Due Diligence

Read the PPM before the first meeting.

Drop the PPM, the DDQ and the prior fund reports into the workspace and FundFrame reads them. The terms, the track record and the team land as structured data with a page reference on every figure, and a preliminary analysis tells you where to look before you commit the team to full diligence. Everything your team already knew about the manager comes along from the Investment CRM.

Book Demo
Investment CRMDue DiligenceWorkspacesPortfolio MonitoringWorkspaces/North Investment Partners/Fund IVNorth Investment PartnersFund IV · Nordic lower mid-market buyoutPre-DDDrop the PPM hereNorth Fund IV PPM · 84 pagesPreliminary analysisReading 84 pagesReady for full diligenceTrack recordAssessingWritingLook closerTwo deals carry Fund IIIp. 18AssessingWritingAssessingWritingFund historyAssessingSize by vintage, €m€120mFund I · 2014€210mFund II · 2017€320mFund III · 2021€400m targetFund IV · 2026
AI agent specialists

A pre-DD, before the full one.

Upload the materials you already have on a fund, PPM, DDQ, prior quarterlies, and a team of agent specialists coordinate to produce a structured first read. Each agent owns one diligence workflow. Strategy reads the PPM, Track Record triangulates prior returns, Team & Org maps tenure and attribution, Risk & Governance flags conflicts, Terms & Economics extracts fees and hurdles, References drafts the call sheet.

The pre-DD does not replace your normal diligence. It is the first read that tells you whether a fund is worth the full process, where to focus when you get there, and what to ask the GP on the next call.

Every agent is built from FundFrame's LP workflows and ships as a skill inside the Diligence module, with citations back to the source paragraph so the team can verify before acting.

Six specialist agentsCited to the sourceBuilt on LP workflows
PPM

Private Placement Memorandum

DDQ

Due Diligence Questionnaire

Reports

Prior quarterly reports

Coordinate
Agent specialists6 active

Strategy & Thesis

Reads PPM for edge, stage fit, and market thesis

Track Record

Triangulates prior fund returns against claims

Team & Org

Maps tenure, attribution, and bench depth

Risk & Governance

Flags ops risks, conflicts, and key-person gaps

Terms & Economics

Extracts fees, hurdles, GP commit, side letters

References

Drafts the reference-call sheet, by role

Synthesize

Output

Pre-DD memo

Draft
Strategy
Consistent with Fund II thesis
Track record
Two MOIC outliers worth diligence
Team
Stable, low partner turnover
Terms
Hurdle below European median
Generated in 4m 18s6 sections · 28 citations
The full DD

Six stages, one record.

Every diligence runs the same path. Same template, same checkpoints, same audit trail, configurable to your team's evaluation criteria but never reinvented from scratch.

Stage 01

Initiate

When a GP advances in your pipeline, open a diligence workspace with one click. Context, documents, and meeting history travel from the CRM automatically.

Stage 02

Collect

Request and organize DDQs, PPMs, references, and legal documents. Track what is received, what is outstanding, and who owes what to whom.

Stage 03

Evaluate

Work through your standardized framework. Score risks, capture findings, and collaborate with the team on a single, versioned record.

Stage 04

Reference

Run the reference calls and background checks. Capture notes in context with the rest of the evaluation, not in a forgotten thread.

Stage 05

Decide

Generate the IC-ready output with findings organized and sources attached. Present a complete picture, not a deck assembled the night before.

Stage 06

Commit

Upon approval, the GP flows into Portfolio Monitoring with the full history intact. No data left behind, no context lost on the next re-up.

Ad-hoc to institutional

Spreadsheets and email threads, retired.

Most LPs still run diligence in spreadsheets, shared drives, and email threads. The result is a working file no one can find when the IC asks for it and a process that has to be invented again on every fund.

Diligence brings structure without adding bureaucracy. The team works in the place the decisions live, and the audit trail builds itself.

Consistent evaluation

Every GP scored against the same criteria. No more varying standards across team members, no more starting from a blank file.

Institutional memory

Prior evaluations inform the next. Re-ups inherit what was learned about the manager last time, including the questions you asked and how they answered.

Audit trail

A complete record of what was reviewed, by whom, and when. Support compliance, governance, and the regulator who asks for the working file.

Faster decisions

Structured beats ad-hoc, every time. The team spends the diligence budget on analysis and judgement, not on hunting documents and reformatting memos.

Flows into Portfolio Monitoring on commitEU-hosted, ISO 27001

Common questions

Still curious? Get in touch.

The module walks each manager through a six-stage workflow: initiate, collect, evaluate, reference, decide, commit. Every stage carries its own document checklist, owners, and notes, so the team works from the same template on every fund without inventing a process each time.
Yes. Upload the materials you already have on a fund (PPM, DDQ, prior fund reports), and a team of AI agent specialists, each one focused on a specific LP diligence workflow, coordinates to produce a structured pre-DD on the fund. The pre-DD does not replace your normal diligence, it gives you a structured first take so you can decide whether the fund is worth the full process. The underlying logic is built from FundFrame's LP workflows and ships as skills inside the module.
Yes. Templates are configurable per strategy and fund type, and re-ups inherit the prior diligence record automatically so the team starts from what was already learned about the manager rather than from a blank file.
Each workspace produces an IC-ready output that bundles the evaluation, supporting documents, references, and risk assessment in one place. The audit trail of who reviewed what, and when, is preserved alongside the decision.
Starting a Due Diligence workspace on a GP pulls in the relationship history and meeting notes from the Investment CRM, plus the market data that came with the manager from the universe, automatically. Every decision and document flows back to the GP record. On commit, the fund moves into Portfolio Monitoring with the full diligence record intact, and the cash flow forecast picks up the new fund from there without a separate entry.
All documents are stored exclusively inside the European Union. FundFrame is ISO 27001 certified and built to align with DORA expectations for EU financial institutions.
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