KEY RISK CONSIDERATION AREAS TO COVER

The baseline document request list was designed around the common areas that investors are likely to cover. This process is intended to be more goal-driven as opposed to focusing on any particular document or operational concern. To facilitate our understanding of how each of these key operational risk areas may be covered during an on-site private equity fund manager visit, it is to discuss the types of questions that may be asked.

The following list of questions is by no means all-inclusive. Rather, questions have been included that should provide an introductory overview of each key risk area. Generic questions such as “What are your firm's advantages as compared to peers?” have been omitted from the list. Such open-ended questions definitely can add value during the operational due diligence process, but for ease of analysis they have been omitted.