01
Mandate first
Rupeia starts with the mandate: source of capital, liquidity sensitivity, pacing logic, family or committee context, sector interest and the role private markets are expected to play.
Fund research framework
How Rupeia frames private-market fund research.
Rupeia starts with your mandate, checks the fund manager carefully and reads the fund structure closely before anything moves forward. This page walks through that process step by step.
Evaluation sequence
Research narrows uncertainty in four connected stages.
01Mandate first
02Manager universe construction
03Manager (GP) evaluation
04Structure and operating review
02
Manager universe construction
Relevant funds are mapped by stage, strategy, sector, geography, vintage behavior and fit. This is meant to reduce noise before manager meetings begin.
03
Manager (GP) evaluation
The GP, short for general partner, is the team that runs the fund. We look at team stability, sourcing edge, portfolio construction, incentives, reporting quality and past results where they're available.
04
Structure and operating review
We review the AIF (Alternative Investment Fund) structure, drawdowns, fees, carry, reporting burden, distribution timing, tax coordination and any secondary or co-investment complexity before execution.
Reference system
The framework draws from institutional diligence disciplines.
Allocator-side research discipline
Institutional diligence
ILPA (Institutional Limited Partners Association) principles and DDQ (due diligence questionnaire) discipline shape how we organize and challenge manager evidence.
Ethics and rigor
CFA Institute (Chartered Financial Analyst) standards shape how we separate facts, assumptions, analysis and opinion.
Alternatives literacy
CAIA (Chartered Alternative Investment Analyst) training supports clearer reading of private-market mechanics and trade-offs.
Allocator practice
Endowment, sovereign and institutional practices inform pacing, governance and portfolio-fit questions.
Boundaries
This methodology page is intentionally high level. Final tax, legal, regulatory and transaction execution decisions depend on the investor, structure and jurisdiction involved and should be handled with the appropriate counterparties.