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Blueprint Intelligence / Data Room and DDQ / Co-investments, what the DDQ asks even before a fund has offered any
Data Room and DDQ
Most first-time managers have not offered a co-investment yet, and this section still gets asked. The honest, complete answer is usually about the policy that would govern one, not a track record of deals already done.
If your fund has not offered co-investments, say so. You can still explain whether you plan to offer them and the policy that would govern allocation, fees and conflicts. Answer the actual questionnaire: a proposed policy should not read like an established transaction history.
ILPA and ILPA DDQ are marks of the Institutional Limited Partners Association. Blueprint is not affiliated with, endorsed by, or certified by ILPA.
An allocator reading this section wants to know whether co-investment opportunities, if the fund offers them, would be allocated fairly across LPs, on what basis, and whether the GP or the management company would earn any additional fee or carry from a co-investment separate from the fund's own economics. This is a governance question about a future scenario, not a request for a completed transaction history.
A fund's conflict of interest policy, covered in the firm governance and compliance section of the DDQ, is where the co-investment allocation rule should actually live as a governing document, not just as an answer typed into this one section. Keeping the two consistent, the policy as stated here and the policy as written into the conflicts document, is what keeps this section from reading as an answer improvised for the questionnaire rather than a real, standing policy.
Check your co-investment policy
Upload one document containing your conflicts of interest policy or a description of your current co-investment approach. 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.