • A 180-question LP DDQ drafted with a source citation on every answer
  • The stale prior-fund key person answer caught before the LP reads it
  • Cross-LP consistency check catches contradictory co-investment answers
  • LP relationship briefing: where Tessera will push and the floor to know before the meeting
  • MFN cascade priced from the fund's own LPA: US$300k to US$900k a year
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