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Blueprint Intelligence / Data Room and DDQ / Accounting and valuation, the governance question behind the numbers
Data Room and DDQ
This section is less interested in what a portfolio company is worth than in who decided that, how often, and by what consistent method. A fund audits page covers when an audit is expected. This one covers what happens between audits.
Between audits, a fund still needs a clear way to value its portfolio. Document who sets the marks, how often they are reviewed, which accounting framework applies and how the method is kept consistent. Audit arrangements are a separate question covered in the linked guide.
ILPA and ILPA DDQ are marks of the Institutional Limited Partners Association. Blueprint is not affiliated with, endorsed by, or certified by ILPA.
A valuation is only as credible as the process behind it. This section wants a plain description of who is responsible for setting portfolio company valuations, whether that is the GP alone, a valuation committee, or an external party, and on what cadence marks are updated, typically quarterly for an active fund. A fund still relying on informal, ad hoc updates to its portfolio marks should say so directly rather than describing a formal process that does not yet exist.
An allocator needs to understand both the method and the judgment behind a mark. Explain the applicable valuation policy, the evidence considered and how comparable cases are treated. Cost or a recent financing price may be relevant evidence, but neither is automatically the appropriate value in every period. Document adjustments and review the treatment with the fund’s accounting and valuation advisers.
Check your valuation documentation
Upload one document containing your valuation policy or a description of your current marking process. No signup required for your first result.
One PDF or DOCX, up to 15 MiB. Three successful free reads are shared across the library; no account is needed. This is an initial review, not an eligibility decision or a fund rating.
Perspectives by Colibrí Strategies: practical notes for GPs and the LPs who back them.
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Upload the LP questionnaire and your current fund materials. Blueprint drafts what the evidence supports and flags what still needs your confirmation.