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DDQ

Due diligence questionnaire: a standardised question set covering strategy, team, track record, operations, compliance, valuation and terms. ILPA and AIMA publish widely used templates.

DDQ — Due diligence questionnaire: a standardised question set covering strategy, team, track record, operations, compliance, valuation and terms. ILPA and AIMA publish widely used templates.

Allocators read a DDQ looking for inconsistency, evasion and gaps far more than for impressive answers — and cross-check responses against audited financials, service provider confirmations and references, so anything that fails to reconcile becomes the whole conversation.

Frequently asked questions

Who publishes standard DDQ templates?

ILPA in private equity and AIMA in hedge funds both publish widely used templates, though many allocators use their own variant or a hybrid.

Should a manager prepare a DDQ before being asked?

Yes — a maintained master DDQ turns every future allocator request into an editing exercise rather than a scramble, and materially shortens diligence timelines.

Nothing on this page is legal, tax, or investment advice. SeRuM is not a registered broker-dealer, not a placement agent, and not an investment adviser.

Data roomA permissioned repository of diligence materials. See the data room checklist for what bel ILPAThe Institutional Limited Partners Association, whose principles, reporting templates and ODDOperational due diligence: assessment of the infrastructure around a strategy — service pr

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