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Blueprint Intelligence / Data Room and DDQ / Credit facilities, the subscription line and NAV facility disclosures a DDQ actually wants
Data Room and DDQ
Borrowing changes the fund’s cash flows and risks. Explain the terms, the policy and the reporting treatment so an LP can see how the facility fits the fund.
A subscription line and a net asset value, or NAV, facility serve different purposes and rely on different collateral. If your fund uses either, describe its terms, authorization and actual use. Explain how borrowing affects reported cash flows and performance rather than asking the LP to infer it.
ILPA and ILPA DDQ are marks of the Institutional Limited Partners Association. Blueprint is not affiliated with, endorsed by, or certified by ILPA.
A subscription line can delay LP capital calls, changing the timing used in IRR calculations. Interest and fees also affect returns. A NAV facility borrows against portfolio value and brings different collateral and repayment risks. The effect depends on the cash flows and terms; disclose enough information to let the LP understand it, including any with-and-without-facility reporting required or provided.
For a NAV facility, document the purpose, collateral, repayment arrangements and any consent or notification rights in the fund’s terms. If the policy is still being developed, identify that work clearly and involve the appropriate advisers.
Show what the facility finances and how it changes the cash flows. A clear policy and consistent disclosure make the performance figures easier to interpret.
Check your facility disclosures
Upload one document containing your subscription line or NAV facility policy, or describe your current facility usage. 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.
Opens Substack in a new tab, where you confirm the subscription.
Upload the LP questionnaire and your current fund materials. Blueprint drafts what the evidence supports and flags what still needs your confirmation.