QUESTIONS
Strategy scope, capital structures, investment documents and risk.
A common view of capital, with distinct disciplines for different businesses, assets and investment objectives.
Ownership and lending allocate economic participation, decision rights and risk in different ways.
Begin with the business or asset, the decision being considered and the purpose of the capital.
A strategy description provides context. The documents for a particular investment define its terms.
The investment case and the possibility of loss need to be considered together.