Governance
Governance
Institutional controls. Genuine alignment.
LimeStone is built to the standards institutional investors expect: independent oversight, transparent reporting, and a fee and carry structure that pays only after our investors are made whole.
Alignment of Interest
Our capital sits beside yours.
2% GP Commitment
A meaningful general partner commitment in every fund ensures shared outcomes.
9% Preferred Return
Compounded preferred return delivered to LPs before any carried interest is earned.
Escrowed Carry
30% of carried interest held in escrow with a full clawback obligation.
European Waterfall
Whole-fund waterfall — investors receive capital and preferred return first.
Oversight & Controls
Independent, institutional infrastructure.
- Fund Structure
- Delaware limited partnerships
- Auditor
- PwC (independent annual audit)
- Legal Counsel
- LePore Law Group
- Fund Administration
- Independent third-party administrator
- Quarterly Financials
- Delivered within 45 days of quarter-end
- Annual Audited Financials
- Delivered within 90 days of year-end
- LP Advisory Committees
- Established at first close of each fund
- Key Person
- Alexandra Pohl chairs the Investment Committee
Oversight
Independent controls at every decision point.
Investment Committee
A four-stage approval process.
No capital is committed without unanimous Investment Committee approval.
Initial Screen
Preliminary review against the firm's acquisition criteria.
Underwriting Review
Full diligence, entitlement modeling, and return analysis.
IC Review
Investment Committee deliberation and risk assessment.
Final Approval
Unanimous Investment Committee vote required to proceed.
Responsible Investing
Aligned with recognized frameworks.
Principles for Responsible Investment
Institutional Limited Partners Association standards
Task Force on Climate-related Financial Disclosures
Diligence made straightforward.
Our investor relations team can provide governance documentation, DDQ responses, and audited financials on request.