If the initial review is of interest, IBCF will continue to work with the operating company's management team to analyze the company, industry and opportunity. Each investment prospect should provide a business plan that conveys a thorough description of the company, its operations and strategies. Prior to a potential investment, a business plan will need to address the following:
If the initial analysis is favorable, a proposal letter will be prepared outlining the general terms and conditions of an investment. Following negotiation and acceptance, the proposal will be submitted to Fund II’s general partner for final approval.
From the initial investment request to a mutually agreed upon investment proposal, the process usually takes sixty to ninety days. Legal documentation requires an additional thirty days. In rare circumstances, this time frame can be reduced to some degree.