361Firm - Fund Due Diligence Checklist (2025)

	A	B	C	D	E	F	G
1		Open End Fund	Closed End Fund	Direct Invest (Sponsor led)	Response	Links to Docs	Comments

2	Manager Document Checklist
3	Company Name (management company/sponsor/issuer)	Provide	Provide	Provide
4	Client contact info: address, phone, website, etc.	Provide	Provide	Provide
5	Brief history of the Client (including AUM; may refer to prepared documentation)	Provide	Provide	Provide
6	Background on relationship between 361Firm & Client	Provide	Provide	Provide
7	Client founding datep	Provide	Provide	Provide
8	Client # of employees	Provide	Provide	Provide
9	Current Client Investor Presentation	Provide	Provide	Provide
10	Current Client AIMA / DDQ	Provide	Provide	Provide
11	Regulatory authority registrations & documents (e.g. SEC, ADV Part I & Part II)	Provide	Provide	Provide
12	Regulatory authority audit/exam reports	Provide	Provide	Provide
13	Biography & Resume of each Managing Partner and all members of Investment team	Provide	Provide	Provide
14	Professional Reference List of each Managing Partner	Provide	Provide	Provide
15	Organizational chart – Chart showing relationships between all Client (and applicable Product) entities	Provide	Provide	Provide
16	Compliance Policies; Code of Ethics	Provide	Provide	Provide
17	Valuation Policies	Provide	Provide	Provide
18	Third Party Service Provider Oversight	Provide	Provide	Provide
19	Client Certificate of Incorporation	Provide	Provide	Provide
20	Information about the engagement of other third party marketing firms	Provide	Provide	Provide
21	Client Due Diligence Questions
22	Has a Principal been part of an entity suspended redemptions and/or subscriptions?	If yes, explain	If yes, explain	If yes, explain
23	Any Principals part of an entity put in involuntary dissolution or had assets frozen, seized or impaired?	If yes, explain	If yes, explain	If yes, explain
24	Have the Client or related entities been involved in any mediation, arbitration or litigation?	If yes, explain	If yes, explain	If yes, explain
25	Any knowledge of senior employees facing civil, criminal or regulatory lawsuits or arbitration?	If yes, explain	If yes, explain	If yes, explain
26	Has the Client or related entities or Principals been censured or fined from regulatory agencies?	If yes, explain	If yes, explain	If yes, explain
27	Any material change in Client's assets or capital at any time?	If yes, explain	If yes, explain	If yes, explain
28	Are there any material economic contingencies or liabilities of the firm?	If yes, explain	If yes, explain	If yes, explain
29	Any internal, employee-only investments managed by Client not available to outside investors?	If yes, explain	If yes, explain	n/a
30	Have any Client's entities ever gated, restructured or not fully paid redemptions and/or distributions?	If yes, explain	n/a	n/a
31	Any investors in Client's funds with multiple investments in the Product greater than 15% of AUM?	If yes, explain	If yes, explain	If yes, explain
32	Any "first loss" capital requiring Client to bear disproportionate share of any investment losses.	If yes, explain	n/a	n/a
33	Do any investors have side letters with any of the Products or manager? If so, explain	If yes, explain	If yes, explain	n/a
34	Any current or pending organizational updates (turn-over, service provider changes, etc.)?	If yes, explain	If yes, explain	If yes, explain
35	Are there any conflicts unique relative to compensation, service provider relationships, incentives, etc?	If yes, explain	If yes, explain	If yes, explain
36	Investment Product Document Checklist
37	Background on the product(s) being reviewed.	Provide	Provide	Provide
38	Current AUM	Provide	Provide	case specific
39	Capital Raising Terms (summary)	Provide	Provide	Provide
40	Estimate of Pre Money Valuation	n/a	n/a	Provide soon
41	Current Product Presentation (if Product specific version exists separate from manager's presentation)	Provide	Provide	Provide
42	Current Offering Memorandum/Term Sheet	Provide	Provide	case specific
43	Current LP Agreement & Subscription Documents	Provide	Provide	case specific
44	Investment Management Agreement	Provide	Provide	case specific
45	Current AIMA - or Similar - DDQ (if Product specific version exists separate from manager DDQ)	Provide	Provide	case specific
46	Deal Model	n/a	n/a	Provide soon
47	Cap Table	n/a	n/a	Provide
48	Previous Fund / Capital Raise Offering Document	n/a	case specific	case specific
49	All Completed Financial Audits Since Inception	Provide	Provide	case specific
50	Agreement with Product Administrator	Provide	case specific	n/a
51	Agreement with Product Auditor	Provide	Provide	case specific
52	Registration of the Product with Regulator (if applicable)	Provide	Provide	n/a
53	Product's Certificate of Incorporation / Articles of Incorporation	Provide	Provide	case specific
54	Copies of All Communications Sent to Investors Over Last 12 Months	Provide	Provide	case specific
55	History of Capital Structure since inception	Provide	Provide	case specific
56	Monthly Performance Returns Since Product's Inception	Provide	Provide	n/a
57	Related Products managed by the Manager
58	Launch Date	case specific	case specific	case specific
59	AUM	case specific	case specific	case specific
60	Monthly Historical Track Record	case specific	case specific	case specific
61	Historical Track Record Exception	case specific	case specific	case specific
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