Part X
Graduate School: Specialization Tracks
The sponsor vehicle and sector specialization. Deal-by-deal capital, the quiet raise, and diligence methods for sectors where contract data can be verified externally.
Track A: The Independent Sponsor
- LA.1
The Sponsor Vehicle
Deal-by-deal capital versus committed funds, how sponsor economics are typically benchmarked, why an independent sponsor should not try to win a banked auction, and why a long list of capital-provider conversations is a normal first raise.
SponsorGraduate - LA.3
Raising
The quiet, relationship-first soft-circle process that precedes any public solicitation, segmenting investors by who actually writes checks at this size, selling the re-rating rather than the payoff, and funding the sponsor commitment without personal-recourse debt.
SponsorGraduate
Track B: GovCon
- LB.4
GovCon Diligence
Validating earnings against the contract schedule, verifying win rates against public award data, testing whether joint ventures and mentor relationships transfer, reading past performance records, and treating compliance cost as an underwriting line item rather than a footnote.
SponsorGraduate