STAGE 5 Summary: Portfolio Value Creation

negotiations; using [INV./FUND MANAGER NAME]’s standard term sheet templates is key here to limit the legal complexity of the deal.

● Obtain First External IC and MAC Approvals: The Asset Management and Legal teams need to schedule and send documents (i.e., e-CIM, term sheet and financial model) to the [FUND NAME]’s external IC and MAC committees for review and vote.

STAGE 3 SUMMARY: DUE DILIGENCE

Prepare for Due Diligence Use DD Request List and Checklist, which gathers documents that speaks to the state of gender equality and ESG at the company

Review Gathered Documents

Review Operational and HR documentation; Complete Gender-Smart Assessment using SEAF GES

Conduct Further Market Research & Enhance Commercial DD Conduct Management Interviews

Use a gender-smart interview guide; ensure equal participation of genders

Prepare Gender-Smart First 180-Days SOW and Project Plan Include corrective actions that will result in a higher gender-smart score

Prepare Final CIM

Using gender metrics from 2X criteria and collected gender and ESG information

Obtain Final External IC Approval Approved for Close

● Prepare for Due Diligence: Review what has been done to date, update the DD checklist, assemble the team and develop the schedule.

● Review Gathered Documents: Once key DD documents have been gathered from the company, review them for any red flags or issues (e.g., lawsuits, harassment, genderbased violence, etc.). Finance and legal teams should review audit reports, legal and corporate documents, finance records and accounts (assets and liabilities), HR policies, contracts, etc.

● Conduct Further Market Research & Enhance Commercial DD: Enhance the commercial

DD that has been completed to date with a deeper look into the financial assumptions.

Confirm or update those by completing primary market research.

● Conduct Management Interviews: The SGS team and RM meet with management and employees to further understand the business and to inform the growth plan.

● Prepare The First 180-Days SOW and Project Plan: SGS and RM update the 180-day project plan based on DD findings.

● Prepare Final CIM: Pulling the information found during due diligence and building upon the e-CIM drafted during light due diligence to write the final CIM that will be used by the

IIC and [FUND NAME] IC to vote on the investment.