A Guest Post by Eric Krusiewicz, Alts Research, LLC

Recently, I was asked to review an indirect private equity portfolio for a large start-up family office program.  The goal was a 360 review of the portfolio as well as the platform.  This meant, beyond reviewing the portfolio fund by fund to understand performance and exposures, I also needed to opine on the appropriateness of the diligence process that built the portfolio.

This reminded me that given the current season we are in, while diligence is always important, a tune-up refresher might be in order.

Going back to my review; I wanted to be thorough but not nit-picky, as there can be many paths on the diligence journey.   I took the approach of remembering what to AVOID when building a robust defensible diligence process and went from there.  Below, I highlight the top five considerations I like to keep in mind when performing due diligence: Continue reading →