> ## Documentation Index
> Fetch the complete documentation index at: https://financecontext.com/llms.txt
> Use this file to discover all available pages before exploring further.

# /ic-memo

> Draft a structured investment committee memo synthesizing due diligence findings

## What is an IC Memo?

An **Investment Committee (IC) memo** is the formal written document that a deal team presents to the firm's investment committee to recommend (or decline) an investment. The IC is a small group of senior partners who make the final go/no-go decision on every deal. The memo synthesizes weeks or months of due diligence, financial analysis, and deal negotiation into a structured argument.

A strong IC memo is balanced, factual, and honest about risks. IC members are experienced investors who will find the weaknesses regardless -- presenting both bull and bear cases builds credibility and leads to better decisions. Most PE firms have a standardized memo format to ensure consistency across deals.

## Command

```bash theme={null}
/ic-memo [company name]
```

Loads the `ic-memo` skill and drafts a structured IC memo from due diligence findings, financial analysis, and deal terms.

<Tabs>
  <Tab title="With company name">
    ```bash theme={null}
    /ic-memo Acme Industrial Services
    ```
  </Tab>

  <Tab title="Without company name">
    ```bash theme={null}
    /ic-memo
    ```

    Claude will ask for the target company and gather inputs from prior session analysis.
  </Tab>
</Tabs>

## IC Memo Structure

| Section                    | Content                                                                               |
| -------------------------- | ------------------------------------------------------------------------------------- |
| I. Executive Summary       | Company description, deal rationale, key terms, recommendation, top risks             |
| II. Company Overview       | Business description, customers, go-to-market, competitive positioning, management    |
| III. Industry & Market     | Market size and growth, competitive landscape, secular trends, regulatory environment |
| IV. Financial Analysis     | Historical performance, quality of earnings, working capital, capex                   |
| V. Investment Thesis       | 3-5 investment pillars, value creation levers, 100-day priorities                     |
| VI. Deal Terms & Structure | Enterprise value, sources & uses, capital structure, key legal terms                  |
| VII. Returns Analysis      | Base/upside/downside scenarios, IRR and MOIC, key assumptions, sensitivities          |
| VIII. Risk Factors         | Ranked risks, mitigants, deal-breaker risks                                           |
| IX. Recommendation         | Proceed / Pass / Conditional proceed                                                  |

## Output Format

* Default: Word document (.docx) with professional formatting
* Alternative: Markdown for quick review
* Financial tables for all key exhibits (not just prose)

<Warning>
  IC memos must be balanced -- present both bull and bear cases honestly. IC members will find the risks anyway; credibility matters more than selling the deal.
</Warning>

## How to Customize

Edit the `ic-memo` skill to match your firm's standard IC memo template, add required sections, or adjust the recommendation format.

## Related Skill

See the [IC Memo skill](/en/private-equity/skills/ic-memo) for the complete memo framework and guidance on gathering inputs.