Diligence Checklist Reconciliation
38 of 52 items covered · 8 need review · 6 missing
Overall Completion38 covered8 need review6 missing
73%All items (52)
| # | Checklist Item | Required Document | VDR Match | Status |
|---|---|---|---|---|
| 1 | Executed LPA (current version)Fund Documents | Executed LPA | MCP III - LPA (Amended).pdf | ✓ Covered |
| 2 | All LPA amendmentsFund Documents | LPA Amendment(s) | LPA Amendment No. 2, No. 3 | ✓ Covered |
| 3 | All side letters (complete set)Fund Documents | Side letters — all LPs | 9 side letters confirmed | ✓ Covered |
| 4 | MFN summary / comparisonFund Documents | MFN analysis | MFN Summary - All Side Letters.pdf | ✓ Covered |
| 5 | Management company agreementFund Documents | Management Agreement | Management Company Agreement.pdf | ✓ Covered |
| 6 | Audited financials (3 years)Financials | Audited FS: FY21, FY22, FY23 | Audited FS FY2021–2023 confirmed | ✓ Covered |
| 7 | Quarterly capital account statements (last 4)Financials | Capital account statements Q1–Q3 2024, Q4 2023 | All 4 statements confirmed | ✓ Covered |
| 8 | Schedule of investments (latest)Financials | FY2023 Schedule of Investments | FY2023 Schedule of Investments.pdf | ✓ Covered |
| 9 | Portfolio company financial packages (major holdcos)Financials | Port Co financials — top holdings | HorizonTech, NorthStar, Apex Healthcare | ✓ Covered |
| 10 | Fund overview / LP presentationFinancials | LP presentation or fund summary | Fund Overview Presentation Q3 2024.pdf | ✓ Covered |
| 11 | GP commitment letterTransfer | GP Commitment Letter | GP Commitment Letter.pdf | ✓ Covered |
| 12 | Transfer agreement draftTransfer | Transfer Agreement | Transfer Agreement Draft v3.docx | ✓ Covered |
| 13 | Transfer consent request letterTransfer | Transfer Consent Request | Transfer Consent Request - MCP III.pdf | ✓ Covered |
| 14 | LP register extractTransfer | LP register showing seller position | LP Register Extract (Redacted).pdf | ✓ Covered |
| 15 | Seller representation letterTransfer | Seller reps & warranties | Seller Representation Letter.pdf | ✓ Covered |
| 16 | GP principal biographiesCompliance | Key person bios | Key Person Biographies.pdf | ✓ Covered |
| 17 | Organizational chart (fund structure)Compliance | Portfolio company org charts | Portfolio Company Org Charts.pdf | ✓ Covered |
| 18 | GP entity corporate documentsCompliance | GP entity formation docs | GP Entity Corporate Documents.pdf | ✓ Covered |
| 19 | Regulatory filings summaryCompliance | SEC/CFTC filings | Regulatory Filings Summary.pdf | ✓ Covered |
| 20 | ERISA side letter (if applicable)Compliance | ERISA / benefit plan side letter | ERISA Side Letter - Pension Fund LP.pdf | ✓ Covered |
| 21 | Valuation policyFinancials | Fund valuation methodology | Valuation Policy - MCP III.pdf | ✓ Covered |
| 22 | Advisory board meeting minutes (latest)Governance | LPAC minutes | Advisory Board Meeting Minutes Q3 2024.pdf | ✓ Covered |
| 23 | GP advisory committee charterGovernance | LPAC charter | GP Advisory Committee Charter.pdf | ✓ Covered |
| 24 | Co-investment side letters (material LPs)Fund Documents | Co-invest letters | Co-Investment Rights Letter - GIC.pdf | ✓ Covered |
| 25 | Wire instructions and closing mechanicsTransfer | Closing / wire instructions | Wire Instructions & Closing Mechanics.pdf | ✓ Covered |
| 26 | Legal opinion on transfer eligibilityTransfer | Transfer legal opinion | Legal Opinion - Transfer Eligibility.pdf | ✓ Covered |
