How we vet before anything becomes worth your attention
A diligence framework designed for physicians and high earners: incentives, structure, downside stress tests, and operator quality—before you spend time.
What "vetted" means here
- We ignore marketing decks and start with structure, incentives, and downside
- We require operator transparency and direct access
- We stress test assumptions with conservative scenarios
- We do not custody funds and do not promise outcomes
Our process
Source screen
Who is the operator/sponsor? What is their track record?
Structure screen
Fees, waterfall, alignment, legal docs
Underwriting screen
Cash flow drivers, sensitivity analysis
Operational screen
Team, reporting cadence, controls
Risk register
Top failure modes + mitigations
Fit decision
Does it match your timeline/risk/liquidity constraints?
Documents we request
- Operating agreement / PPM (if applicable)
- Fee schedule and waterfall
- Track record summary (completed projects)
- Third-party reports where relevant (engineering, inspections, comps)
- Reporting cadence and investor communication policy
Red flags that end the conversation
- Unclear fees or "platform" charges that dilute returns without accountability
- No clear liquidity/exit path
- No stress testing (only rosy projections)
- Operator avoids questions or cannot provide docs
- Misaligned incentives (GP wins while LP absorbs most downside)
- Numbers break with a 20-25% haircut to assumptions
How to use this
Bring your CPA and attorney. We provide summaries and data, but independent review is your responsibility.
FAQ
No. We do not custody investor funds.
No. We do not guarantee returns or outcomes.
We sometimes invest personally; we do not rely on that as a guarantee.
Use the Capital Strategy Intake to get routed based on your constraints and goals.
Get routed by fit
Informational only. Not an offer to sell securities or a solicitation to buy. Not financial/tax/legal advice. Do not submit PHI or account numbers.