Verification Memorandum
The evidence layer — claim registers, reperformance, valuation posture.
For desks that write their own investment memo.
Open the Verification MemorandumMandate 01 · Investment diligence
More diligence capacity for the decisions already on your desk.
We test the claims in a live deal and hand back a file your investment committee can take to a vote.
You see more deals than anyone can check.
The ones that go wrong are rarely the ones you declined. They are the ones where the deck was the only source, nobody had the hours, and the gap surfaced after the wire.
Capital should move on evidence, not on the seller’s paperwork.
What comes back
A finished file. Not a summary.
Project Aster: fictional subject, exact delivery format. Every figure reperformed, every claim tied to its source.
Open the fileInside this one file
31 source documents, each hashed. 16 evidence groups. A workbook with 107 live formulas. 24 audit checks, all passing.
What is in it
IC Cover Memorandum
The decision record — an explicit approve, approve-with-conditions, defer or decline, with conditions precedent.
For desks that want a finished record to circulate.
Open the IC Cover MemorandumBoth are in every package. We agree at intake which one leads, and match its structure to the format your committee already uses.
Management showed Year-5 revenue of US$12m from 400 accounts. The record required 202 new accounts in Year 5 against 110 in Year 4. We called it an unproven execution stretch and made the pass conditional.
How it runs
Three steps. Fixed fee.
- 01
You send the subject, the instrument and the decision date.
- 02
We test the material claims against the record, and put every contradiction to management.
- 03
You get the file, and a working session to take it apart with us.
01 · Core offer
Investment Verification Package
US$15,000 fixed
Next step
We agree at intake which document leads, and match its structure to the format your committee already uses.
What you receive and scope boundary
You receive
- One dated public-source screen as the external-evidence baseline
- Verification Memorandum with executive findings and valuation posture
- IC Cover Memorandum with an explicit approve, approve-with-conditions, defer or decline recommendation
- Claim-to-evidence register: supported, contradicted, unresolved and unverifiable findings
- Transaction, ownership, dilution and return-case reperformance where the evidence permits
- Digital-asset rights, token supply, custody, liquidity and treasury analysis where relevant
- Management Q&A and contradiction register
- Evidence workbook, open questions, conditions precedent and specialist referrals
- Working session with the commissioning client
Scope boundary
One live decision and the agreed material workstreams. Review domains, evidence cut-off and materiality threshold are fixed at intake. The same evidence standard applies even when material claims remain unsupported.
02 · Entry
Public-source screen
US$2,500 fixed
Next step
Solving this question reveals the next one. If the screen supports private diligence, the Verification Package answers it — not a parallel product.
What you receive and scope boundary
You receive
- One dated public-source screen
- Public on-chain records and public-fact checks for one named subject and agreed question
- Material public red flags, contradictions and missing evidence
- Conclusion, source list, limitations and the next diligence question
Scope boundary
Public sources only. This is a preliminary screen, not a Verification Memorandum. Finding no material public red flag does not verify the subject or the transaction.
- Commitment underwritten US$750,000
- Capital at risk in its downside case US$384,375
- What the review costs US$15,000
Project Aster, its own figures. The fee is 2% of the position it tests, and 3.9% of what the downside would have cost.
Express in 5 working days, US$22,000. Multi-entity, credit and secondary packages from US$22,000.
Have a live decision?
Tell us the subject, the instrument and the decision date. No sensitive files needed to confirm fit.
Send a live decision