1. Private placement memorandum (PPM)
Private placement memorandum is similar to "prospectus", which is a document written by fund managers to explain their own advantages and investment plans, and is used to recruit fund investors to participate in fund investment.
2. Raise promotional materials
Offering and recommendation materials are the publicity information of fund managers on specific fund products. Compared with the private placement memorandum, the fundraising and recommendation materials focus on describing the basic situation of the fund being raised, and the content is more concise, but the fund manager also needs to ensure the authenticity, completeness and accuracy of the fundraising and recommendation materials.
3. (Reverse) Due Diligence Information
(Reverse) due diligence materials are a series of explanatory materials about fund managers prepared and provided by fund managers according to the needs of fund investors, which usually include the basic situation of fund managers, internal governance and important systems of fund managers, historical fund or project performance, information of core team members, etc.
4. Articles of Association of the Fund
When some large-scale equity investment funds are raised, the fund manager will prepare the fund terms and conditions, describing the fund terms that important potential investors pay close attention to, as the basis for subsequent business negotiations between the two parties. The following is a list of common fund terms in the fund glossary.