Define the mandate
Clear criteria for the investment conversation
Retain the reasoning behind investment decisions.
Preserve the mandate, the decision and the reason, so investment knowledge remains useful when people or priorities change.
The reason for a decision lives with one person.
Mandate exceptions are remembered differently.
A team change breaks the link to earlier diligence.
The investment process
Inputs, review and output.
Inspect the source, review responsibility and required output at each stage of the process.
Orenda Identity · Direct investment
01 / 05
Receive the opportunity
Retain the management-reported status of the figures until they have been verified.
- What comes in
- £4m proposed cheque. £7.2m revenue. 91% recurring revenue. United Kingdom.
- What leaves this step
- An opportunity with dated inputs and a source reference.
Retain the decision and evidence
A dated record of decisions and exceptions
Retrieve the relevant precedent
Investment history available through a team handover
What good looks like
A record that supports the next review.
Retain the source, the investment rationale and the review decision. Keep subsequent updates separate from the original record.
Record why the opportunity was declined
Distinguish a pass on valuation from a mandate exception, concentration concern or evidence gap. Retain the source and decision date, together with any conditions for reconsideration. These distinctions help a future analyst assess whether the investment case has changed.
Include the relevant relationships
An introducer may connect an opportunity to an existing holding, co-investor or earlier committee discussion. Retain the source supporting that relationship and make its relevance explicit. Familiarity provides context for diligence; it does not establish the quality of the investment.
Make the record usable at handover
Retain the decision, supporting documents, unresolved questions and review owner in the investment record. A new team member should be able to reconstruct the case from those materials and understand the next action without relying on an informal recollection of the meeting.
The next investmentAvenset
Bring your next
investment
into focus.
Review a new opportunity against your mandate. See the supporting evidence, material risks and questions for diligence.