Winchester Holding Group

Key economics

Preferred return

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Hurdle rate

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LP / GP split

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GP catch-up

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GP clawback

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GP commitment

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Diligence findings (18 · 5 high/critical)

• 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.
• high
  DDQ gap: Is the fund's fee schedule disclosed (management fee, etc.)?The offering documents don't answer a standard institutional DDQ question (Fees & Expenses). An allocator will ask this directly — the GP should be ready with an answer.
• high
  DDQ gap: What is the LP/GP carried-interest split above the preferred return?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.
• high
  DDQ 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.
• 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 GP catch-up, and at what rate?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: What distribution-waterfall structure does the fund use?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: 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.
• medium
  DDQ gap: What is the target offering size?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
  Numeric inconsistency — Article III, Section 2 director rangeDirector-count bound is self-contradictory: 'not less than one (1) and more than nine (9)' has no valid range; the conjunction should read 'nor more than nine'.
• low
  Broken cross-reference — Article IV, Section 1 subsections (a) and (b)Subsections (a) and (b) of the committee-authority carve-out are word-for-word duplicates (differing only in 'Law' vs 'law'), so one carve-out is missing or duplicated.
• low
  DDQ gap: What is the fund's vintage year?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.
• low
  DDQ gap: What is the minimum LP investment?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.
• low
  Spelling / typo — Article II, Section 3Missing preposition: 'If the notice is not given with five (5) days' should read 'within five (5) days', distorting the notice deadline.
• info
  Spelling / typo — Article II, Section 11(b)Broken record-date sentence: 'the day on which then Board accepts' ('then' for 'the') and 'whenever is later' (for 'whichever is later').
• info
  Spelling / typo — Article V, Section 1Garbled sentence: 'Any member of officers may be held by the same person' should read 'Any number of offices may be held by the same person'.
• info
  Spelling / typo — Article V, Section 8Wrong conjunction in vice-president succession clause: 'In the absence of disability of the president' should read 'In the absence or disability of the president'.

DDQ readiness — 8% covered

1 answered · 0 partial · 12 gaps of 13 standard questions.