4
Active funds
How is your firm built?
See how fund size, portfolio choices and team capacity work together. This walkthrough follows the questions Architecture helps you ask, the scores it uses, and what each plan includes.
Step 01·Firm OverviewPractice
Your firm, read across every fund.
Running several funds creates questions you cannot answer one fund at a time. Practice brings them together: the Architecture Score combines three analytical engines, the Cross-Fund Concentration Score checks overlapping exposure, and Firm CEI weights portfolio efficiency by deployed capital.
Why this is Practice tier
Firm Overview, the Architecture Score and Cross-Fund Concentration are included in Practice. Foundation gives you portfolio efficiency and design checks for one fund. Adding a second fund requires Practice; fund count alone does not unlock these views.
01One integrated view.Architecture, concentration, and weighted efficiency in a single pane.
02Cohort positioning.Lifecycle context is shown where a score supports cohort comparison.
Illustrative workspace · example data
Firm OverviewArchitectureFund OverviewFund DesignInvestmentsScenariosLP Memo
Firm Overview · Cross-fund analytical view
Firm Overview
4 Funds · $780M Committed · 52 Portfolio Companies
Architecture Score
Composite of three engines
91/100
Concentration
Firm-level distribution
95/100
Firm CEI
Capital-weighted efficiency
89/100
$780M
Committed
52
Portfolio cos
$24.0M
Avg GP load
Step 02·ArchitecturePractice
Three independent engines, one composite.
The Architecture Score brings portfolio efficiency, design coherence and cross-fund concentration into one number. Its geometric mean gives more weight to a weak dimension than a simple average would. A strong result in one area cannot fully offset a weak result elsewhere.
Why this is Practice tier
Foundation includes portfolio efficiency, design checks and the Scenario Engine for one fund. Practice adds cross-fund concentration and the Architecture Score, along with the firm-level view.
01Engine 1.Portfolio Efficiency. How well your capital deploys against your lifecycle cohort.
02Engine 2.Firm Design Congruence. Whether your structural choices fit together.
03Engine 3.Cross-Fund Concentration. Where the firm's capital is concentrated across funds.
04Composite.The integrated score. Imbalance brings it down by construction.
Illustrative workspace · example data
Firm OverviewArchitectureFund OverviewFund DesignInvestmentsScenariosLP Memo
Architecture · Firm analytical view
Architecture
Colibrí Ventures · Fund IV · 2024 Vintage
89 /100
Cadence · New
Engine 1
Portfolio Efficiency
87/100
5 subscores
Engine 2
Firm Design Congruence
85/100
11 checks, 3 soft
Engine 3
Cross-Fund Concentration
95/100
1 soft flag
Step 03·Fund DesignFoundation + Practice
Start with the choices behind your fund.
Every score in the platform traces back to a set of choices you make about how the fund is built: lifecycle stage, investment thesis, portfolio construction, decision process, partnership dynamics, support platform, and succession plan. Edit any lever and the rest of the platform updates. Eleven design checks recalculate from your saved inputs and flag choices that may be pulling in different directions.
In both tiers
Fund Design is part of the core experience in both tiers. A single-fund Foundation customer gets the same eleven-check engine as a Practice customer running ten funds. The difference at this layer is how many funds it runs against, not how deep the analysis goes.
01Live congruence.The score updates as you adjust each lever.
02Named tensions.Each surfaced item names the variables in conflict.
Illustrative workspace · example data
Firm OverviewArchitectureFund OverviewFund DesignInvestmentsScenariosLP Memo
Fund Design · Configuration levers
Colibrí Ventures Fund IV
Series A-Focused · $400M Fund · 2024 Vintage
Investment Thesis02
Stage focus
Pre-seedSeedSeries AMulti-stageBroad
Industry scope
DeepFocusedThematicBroadGeneralist
Portfolio Construction03
$400M
20
15%
40%
Live Congruence ScoreModerately congruent
85/100
AlignedIC structure and industry scope. Voting model aligns with sector scope.
SoftStage focus and ownership. Ownership target sits just outside the expected band.
AlignedBoard seats and team capacity. Commitments fit team capacity at 1.7 seats per professional.
SoftLifecycle and succession. Succession work expected to have begun at this stage.
Step 04·Decision SupportFoundation + Practice
Every investment, evaluated against your configuration.
When you add an investment, the platform shows you how that one decision moves your portfolio before you commit to it. Stage discipline, sector spread, breadth, deployment pace, and check size relative to your benchmark all update as you type. It reads from the same configuration you set in Fund Design, so the analysis is consistent with everything else in the platform.
In both tiers
Decision Support runs on every investment, in every fund you operate. Foundation customers see how a new deal moves the one fund's portfolio. Practice customers also see how it changes the firm's total exposure if the company is one you have backed in another fund.
01Before commitment.The panel updates as you enter the investment, not after.
02Thesis stretch surfaced.The platform names when a deal sits outside the declared thesis.
Illustrative workspace · example data
Firm OverviewArchitectureFund OverviewFund DesignInvestmentsAdd InvestmentScenarios
New record · Configuration-aware
Add Investment
The Decision Support panel shows how this investment moves the portfolio.
Concord AI
AI/ML
Pre-seedSeedSeries ASeries BLater
$5M
$1.5M
8%
Decision Support · Live impact
Portfolio breadth6 / 20→7 / 20
Sector spread2→3
Stage discipline83% A→71% A
Deployment12%→13%
Modest thesis stretch
Seed investment falls outside the stated Series A focus. Adds AI/ML as a new sector. Check size $1.5M sits well below the benchmark check of $12.0M for this fund.
Step 05·Scenario EngineFoundation + Practice
Bring structure to your next follow-on.
