OPERATIONAL DUE DILIGENCE IN PRIVATE EQUITY - COMPANION FILES
julianrsterling.com/odd

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Revised 22 September 2026.

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WHAT IS IN THE ARCHIVE

1. The book's workbook
   ODD_Rating_Model.xlsx      Chapter 3 and Appendix E: the rating model, broken
   00_START_HERE.md

2. Blank_Model_Set/  (new)
   ODD_Rating_Model_Blank.xlsx
   The same model with the managers and thresholds emptied, for your own review
   programme. Rows without a manager name are ignored. The checks sheet counts what
   is still missing and tests that no fatal flaw is approved. The book's inputs are
   in book_inputs.txt.

3. Working_Documents.pdf  (new)
   Four working documents on seven printable pages: the Appendix A request list
   (seventy items), the Appendix B red-flag register, a rating scorecard with the
   veto rules, and the Appendix C first ninety days of an analyst. A4, fits Letter.

4. Forty_Questions.xlsx  (new)
   Forty questions across the book, marked by the file as you type.

5. Cases/  (new)
   Case_1_The_Change_Of_Instruction.xlsx                  a payment fraud and three controls
   Case_2_The_Marks_That_Come_Down_At_Year_End.xlsx       optimistic interim valuations
   Case_3_The_Broken_Deals_Co_Investors_Do_Not_Pay_For.xlsx   expense allocation
   Each case: the note on the first sheet, the model after it, checks at the end.

The files open in Excel, LibreOffice Calc, Google Sheets and Numbers. No macros.
