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ARTICLE · 24 NOVEMBER 2021

10 Tips For The Perfect DDQ

MJ Hudson
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The Due Diligence Questionnaire (DDQ) is a key item in the suite of due diligence materials that most, if not all, private markets fund managers will need to prepare when raising a fund.

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Matthew Craig-Greene
Matthew Craig-Greene
Jon Greene
Jon Greene
Nick Gordon
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The Due Diligence Questionnaire (DDQ) is a key item in the suite of due diligence materials that most, if not all, private markets fund managers will need to prepare when raising a fund. No longer a 'nice to have', the DDQ has evolved into an often-lengthy document that addresses all aspects of the new fund and the manager/GP. It will be a core resource for prospective LPs when undertaking due diligence. Consequently, as much thought should go into its preparation as does that for the fundraising presentation and PPM.

Here are 10 tips to help those charged with preparing a fundraising DDQ.

A.    1. Start the process early

Don't underestimate the time it will take. It is not uncommon for a DDQ to run to 100+ pages these days and to take 4-8 weeks (or more) to prepare. Don't start the process one week before your data room needs to open.

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