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.
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.
Compliance, audit, and valuation independent of the investment function.
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.
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.
General Counsel
Independent counsel on legal-position questions, board minutes, LPAs and side letters, regulatory correspondence, and outside counsel supervision.
Recommend and Ratify
Director of Valuations owns the recommended mark; CFO ratifies; annual review by a third-party valuation specialist.
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.
PwC · LePore Law Group
PwC serves as external auditor; LePore Law Group serves as external legal counsel across the fund vehicles.
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.