An Investor Memo is a comprehensive document that provides a detailed overview of a fund, investment strategy, or financial product. The memo typically includes essential information such as the fund's investment philosophy, past performance, risk and return profiles, fee structure, and the management team's background. It serves as a tool to attract potential investors by offering them clear insights into the value proposition of the fund. In addition to being used for new investments, Investor Memos are also vital in the due diligence process, ensuring that potential investors are fully informed before making a commitment.