1. Sponsor Underwriting & Background Intelligence
We conduct independent sponsor analysis including:
• Track record validation (realized vs. projected returns)
• Capital stack stress testing
• Debt structure review
• Litigation & bankruptcy search
• Fee structure evaluation
• Alignment of interest analysis
• Underwriting sensitivity scenarios
• Reference verification
Objective: Identify hidden risks before capital commitment.
2. Fund & Deal Structure Review
We analyze:
• Distribution waterfalls
• Preferred return mechanics
• Catch-up provisions
• Promote tiers
• Capital call terms
• Removal provisions
• Key-man clauses
• Advisory committee rights
• Side-letter negotiation opportunities
Objective: Improve structural protection and alignment before subscription.
Solutions For Limited Partners
Institutional-Level Due Diligence & Risk Intelligence
At Manou Estates, we support Limited Partners in making disciplined, risk-adjusted real estate investment decisions.
We operate independently from General Partners to provide objective analysis, strategic evaluation, and capital protection insight.
3. Capital Stack & Leverage Risk Assessment
We perform:
• Loan-to-value analysis
• Interest rate exposure review
• Floating-rate sensitivity modeling
• Refinance risk projection
• Debt covenant review
• Exit cap compression stress testing
Objective: Protect LP capital from macro and refinancing risk.
4. Portfolio Construction Strategy for LPs
We help LPs build diversified, risk-balanced exposure across:
• Sponsors
• Asset classes
• Geographic markets
• Debt vs. equity allocations
• Value-add vs. core strategies
This reduces concentration risk and volatility across cycles.
Objective: Create institutional-level portfolio balance.
5. Ongoing Monitoring & Governance Oversight
We provide:
• Quarterly performance benchmarking
• Underwriting vs. actual variance analysis
• Sponsor communication review
• Debt maturity timeline tracking
• Early warning risk identification
• Independent reporting summaries
Objective: Provide early detection of drift before losses compound.
LP Risk Intelligence Engagement Structures
Tier 1 – Single Deal Due Diligence
$10,000 – $25,000 per engagement
(Pricing based on complexity, documentation volume, and capital structure)
Designed for LPs evaluating a specific fund or real estate opportunity prior to capital commitment.
Scope Includes:
• Independent sponsor track record review
• Underwriting assumption sensitivity analysis
• Capital stack & leverage assessment
• Fee structure & waterfall review
• Governance and key-man provision review
• Background & litigation screening (public records)
• Structured written risk findings report
Deliverable:
Comprehensive Independent Risk Findings Memorandum outlining structural observations, potential exposure areas, and alignment considerations.
Tier 2 – Annual LP Advisory Retainer
$65,000 – $140,000 annually (flat consulting fee)
Designed for LPs reviewing multiple opportunities per year and seeking ongoing independent risk oversight.
Scope Includes:
• Structured review of up to 6–8 opportunities annually
• Diversification & exposure concentration analysis
• Quarterly performance variance review (underwriting vs. actual)
• Capital structure & refinance risk monitoring
• Governance document review support
• Direct advisory access for risk-related consultations
Deliverable:
Quarterly LP Risk Summary Reports + ongoing independent evaluation support.
Tier 3 – Institutional Risk Oversight
Custom Fixed Annual Fee (quoted based on scope and portfolio size)
Designed for family offices, institutional investors, and private capital allocators deploying significant capital across multiple sponsors.
Scope Includes:
• Portfolio-wide sponsor concentration analysis
• Cross-market leverage exposure review
• Interest rate & refinance sensitivity modeling
• Ongoing capital stack monitoring across holdings
• Independent governance and structural document review
• Advisory committee preparation support (risk-focused)
• Periodic institutional-grade risk intelligence reporting
Deliverable:
Comprehensive Portfolio Risk Intelligence Framework with recurring oversight reporting.
Important Disclosure
Manou Estates provides independent consulting and risk intelligence services only. We are not a registered investment advisor, broker-dealer, or asset manager. We do not provide investment advice, securities recommendations, or capital placement services.
