Glossary
GP due diligence
Assessing a fund manager before committing capital to its fund.
Investors in a fund review the general partner’s strategy, team, track record and attribution, the GP’s own commitment, fund terms and incentives, and governance and operations.
Track records are hard to compare. Returns depend on when they were measured, how unrealised holdings were valued, and which team members were responsible for each deal.
In Hebrides
In one family office syndicate’s review of a general partner, Hebrides covered ownership, GP commitments, incentives, team composition and deal history.
Family office case study