Principal capital
Family office boards, investment committees and principal capital allocators requiring an independent downward technical audit of the fund manager and delivery chain.
Boutique fiduciary and delivery-governance advisory
Independent scrutiny between capital, reporting and physical reality.
TUTUM Advisory is a boutique company serving family-office boards, principal capital allocators, fund managers and institutional asset managers through two specialist mandates.
We protect the original investment thesis, challenge filtered reporting, scrutinise the delivery chain and keep projects accountable through capital release, construction execution and operational handover.
The structural problem
The people spending the capital also control the reporting chain.
Capital owners appoint fund and asset managers. Those managers appoint PMCs, project directors, consultants, contractors and operators. Information then travels upwards through the same delivery chain responsible for expenditure and performance.
TUTUM provides the independent downward scrutiny. We test what is being reported against what has been contracted, paid for and physically delivered—and whether the original underwriting remains intact.
Two client appointments
Focused by buyer, not diluted by sector.
Institutional asset management
Fund managers, general partners and institutional asset managers requiring senior non-executive delivery counsel and rigorous PMC scrutiny.
Only two services
Family Office Board / Investment Committee / Principal Capital Allocator
Fiduciary Capital Assurance & Upward Reporting Verification
Role: Independent Fiduciary Assurance & Downward Technical Auditor
Independent technical and commercial protection for principal capital. TUTUM bridges the gap between upward reporting from fund and asset managers and physical reality on the ground, defending the approved investment model and preventing unverified capital release.
Core activities
- Upward reporting audit and verification
- Investment thesis and underwriting defence
- Capital release and drawdown governance
- Direct, unvarnished board governance
Key deliverables
Baseline Underwriting Alignment Report; Monthly Independent Board Assurance Packs; Capital Gate Release Certificates; Executive Risk & Scope Intervention Registers.
Fund Managers / General Partners / Institutional Asset Managers
Non-Executive Delivery Governance & PMC Scrutiny
Role: Senior Non-Executive Delivery Counsel (NED Level)
Senior client-side development leadership connecting investment underwriting to ground-level construction execution. TUTUM interrogates PMC and contractor reporting, protects project budgets and keeps delivery teams accountable to fund commitments through operational handover.
Core activities
- PMC scrutiny and performance interrogation
- Contractor variation and claims defence
- Investment Committee alignment
- Operational handover and asset readiness
Key deliverables
PMC & Contractor Audit Memorandums; Drawdown & Claims Scrutiny Reviews; Investment Committee Briefing Memorandums; Handover & Operational Readiness Frameworks.
The discipline
Evidence before release. Intervention before erosion.
Evidence
Reconcile reporting with physical inspections, statutory records, contracts and verified delivery evidence.
Underwriting
Test cost, programme and execution against the original approved investment thesis and base-case returns.
Capital gates
Verify whether physical progress supports requested drawdowns, payments and release decisions.
Intervention
Expose scope drift, claims, delay and delivery failure early enough for accountable board action.
Independent judgement, directly accountable to the appointing client.
Appointments are selective, confidential and structured around the capital decision or delivery exposure requiring independent challenge.
Discuss a mandate