Process

How we work

Clear scope, written deliverables, and a regulatory posture your compliance team can understand.

Standard engagement flow

Qualify → Statement of work → Information gathering → Analysis → Deliverable → Your decision

We begin with a conversation to understand your situation — a fund invitation, access question, or LP book review. If there is a fit, we agree scope and commercial terms in a signed statement of work before any work begins.

Typical onboarding

What we need from you depends on the engagement, but generally:

  • Fund materials — pitch deck, PPM, portfolio schedule, LP statement (for secondaries)
  • Context on your investment criteria and constraints
  • Introduction to broker or counsel where relevant (secondaries, SPVs)

During active work, we maintain regular communication — typically a weekly check-in during memo production. Deliverables are written documents with an optional walkthrough call.

Commercial terms

Engagements are scoped individually. Structure and commercial terms are discussed during qualification and documented in the statement of work. We do not publish a fee schedule — every situation is different.

Retainer arrangements, project-based work, and periodic oversight are all available depending on your needs and the depth of the relationship.

Regulatory posture

We sell analysis and process — not investment recommendations or discretion. Our memos present scenarios, risk flags, and open questions. If you wish to allocate, we highlight trade-offs — we do not tell you what to do.

We engage specialist counsel for SPVs and cross-border structures. We do not provide regulated investment advice or brokerage services.

In scope Out of scope
GP diligence memo with risks and open questions "Allocate X% of net worth to venture"
Comparative manager analysis Ongoing discretionary manager selection
Subscription document process support Soliciting fund interests for compensation tied to sales
SPV administration with client decision documented Marketing securities to US persons without exemption
Secondary diligence memo on a specific LP stake Arranging secondary trades for a percentage of deal size

Who we work with

For many clients, we function as a specialized outsourced venture diligence and analysis team.

  • High-net-worth and UHNW principals
  • Single-family offices and select multi-family offices
  • International principals (EU, LatAm, Gulf) with US venture interest

Not a fit: US institutions with in-house private markets teams.