#26 Due Diligence for Investors: Master PPM & Risk Review

Due Diligence for Investors in Alternative Assets

Master due diligence to protect and grow your investments. 

Due diligence isn’t just a formality—it’s your safeguard against costly mistakes. In this episode, securities attorney Roland Wiederaenders and corporate attorney Sarah Florer break down the essential documents, manager evaluations, and risk assessments every investor should master. Whether you’re reviewing a private equity fund, real estate syndication, or other alternative asset, you’ll gain the clarity and confidence to make informed, strategic capital allocations.

Top Takeaways for Mid‑Stage Investors

1. PPM Mastery – How to quickly extract the investment “story” and spot missing disclosures.
2. Operating Agreement Insights – Governance provisions and economic terms that directly impact your returns.
3. Subscription Agreement Essentials – Why countersignatures and accredited investor verification matter.
4. Manager Track Record Analysis – Avoid “cherry‑picked” results; demand the long story.
5. Team & Key Person Risk – Ensure continuity if a lead manager exits unexpectedly.
6. Strategy & Exit Clarity – Identify competitive advantages and realistic exit plans.
7. Risk Evaluation Framework – Market, operational, liquidity, financial, and regulatory risks to assess before committing capital.

Chapters

00:00 – Introduction to Due Diligence in Alternative Assets
02:06 – Understanding the Private Placement Memorandum (PPM)
08:33 – The Importance of the Operating Agreement
11:40 – Navigating the Subscription Agreement
17:14 – Evaluating Track Records of Investment Managers
23:37 – Assessing Team Dynamics and Management Structure
30:02 – Investment Strategies and Risk Evaluation

Credits

Sponsored by Real Advisers Capital, Austin, Texas

If you are interested in being a guest, please email us.

Disclaimers

“This production is for educational purposes only and is not intended as investment or legal advice.”

“The hosts of this podcast practice law with the law firm, Ferguson Braswell Fraser Kubasta PC; however, the views expressed on this podcast are solely those of the hosts and their guests, and not those of Ferguson Braswell Fraser Kubasta PC.”

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