Before an institutional LP writes a check, they need to see a well-organized data room. This checklist covers every document they expect across 7 critical sections.
Legal Documents
LPA, PPM, subscription docs, side letters, formation docs
Fund Terms
Fee schedule, waterfall summary, GP commitment letter
Track Record
Prior fund performance, deal attribution by partner
Team
GP bios, org chart, advisory board
Market & Thesis
Thesis memo, target sectors/stages, competitive landscape
Operations
Compliance calendar, AML/KYC, valuation policy, reporting cadence
References
LP references, founder references
Get the printable checklist so you can check off each document as you prepare your data room.
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