FOR PRIVATE EQUITY FUNDS
Fund governance and
value creation
Seven services covering every moment that matters to a mid-market GP. Exits, fundraises, acquisitions, and the holding period in between. One practitioner.
01
Exit Readiness
PRE-EXIT PREPARATION
Eighteen months before a sale, we find what a buyer’s diligence team will find in week one of the data room — while there is still time to fix it, frame it, or reflect it in the price. Every LP obligation checked. Every governance gap quantified. Every finding comes with a treatment recommendation: price, escrow, warranty, or condition. A clean exit is not luck. It is preparation.
18 to 24 months before the anticipated exit process launch. That timeline is not arbitrary: it is the window in which every finding can still be fixed, evidenced, and credibly presented to a buyer.governance gap quantified. Every finding comes with a treatment recommendation: price, escrow, warranty, or condition. A clean exit is not luck. It is preparation.
02
LP Intelligence
LP OBLIGATIONS AND FUNDRAISING
Every fund makes promises to its LPs. Surprisingly few can tell you, on demand, exactly where all of those promises live. We read every side letter, map every obligation, build the register that makes LP management proactive rather than reactive — and we position your fund ahead of re-up decisions from a place of demonstrated quality, not catch-up.
Before a new LP is added, before a re-up conversation begins, or when a fundraise is 12 months out. The MFN cascade risk makes LP obligation mapping most valuable before the subscription is signed, not after.
03
Regulatory Radar
REGULATORY INTELLIGENCE
We track and translate evolving regulations into actionable intelligence across five jurisdictions — so regulatory issues become manageable variables and competitive advantages rather than value destroyers. A static compliance checklist built last year is already wrong. We maintain a live register that reflects regulations as they actually stand today.
When a portfolio company has operations, customers, or suppliers in more than one jurisdiction — or when an incoming regulatory change may affect the fund’s exit timeline or valuation story.
04
Deal Intelligence
PRE-ACQUISITION DILIGENCE
Governance and regulatory exposure on a target, identified before the bid goes in. We surface the risks financial DD misses — board quality, LP obligation implications, change-of-control complexities, related-party transactions, and regulatory exposure — and we express every finding in the language that matters at the deal table: what it costs, and how to treat it.
Before the bid is submitted. The governance hypothesis is formed from public records before data room access — so the right questions are asked in the data room, not after the SPA is signed.
05
Portfolio Signals
Governance deterioration is visible in the signals months before it reaches the income statement. Most funds find out when it reaches the numbers. We build a sector-specific monitoring system using SASB industry materiality indicators — and we track it quarter by quarter so you see issues developing while there is still time to act. Early signals. Early action. Better outcomes at exit.
At acquisition, when the baseline can be set against a known starting point. Mid-hold engagements are also valuable — but the earlier the baseline is established, the stronger the exit narrative it supports.
06
Value Engineering
Institutional buyers price governance quality into the exit multiple. The governance work that feels like overhead is, in fund economics, the protection of the carry. We identify the specific improvements that close the gap between your current governance and the standard that sophisticated buyers pay a premium to acquire — and we build the evidence trail from day one of the hold.
24 months before the anticipated exit. An independent director appointed 18 months before a process is genuine oversight. The same director appointed three months before is governance theatre — and buyers discount it accordingly.
07
The Embedded Partner
FLAGSHIP ENGAGEMENT
All six services running as one continuous function for a single fund. Your fractional Chief Value Officer — embedded across deals, portfolio, LP relationships, and regulatory obligations on retainer. The longer the relationship, the more the knowledge compounds. This is not episodic consulting. It is an ongoing partnership built around your fund economics.
At month 18, Valmarga holds more fund-specific intelligence than any external adviser who has worked episodically. That knowledge base is the moat.