For each active position, the scenario engine asks one question: which positions deserve a closer look, at what check size, and when? It returns an Outlier Probability Score (a model score that summarizes company signals, not a calibrated probability of an outcome), a suggested check size as a share of your pro-rata, a timing signal, and a three-part rationale. The recommendation curve uses assumptions for your lifecycle: Conviction firms use a steeper model curve; Cadence firms use a flatter curve that favors measured diversification.
How the tiers differ here
Foundation ranks every active position in your one fund. Practice ranks positions across every fund in the firm, so the highest-conviction position in Fund III sits next to the highest-conviction position in Fund II. This matters when reserves are scarce and you need to put them behind the strongest signal, no matter which fund holds the position.
01Pro-rata as the anchor.Every recommendation is expressed as a share of your pro-rata, so the math is auditable.
02Reserve and concentration aware.Recommendations respect what is left in your reserve pool and your firm-level exposure limits.
Illustrative workspace · example data
Firm OverviewArchitectureFund OverviewFund DesignInvestmentsScenariosLP Memo
Scenario Engine · Follow-on analysis
Scenarios
Follow-on candidates across the firm, ranked by Outlier Probability Score.
Scroll the comparison sideways to see all columns.
Company · FundMOICOPSRecommendation
Brassroot
Fund II · Active
7.00×Yes · 1.4× pro-rataMarsh
Fund II · Active
6.00×Yes · 1.2× pro-rataHalden
Fund III · Active
4.50×Selective · 0.8× cappedCobble
Fund I · Partial exit
2.50×Wait · milestoneBramble
Fund I · Active
1.30×No · capital better elsewhereStep 06·LP MemoFoundation + Practice
A starting point for your LP memo.
Generate a draft quarterly memo when you are ready to review the fund with your LPs. Architecture uses saved fund data and model results to prepare the first draft. Check the figures, add the context only your team knows, and review the wording before sharing.
How the tiers differ here
Both plans support a quarterly fund memo. Foundation covers your one fund; Practice supports the funds in your firm. Generate the draft from the memo screen when you need it.
01Start with your saved data.The draft draws from the fund data behind your dashboard.
02Review before sharing.Use the draft as a starting point, then export the version you have reviewed.
Illustrative workspace · example data
Firm OverviewArchitectureFund OverviewFund DesignInvestmentsScenariosLP Memo
Illustrative quarterly memo · Q2 2026
Colibrí Ventures Fund IV
Portfolio and firm design analysis · Six months in fund · 12% of capital deployed
Fund IV closed its second full quarter of deployment with six initial investments totaling $49 million against the $400 million commitment. Stage discipline remained intact across the period, with approximately 83 percent of capital deployed at Series A, consistent with the stated thesis. The portfolio added one new sector position in the period and now reads as a three-sector focused mandate.
In this illustrative example, the firm's Architecture Score is 89. The three engines return a Composite Efficiency Index of 87, a Configuration Congruence Score of 85, and a Cross-Fund Concentration Score of 95. These example figures show the format; they are not live fund results or cohort benchmarks.
89
Architecture
$49M
Deployed
6 / 20
Portcos
Step 07·MethodologyFoundation + Practice
Understand what each number means.
The methodology explains each engine, the composite score, score history and scenario assumptions. Use it to understand a result, check the inputs behind it, and distinguish research findings from choices built into the model.
In both tiers
The methodology document is the same for both tiers. The difference is which sections apply to your view. Foundation operates against four sections (Engines 1 and 2, score history, and the Scenario Engine). Practice adds two more on top: Cross-Fund Concentration and the Architecture Score.
01Published thresholds.Every band, weight, and threshold is documented and versioned.
02Calibration governance.Updates to the framework follow a documented review process, never quietly.
Illustrative workspace · example data
Illustrative methodology reference
Colibrí Architecture
IFoundations
IIData Architecture
IIIEngine 1 · Portfolio Efficiency
IVEngine 2 · Firm Design Congruence
VEngine 3 · Cross-Fund Concentration
VIThe Architecture Score
VIIThe Temporal Layer
VIIICalibration Governance
IXScenario Engine
End of tour · Choose your scope
Two ways to operate.
Colibrí Architecture comes in two tiers, sized to the structural complexity of the firm using it. Foundation is built for a partnership operating a single fund. Practice is built for partnerships operating more than one. The methodology is the same in both. What changes is the scope of the analysis.
Tier 1
Foundation
For partnerships operating a single fund. The complete configuration analysis and decision-support engine for the vehicle you are running today.
What you get
- Portfolio Efficiency analysis.How efficiently your capital deploys, scored against firms at your lifecycle stage.
- Firm Design Congruence.Eleven checks that surface where your structural choices conflict with each other.
- Live Fund Design.Edit any lever and watch the scores update across the platform.
- Decision Support on every investment.See how each new deal moves the portfolio before you commit.
- Follow-on scenarios.A recommended check size and timing signal for each active position.
- Quarterly LP memo.Generated from your dashboard, ready to share with your investors.
Tier 2
Multi-fundPractice
For partnerships operating two or more funds, up to ten. Review concentration and portfolio efficiency across your firm.
Everything in Foundation, plus the firm-level analysis included in Practice:
Practice adds
- Firm Overview.All your funds, side by side, sorted by vintage.
- Cross-Fund Concentration.Where the firm's capital is concentrated across sectors, companies, and stages.
- Architecture Score.The integrated score that brings all three engines into a single number.
- Weighted Firm CEI.Portfolio efficiency across every fund, weighted by deployed capital.
- Firm-wide follow-on ranking.Compare every active position across all funds, ranked by conviction signal.
Three independent engines. One composite.Eleven firm-design checks. Recalculated from saved inputs.Firm-level access. Workspaces are limited to authorized members.