Investment Committee Memo · Waterfalls
Capview Residential Income Fund VII, LP
Capview Partners · Residential RE · Debt · Vintage 2019
59
Waterfalls composite LP-favorability score (0–100)
88
LP take (absolute)
25
Pref quality
57
Fee drag
20
GP alignment
55
Timing risk
Key economics
- Preferred return
- —
- Hurdle rate
- —
- LP / GP split
- 80% / 20%
- GP catch-up
- No
- GP clawback
- —
- GP commitment
- —
Diligence findings (5 · 3 high/critical)
- highDDQ gap: Does the fund engage an independent auditor?The offering documents don't answer a standard institutional DDQ question (Governance). An allocator will ask this directly — the GP should be ready with an answer.
- highDDQ gap: Does the fund have a GP clawback provision?The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.
- highDDQ gap: What is the preferred return (hurdle) rate offered to LPs?The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.
- mediumDDQ gap: Does the fund use a third-party fund administrator?The offering documents don't answer a standard institutional DDQ question (Governance). An allocator will ask this directly — the GP should be ready with an answer.
- mediumDDQ gap: What is the GP's capital commitment (skin in the game)?The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.
DDQ readiness — 54% covered
7 answered · 1 partial · 5 gaps of 13 standard questions.