Key takeaways
- Delsivo's committee workflow is planned for a later release. It is not part of the pilot or the first release.
- The plan: memos drafted from the deal's cited evidence, packets frozen at the time of review, independent reviews, and decisions recorded with reasons.
- The pilot already keeps what a committee needs: deck facts with citations, the thesis check, claims with evidence labels and audit history.
- Committee members will see only the packets assigned to them.
How funds prepare committee decisions today
At most small funds, the investment committee is a meeting with a memo. An associate or partner writes the memo in a document, attaches the deck and diligence notes, and sends it round. Members read it, sometimes discuss it first in a chat, then meet and decide. The decision and its reasons end up in meeting notes, an email, or nowhere.
That works until someone asks, months later, what the committee knew when it decided. The memo may have been edited since, and the numbers in it may have come from an earlier deck. The guide to running an investment committee covers the meeting itself.
What investment committee software should record
- The memo as it was when members read it, not as it was edited afterwards.
- Where each number in the memo came from, down to the slide, page or answer.
- Each member's view, written before the discussion so early opinions don't steer the rest.
- The decision, who made it, and the reasons, including conditions and dissent.
- Which open claims were still unresolved at the time.
Delsivo's committee workflow, planned for a later release
Committee features sit in Delsivo's later release. The design: a memo drafted from the deal's cited evidence for a person to edit, a decision packet frozen when it is sent so everyone reviews the same version, independent reviews collected before the discussion, and a decision recorded with its reasons. Committee members see only the packets assigned to them.
None of this is built yet, and no date is set. Design partners help decide what it needs. The investment memo template works with any tool in the meantime.
What the pilot already gives a committee
The evidence a committee reads is built in the pilot. Each deck fact cites its slide, each thesis criterion shows its rule, value and source, and each claim carries a label and its sources. The audit history records every stage change, override and its reason. A partner preparing a memo today can pull from that record instead of rereading everything.
Memo drafts and briefs from AI are labelled as drafts for a person to edit. Decisions stay with people, as they do at every stage. See claims and evidence and how it works.