4. an investment is recommended-by

4. an investment is recommended-
by this time, the company had presented to the entire partnership or the investment committee at the least once. in some cases, approval of the deal was almost guaranteed ; in others , there was still a non-negligible chance that the deal would be either refused outright or paused for additional due diligence. some firms made their decision immediately after the full presentation and informed the company at once ; others would grant the sponsor authority to negotiate a deal within certain parameters. in all cases this final decision would be made in a small group of GPs, although the larger partnership (including associates, venture partners , and , sometime , operations staff ) would have been exposed to the company earlier