Am going to meet a gov LP who met me twice already and send me too expansive DD questions which I answered ; last list were 17 blocks each block 12 questions :) few here to get your opinion:
- if they come in within the 18months before closing the fund they will come in at same value , right ? So even if my tvpi has increased (I know very little chance ) they still come in as everyone else
- If they ask to come in as part of the LPAC what should my answer be ?
- audited financials : this is very important for them - but I know this will cost and as per the LPA I don't share audited financials I share financials that are as per the accounting codes / what if they insist that this is a must ?
- How long do I keep the first capital call open incase am lagging in reaching the full fund target ? I called 18/7 with around 60% of the fund signed . Am hoping to reach the 80% before h1 -2027. so do I leave it open till then or even extend ? What’s the bar here ?
