Methodology

"PROCESSING TRUFFLES FOR CONSUMPTION."

To be a candidate for investment, an opportunity must by sponsored by one of our Partners, who will shepherd it through the formal screening process of our Investment Committee. Each step brings with it a higher level of detailed analysis. The number of opportunities that make it through each phase—via unanimous partner approval—is a steadily declining percentage of total opportunities screened. The process involves:

Initial Screening

This step is all about reasonable answers to important questions, such as:

  • How does the opportunity mesh against our selection criteria?
  • How good is the team?
  • Do we think there is a high probability of success?
  • What are the challenges with the business plan?

Evaluation Memorandum

By the time Committee reviews this opportunity again, concrete answers are in place for elements such as:

  • Validation of market opportunity
  • Viability of the value proposition
  • Potential for market adoption

Framework and Fundamentals Report

This final Investment Committee report is the complete underwriting of the investment. If the investment is approved from here, only final documentation and final due diligence are outstanding. This report details, among other things:

  • Final terms of the investment
  • Full financial assumptions of management and the Grail team
  • Return assumptions

Due Diligence Report

To the extent any due diligence, including full management background checks, has not been completed, this is handled in conjunction with finalizing legal documentation for the investment.

Information taken from third-party sources is believed to be accurate, however no representation or warranty, expressed or otherwise, is made to, and no reliance should be placed on, the fairness, accuracy, completeness or timeliness of the information contained herein. This website is for informational purposes only and does not constitute investment advice or an offer to sell or a solicitation of an offer to buy any services or security which may be referenced herein. This website does not constitute or contain an offer or solicitation of any kind and none should be inferred.
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