DeRosa Growth Fund LLC

Key economics

Preferred return

8%

Hurdle rate

14%

LP / GP split

80% / 20%

GP catch-up

No

GP clawback

—

GP commitment

—

Diligence findings (10 · 6 high/critical)

• critical
  All Distributions tier 1 over-allocates: shares sum to 200%, not 100%
• critical
  All Distributions tier 2 over-allocates: shares sum to 300%, not 100%
• critical
  All Distributions tier 3 over-allocates: shares sum to 320%, not 100%
• critical
  All Distributions tier 4 over-allocates: shares sum to 320%, not 100%
• high
  DDQ 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.
• high
  DDQ 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.
• medium
  DDQ gap: Are investor subscriptions protected by a minimum-offering escrow?The offering documents don't answer a standard institutional DDQ question (Structure). An allocator will ask this directly — the GP should be ready with an answer.
• medium
  DDQ 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.
• medium
  DDQ gap: Is there a key-person provision?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.
• medium
  DDQ 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 — 68% covered

13 answered · 0 partial · 6 gaps of 19 standard questions.