Every obligation in your fund documents, one search away.
Segmental reads your LPAs, side letters, PPMs and amendments, identifies and categorizes every clause, and builds one searchable record of what each fund has promised to whom. Every answer links to the clause it came from.
Fund & Side Letter Compliance
Harbor Point Fund IV / Obligations search
| ✓ | Investor C · SL §6.2 | Excuse |
|---|---|---|
| ✓ | Investor F · SL §3.1 | Excuse |
| ✓ | Pension Plan K · SL §5 | Notice |
| ! | Investor M · via MFN | Elected |
One right came in through MFN.
Investor M elected Investor C's excuse right after the final close. Pension Plan K only needs advance notice.
Source Side letter C §6.2 · MFN election, Investor M
Why this is still manual
A fund family can carry hundreds of side letters, each negotiated separately. When an investor asks about a right, an examiner asks how a provision was applied, or a deal team needs to know who must consent, someone opens every document and searches by hand. Keyword search misses clauses that say the same thing in different words.
From fund documents to an obligations register
- Load the documentsLPAs, side letters, PPMs, subscription documents, amendments and consents, inside your environment.
- Identify every clauseEach clause is categorized by type, such as fees, reporting, transfers and consents, excuse rights, key person, ESG restrictions and MFN.
- Build the obligations registerWhat each fund owes to whom, by when, and under which document, with the clause attached.
- Search in plain EnglishAsk a question the way you would ask a colleague. Matching clauses come back from every fund, ranked and sourced, including those worded differently.
- Keep it currentNew side letters, amendments and MFN elections update the register. Your compliance team approves each change.
Questions compliance teams ask
What it does, and what it doesn't
We would rather you know the boundaries up front.
What it does
- Identifies and categorizes clauses across LPAs, side letters, PPMs and amendments.
- Finds clauses that mean the same thing even when they use different words.
- Builds a register of obligations by fund, investor, type and deadline.
- Links every search result and obligation to the exact clause and page.
- Carries elections from the MFN process into the same register.
What it doesn’t do
- It does not give legal advice or settle contested interpretations. Counsel and compliance decide.
- It does not replace your document management system. It reads from it.
- Nothing goes to investors without your approval.
How a pilot works
Every pilot runs on your own data, in your own environment.
- Pick one fund familyBring the LPA, side letters and amendments for one fund family.
- We build the registerClauses categorized and obligations extracted, inside your environment. First results are ready to review within days.
- Test it on real questionsAsk the questions your team answered by hand last quarter, and compare.
Built on the Segmental platform
Every product runs on the same data, knowledge graph and rules engine, so new workflows reuse what your firm has already taught the system.
Search your own side letters.
See it on your own data. The platform deploys inside your environment, and first rules are ready to review within days.