Appendix E - Templates: Portfolio Investments**
E1: Deal Log: Portfolio Investments
Provide a copy of the Firm’s deal flow log for all investments reviewed over the last 5 years, where the General
Partner either, (i) expressed a level of interest; (ii) commenced due diligence; and/or (iii) generated a letter of intent.
Include information on the source and estimated transaction size of the investment opportunity:
o Date of Opportunity
o Portfolio Investment Name
o Short Description of Opportunity
o Source of Opportunity
o Type of Auction (if applicable)
o Purchase Type (take-private,
trade sale, carve-out, etc.)
o Deal Log Status (i.e. how far
the opportunity progressed
through the deal pipeline)
o Inv. Transaction Currency
o Estimated Total Transaction
Size (inv. transaction currency)
o Estimated Fund Investment
Size (inv. transaction currency)
E2: Performance & Attribution: Portfolio Investments
Provide summary tables of all realized and unrealized portfolio investments in prior funds on a since inception basis
(unless noted otherwise), using the investment value attributable to the most recent quarter (or at exit for realized invs.).
All spin-offs and partial divestitures should be properly notated in the table (if necessary, provide additional explanation
in a supplemental table). All values should be denominated (as of the transaction day) in: 1) the respective fund’s
reporting currency and 2) the investment’s reporting currency:
o Portfolio Investment Name
o Status (realized/unrealized)
o Fund Name (if cross-fund
investment, separate each
fund)
o Fund Reporting Currency
o Inv. Transaction Currency
o Seller Name at Entry
o Purchase Type (take-private,
trade sale, carve-out, etc.)
o Date of Purchase Agreement
o Initial Investment Date
o Short Business Description
o Source of Opportunity
o Sector/Industry
o Geography: Headquarters
o Geography: Base of Operations
o Geography: Primary Market
o Value Creation Thesis
o Security Type (e.g. sub-debt)
o Number of Shares/Units
o Lending Syndicate Names
o Investment Metrics – at Entry
(multiple currencies):
▪ Fund Ownership % (pro-
rata, fully diluted)
▪ Total # of Board Seats
▪ Fund’s # of Board Seats
(pro-rata)
▪ LTM EBITDA
▪ LTM Revenue
▪ Enterprise Value
▪ Equity Value
▪ Net Debt
▪ LTM Interest Expenses
o Date of Sale Agreement
o Exit Date
o Exit Type (IPO, write-off, etc.)
o Buyer Name at Exit
o Investment Metrics – Current/at
Exit (multiple currencies)-
include since-inception,
compound annual growth rates
(CAGR) for all applicable
metrics:
▪ Fund Ownership % (pro-
rata, fully diluted)
▪ Total # of Board Seats
▪ Fund’s # of Board Seats
(pro-rata)
▪ LTM EBITDA
▪ LTM Revenue
▪ Enterprise Value
▪ Equity Value
▪ Net Debt
▪ LTM Interest Expenses
o Total Inv. Capital at Entry
o Total Inv. Capital to Date
(multiple currencies) (a)
o Current Investment Cost
(multiple currencies) (b)
o Total Proceeds to Date
(multiple currencies) (c)
o Current Reported Value
(multiple currencies) (d)
o Gross IRR (multiple currencies)
o Total Value to Paid-In (TVPI
=((c+d)/a)) (multiple currencies)
o Distribution Value to Paid-In
(DVPI = c/a) (multiple
currencies)
o Reported Value to Paid-In
(RVPI = (d/a) (multiple
currencies)
o Total Realized Carry (fund
reporting currency)
o Total Current Unrealized Carry
(estimated) (fund reporting
currency)
o Valuation Methodology (e.g.
market multiples, DCF, etc.)
o Enterprise Value (using Firm’s
reported interim valuation) prior
to signing of sale agreement
(realized invs. only)
o Deal Team Member (lead)
o Deal Team Member (sourcing)
o Deal Team Member (diligence)
o Co-Investors, w/ ownership %
and equity invested (Non-LPs -)
o Co-Investors, w/ ownership %
and equity invested (LPs)
o In Compliance with Covenants
(Currently)? (y/n)
o In Compliance with Covenants
(during life of inv.)? (y/n)