| 27 | ESG reportingGovernance | ESG / sustainability report | ESG Reporting Summary 2023.pdf | ✓ Covered |
| 28 | GP track record (DPI, TVPI, IRR by vintage)Financials | Track record / performance data | GP Track Record Summary.pdf | ✓ Covered |
| 29 | Fund expenses policyFund Documents | Expense policy / allocation | Fund Expenses Policy.pdf | ✓ Covered |
| 30 | ERISA plan asset status analysisCompliance | Benefit plan investor analysis | ERISA Side Letter - Pension Fund LP.pdf | ✓ Covered |
| 31 | Anti-dilution provisionsFund Documents | Anti-dilution side letters | Anti-Dilution Side Letter - Sovereign Wealth Fund.pdf | ✓ Covered |
| 32 | Subscription agreement templateFund Documents | Subscription agreement | MCP III - Subscription Agreement Template.pdf | ✓ Covered |
| 33 | Fund term and extension provisionsFund Documents | LPA — term clauses | MCP III - LPA (Amended).pdf, p.12 | ✓ Covered |
| 34 | BBA partnership audit regime disclosureTax | LPA amendment — BBA | LPA Amendment No. 3.pdf | ✓ Covered |
| 35 | K-1 / tax reporting commitmentTax | LPA — K-1 delivery | MCP III - LPA (Amended).pdf, p.120 | ✓ Covered |
| 36 | Distribution waterfall mechanicsFund Documents | LPA — distribution provisions | MCP III - LPA (Amended).pdf, p.54 | ✓ Covered |
| 37 | Clawback mechanism and triggersFund Documents | LPA — clawback provisions | MCP III - LPA (Amended).pdf, p.58 | ✓ Covered |
| 38 | Q3 2024 NAV / capital account detailFinancials | Most recent capital account | Q3 2024 Capital Account Statement.pdf | ✓ Covered |
| 39 | GP Advisory Board consent for transferGovernance | LPAC consent resolution | Not yet obtained — pending | ⚠ Needs Review |
| 40 | ROFR waiver / exercise period documentationTransfer | ROFR waiver letter from GP | Transfer Agreement v3 references ROFR; no waiver on file | ⚠ Needs Review |
| 41 | Side letter — all economic terms disclosedFund Documents | Complete side letter set with economics | LPA Amendment No. 4 (draft) may affect; review pending | ⚠ Needs Review |
| 42 | Seller tax disclosure and FIRPTA certificateTax | Seller Tax Disclosure Package | File in queue — not yet processed | ⚠ Needs Review |
| 43 | Unfunded commitment certificateTransfer | Capital call / unfunded balance cert. | Amount referenced in Q3 statement; no standalone cert. | ⚠ Needs Review |
| 44 | LPA Amendment No. 4 (draft)Fund Documents | Executed LPA Amendment No. 4 | Draft only; execution status unknown | ⚠ Needs Review |
| 45 | Portfolio company ClearVision Media financialsFinancials | ClearVision port co financial package | Processing — not yet extracted | ⚠ Needs Review |
| 46 | Harvard Management side letterFund Documents | HMC side letter (complete) | Queued — not yet processed | ⚠ Needs Review |
| 47 | Transfer consent form (executed GP signature)Transfer | Executed transfer consent | — | ✗ Missing |
| 48 | Portfolio company financials — FY2020 (Audited)Financials | Audited FS FY2020 | File queued but not in VDR | ✗ Missing |
| 49 | Indemnification agreement (GP)Transfer | Executed indemnification agreement | Referenced in LPA but not in VDR | ✗ Missing |
| 50 | Key person insurance certificatesCompliance | D&O / key person insurance | — | ✗ Missing |
| 51 | Transfer fee calculation (final)Transfer | Final transfer fee agreement | Draft only; not finalized | ✗ Missing |
| 52 | Broken deal expense policy (historical claims)Fund Documents | Broken deal history / claims log | — | ✗ Missing |