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General

When does partner review come in? During the review, diligence or decision stage?

Our deal funnel has a few stages defined. I was wondering in which of these the partners come in and make a decision. Are there different approaches, depending or the fund size or investment thesis or personnel preferences even?
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Answered by

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Partner review typically occurs during the diligence stage, where partners assess the investment opportunity in detail. However, the timing can vary based on the fund's size, investment thesis, and personnel preferences. Some funds may involve partners earlier in the process, while others may wait until a more thorough diligence is completed. The approach can be customized to fit the specific needs and strategies of the fund.
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Answered by

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There's no right answer or best practice here - each firm defines for itself where partners come in to the process.

Early: some firms have partners who play key roles in scouting and filtering deals to hand off to the fund for diligence.
Mid: some firms engage their partners in diligence, especially on technical areas.
Late: some firms set up investment committees where partners play key roles.

Define your goal: what are you trying to accomplish involving partners in dealflow? Oversight? Quality control? More dealflow? Then work from the strengths, motivation, and availability of particular partners to get them involved in certain areas. Decile Hub's pipelines can be a good place to organize this involvement, giving your team and partners a centralized place to take notes on deals as they move through your dealflow process.

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