Vetting partners
This area covers how investors and lenders examine a sponsor before signing anything. Questions here concern track record, references, litigation history and the authority a general partner holds.
Readers can settle what to request from a sponsor, including the operating agreement, the private placement memorandum, schedules of prior deals and credit references. Roles matter. Other questions cover key person provisions and removal for cause, and what happens to the preferred return, capital accounts, the waterfall and investor consent rights when a general partner is replaced. Family offices and veteran professionals use this material to judge whether a deal partner has the experience and liquidity to carry a project through a downturn.
- Sponsor Team and Responsibility Checklist
A checklist for judging sponsor team depth: who owns each decision, whose experience counts, backup coverage, in-house management and a worked capacity test. - Vetting a Deal Partner Before Committing
A checklist guide to vetting a development or operating partner: track record by role, references, partnership history, funding capacity and decision rights. - What Happens to Investors When a GP Is Removed
What limited and equity partners face when a sponsor team splits or a managing partner is removed, with a worked waterfall example and diligence questions.