Investors, which elements do you spend the most time on when you’re carrying out due diligence on a fund pre-commitment? Are you more concerned about a group’s IRR track record or the cash-on-cash return? Does a formal ESG policy rank above a demonstrable focus on operational excellence? How important is team stability and succession planning?
Fund managers, which sections of the due diligence questionnaire are your LPs lingering over? Are you fielding extra calls on your approach to value creation? Are you receiving extra forms on the way you incorporate ESG best practices? Or do you find the main focus is and always will be on fund terms and conditions?