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Governance

Institutional governance across investment, compliance, and reporting.

Gr3ySpace operates under a formal investment committee governance structure. All capital commitments above defined thresholds require investment committee approval, documented with written investment memos, underwriting outputs, program eligibility analysis, and third-party assessment reports.

Investment Committee

Founder-led, independent-informed, unanimity-gated.

Composition

  • Alexandra Pohl — Founder & CEO, Chair
  • Chief Investment Officer
  • Chief Compliance Officer
  • Independent advisory member with affordable housing finance experience

Authority & Threshold

No acquisition or development commitment may proceed without a completed IC memo and unanimous committee approval. The committee's approval standards are documented in the fund LPA, side letters, and the Gr3ySpace Investment Committee Charter.

Independent Functions

Compliance, audit, and valuation independent of the investment function.

Compliance

Rule 206(4)-7 Program

In-house compliance function with veto authority over marketing materials, personal trades, and political contributions, independent of CFO and Legal.

Risk

Weekly & Monthly Reviews

Chief Risk Officer runs a weekly Risk Review, monthly Firm Risk Report, and quarterly Concentration & Covenant Review — independent of CFO and Legal.

Legal

General Counsel

Independent counsel on legal-position questions, board minutes, LPAs and side letters, regulatory correspondence, and outside counsel supervision.

Valuations

Recommend and Ratify

Director of Valuations owns the recommended mark; CFO ratifies; annual review by a third-party valuation specialist.

Internal Audit

Audit Committee Reporting

Internal Audit reports primarily to the Audit Committee with an administrative dotted line to the CEO; structurally independent of CFO and Legal.

External Audit

PwC · LePore Law Group

PwC serves as external auditor; LePore Law Group serves as external legal counsel across the fund vehicles.

LP Governance

Advisory committee, reporting cadence, and disclosure standards.

  • Limited Partner Advisory Committee (LPAC) — Convened for material conflicts, key-person events, valuation escalation, and fee/expense review.
  • Quarterly Capital Account Statements — Delivered on the ILPA Reporting Template within 45 days of quarter end.
  • Audited Financial Statements — Prepared under U.S. GAAP and delivered within 120 days of fiscal year end.
  • DDQ & Form ADV — Institutional DDQ, Form ADV Parts 1 and 2A, and Form PF made available to qualified LPs under NDA.
  • Annual Meeting — Portfolio review, fund performance, ESG and impact metrics, and forward pipeline briefing.