the monitoring phase board meetings will usually take place four to six times a year and potentially even more than that. These are usually held at the company site or at the PE firm and will include multiple management members such as the CEO and CFO the portfolio company normally provides board packs, which are analyzed thoroughly by the private Equity deal team ahead of the meeting these include Financial results Audits and material developments often. The board is comprised of two to three deal team members the CEO the CFO and one or two non-executive board directors appointed by the private Equity deal team.

Limited partner or LP meetings take place quarterly with one annual meeting. These are very important as they allow the private Equity company to show the LPS. What work they have been doing presentations will be made with current valuations of portfolio companies expected performance how much investment has taken place changes that the private Equity Firm and successes and failures. A lot of preparation goes into these meetings by the investor relations team, but also by investment professionals who are closest to the portfolio companies and any ongoing investment or divestment processes.

LP memorandums and in-person presentations are also given at all of these meetings often. These can become challenging if the fund is not performing with lots of information gathering required to answer LP concerns.

During the monitoring phase deal teams meet regularly to discuss ongoings at the investment. These meetings will involve analysis of financial performance often on a monthly basis as monthly information is shared by the management team as well as discussions around how well management is executing the business plan. The team will also discuss any intervention needed from the private Equity Fund for capital or legal structure work or exit preparation.

Finally, these meetings will also take place on an impromptu basis based on surprise events that impact the investment where the macro or company specific deal teams will also be keeping up to date on industry events. This will be through information from management independent research and regular meetings with external advisors and Industry authorities.

Investment committee updates or meetings take place. When a material decision occurs. This may be an add-on acquisition or a suggestion by the deal team to change the capital structure or a discussion regarding starting the sale process of the investment.

These will involve the deal team and always include a short memo or presentation often with a valuation update recent trading material developments and a suggested root forward.