Fund of Funds

Monitor Every GP,
Every Fund, Every Quarter

GP relationships, fund commitments, and performance metrics — all in one dashboard. Every data point traced to its source.

Calls

Every GP call, captured.

Emblem transcribes manager meetings, AGMs, and advisory board calls — organized by GP relationship and searchable across funds.

GP Meeting — Meridian Partners
Annual ReviewMar 6, 2026 · 48 min · 2 speakers
Meridian Partners
SL
Stephen Lee02:08

Fund III net IRR is showing 22%. How much of that is driven by the top three positions?

KR
Katherine Ross02:32

About 60% of the return is coming from the top three. The largest — Velocity Labs — is marked at 4.8x and drives roughly 800bps of the net IRR. Concentration has been coming down as newer investments mature.

SL
Stephen Lee03:04

And the deployment pace — where are you on capital committed versus invested?

KR
Katherine Ross03:22

We're 65% deployed with four new platforms in the pipeline. We expect to be 85% deployed by year-end, which is right on pace with Funds I and II at the same vintage point.

Fund III net IRR 22% · Top 3 = 60% of returns · 65% deployed · 4 platforms in pipeline
Manager Review — Fund IV Candidates.pptx
FileEditViewInsertSlide Show

Manager Comparison

Fund IV Candidates · Q1 2026
Manager
Strategy
Net IRR
DPI
TVPI
Summit Capital
Buyout
18.4%
1.2x
2.1x
Meridian Partners
Growth
22.1%
0.8x
1.9x
Atlas Fund Grp
Buyout
15.8%
1.4x
1.8x
Crestline Equity
Growth
24.6%
0.6x
2.3x
Market Median
16.2%
1.0x
1.7x
Sources: GP Quarterly Reports, Cambridge Associates, Internal DDQ Analysis
Decks

Manager evaluation decks.

Turn DDQs, track records, and meeting notes into structured manager evaluations and IC presentations automatically.

Financial Model.xlsx
FileEditViewFormatDataTools
A
B
C
D
E
1
Metric
2024
2025E
2026E
Source
2
Total NAV
$2.84B
$3.12B
$3.48B
GP Rpt
3
DPI
0.68x
0.82x
0.96x
Calc
4
TVPI
1.42x
1.58x
1.72x
Calc
5
Blended IRR
16.8%
18.2%
19.4%
Model
Summary
Assumptions
Returns
Comps
Models

Allocation and pacing models.

Model commitment pacing, capital calls, and distribution forecasts from live portfolio data. Every assumption is traceable.

Portfolio

Every GP, every fund, one view.

Monitor NAV, IRR, and cash flows across all managers and funds from a single consolidated dashboard.

Emblem

Fund of Funds Dashboard

Committed Capital$2.4B
Portfolio NAV$3.1B
Blended IRR18.6%
DPI0.8x
NAV vs Committed
IRR Over Time
Manager Summary
ManagerStrategyCommitmentNAVIRRStatus
Summit CapitalBuyout$180M$312M22%Active
Meridian PartnersGrowth$120M$198M18%Active
Atlas Fund GrpBuyout$200M$340M16%Active
Crestline EquityGrowth$95M$142M24%Active
Integrations

Plugs into your stack.

CRMs, cloud drives, AI models, and Office formats — Emblem connects to the tools your firm already uses. No migration, no lock-in.

CRM
Affinity
DealCloud
Salesforce
HubSpot
Attio
Airtable
Cloud Storage
Google Drive
OneDrive
Box
Dropbox
Egnyte
AI Models
OpenAI
Claude
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Grok
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Output
Word
PowerPoint
Excel
Full Lifecycle

GP evaluation to LP reporting
— every fund connected.

The DDQ analysis that approved a GP feeds the dashboard that tracks their performance for years to come.

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