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Advanced Due Diligence Frameworks for Private Market Investments

A rigorous, India-specific playbook for diligencing private market deals and the funds that make them. Build a repeatable process from first screen to investment memo, then go deep on the four pillars that decide outcomes: the business, the numbers, the legal and regulatory position, and the people. Learn to rebuild revenue quality from GST returns and bank statements, run MCA and litigation searches, read a shareholders' agreement for the clauses that actually move money, test a startup's unit economics and a founder's background, and diligence an AIF manager on track record, fees and governance. Finish with a scoring framework, red-flag library and two full Indian case studies. Built for HNIs and family offices writing private cheques, angel syndicate leads running deals for co-investors, and experienced traders moving into unlisted assets.

MODULES

7

DURATION

4 Hours

TRACK

Alternative Investing

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

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Curriculum Breakdown

Chapter 1: Why Private Market Diligence Is a Different Game

4 Lessons

Information Asymmetry in Unlisted Markets: What You Cannot See Will Hurt You11 min read

The Private Market Diligence Lifecycle: Screen, Term Sheet, Confirmatory, Close12 min read

Scoping and Budgeting Diligence: Proportionate Effort for a ₹25 Lakh vs ₹5 Crore Cheque11 min read

Building Your Diligence Team: When to Hire CAs, Lawyers and Forensic Specialists10 min read

Chapter 2: Commercial Due Diligence

4 Lessons

Stress-Testing the Market Size: Bottom-Up TAM for Indian Businesses12 min read

Customer Reference Calls and Channel Checks That Actually Reveal Something12 min read

Competitive Position and Moat Testing for Private Companies11 min read

Unit Economics Diligence: CAC, LTV, Contribution Margin and Cohort Retention14 min read

Chapter 3: Financial and Tax Due Diligence

5 Lessons

Quality of Earnings: Normalising EBITDA in Indian Private Companies14 min read

Triangulating Revenue: GST Returns, Bank Statements and the Books13 min read

Working Capital, Debt-Like Items and the Net Debt Bridge13 min read

Tax Exposure Diligence: Pending Demands, Angel Tax History and Rule 11UA Valuations12 min read

Stress-Testing the Management Business Plan12 min read

Chapter 4: Legal, Regulatory and Structural Due Diligence

4 Lessons

Corporate Records Diligence: MCA Filings, Charges and the Real Shareholding12 min read

Reading a Shareholders' Agreement for Economic Rights: Liquidation Preference, Anti-Dilution and Drag-Along14 min read

Litigation, Licences and Regulatory Compliance Checks11 min read

FEMA, ODI and Cross-Border Structuring Risks for Indian Investors12 min read

Chapter 5: People, Governance and Integrity Due Diligence

3 Lessons

Founder and Promoter Background Checks: Beyond the LinkedIn Profile12 min read

Related Party Transactions and Governance Leakage in Promoter-Run Companies12 min read

Forensic Red Flags: Round-Tripping, Circular Revenue and Shell Vendors13 min read

Chapter 6: Diligencing Funds and Managers

4 Lessons

Operational Due Diligence on an AIF: Valuation Policy, Custody and Controls12 min read

Deconstructing a GP Track Record: Attribution, Dispersion and Realised vs Unrealised14 min read

Fee and Terms Diligence: Modelling the Waterfall and Negotiating Side Letters13 min read

Syndicate and Co-Investment Diligence: Lead Investor Alignment and SPV Mechanics12 min read

Chapter 7: From Findings to Decision

5 Lessons

A Weighted Scoring Framework for Private Deals12 min read

Writing the Investment Memo: Thesis, Risks and Kill Criteria12 min read

Turning Diligence Findings Into Protective Terms: Conditions Precedent, Warranties and Indemnities13 min read

Case Study: Diligencing a Series A D2C Brand for a Family Office15 min read

Case Study: Walking Away From a Pre-IPO Unlisted Share Deal14 min read