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Fundraising

DDQ and PPM

Asked by:
Community Member
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Jul 21, 2023
Are due diligence questionnaire and private placement memorandum required documents in order to attract serious / institutional LPs?
1 answer
Accepted Answer
Jul 21, 2023
No, they are not required. Also, it's absolutely critical that new and emerging managers do not engage with any vendors including lawyers until they have a minimum of 10%+ of their fund hard circled in PACTs. Finally, institutional LPs rarely invest in new or emerging managers

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