About this video
LP-side GP due diligence: Ellie joins the key person clause to the definitions that gut it, and reprices the 0.95% of GAV fee line.
Aldermere Public Pension Investment Board evaluates two competing logistics fund commitments: a re-up with a familiar manager and a new relationship. Ellie reads the six-document data room, returns a cited side-by-side of principal terms, exposes that the re-up fund's market-standard key person clause is hollowed out by its definitions (dual-departure trigger, GP-determined devotion, no automatic suspension), reprices the management fee against its actual AGAV base, and drafts the investment committee memo with every finding traceable to its source clause.
- Side-by-side principal terms comparison, every cell cited to its source page
- Key person protections joined to the defined terms that gut them
- 0.95% 'of GAV' fee shown to charge on uncalled commitments during ramp-up
- Draft IC memo with recommended position and 11 open items; not-found items flagged, never invented
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