Solutions · Syndicators and GPs
Your underwriting becomes your track record.
Raise on the same file you report from. When an LP asks if the deal is still tracking to underwriting, the record can answer without a special project to find out.
01The problem
The raise and the report shouldn't be two different files.
Two of you open the underwriting model at once, and one of you silently overwrites the other's formulas.
One record, one set of live formulas, with a full edit history. No workbook to email around and no version to lose track of.
Every raise, you retype the same numbers from the proforma into the OM, then the deck, then the data room.
The underwriting record is the source for every investor-facing document, so a number typed once doesn't get re-typed four times.
Eighteen months into the hold, an LP asks if the deal is still tracking to underwriting, and you rebuild the comparison from a spreadsheet that was never built to be checked.
Actuals and the original underwriting sit in the same record, so the comparison an LP wants is already there, not a reconciliation project.
02What matters most
What matters most to a sponsor raising from LPs
Underwriting
One model, one owner, no overwritten formulas.
Run the deal through your own model with permissions and a full edit history, so the file you take to LPs is the file everyone agreed on.
- Pipeline
- Sensitivity
- Cap rate
- IRR
- DSCR
Operating record
Report to LPs from the file you underwrote with.
Buildings, units, leases, and documents stay current against the same numbers you raised on, so the answers an LP wants are already on the record, not rebuilt from a spreadsheet.
- Buildings
- Units
- Leases
- Documents
The file that got you the deal is the file that keeps LPs believing you.