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Automated checks across the fund's extracted PPM. Every finding is shown with the evidence it's based on — proven numbers or a verbatim quote and page.
Drafting defects found in the PPM prose — numeric inconsistencies, broken cross-references, unfilled placeholders, and defined-term problems. Each is shown with the offending quote and its page.
Internal inconsistency: text references 'the monthly report ... pursuant to Section 2.6(b)' but Section 2.6(b) is titled 'Quarterly Reports' and requires quarterly (not monthly) reporting.
“shall be noted in the monthly report delivered to Owner pursuant to Section 2.6(b)”
Misspelling of the core defined term 'Manager' as 'Manger' in the Independent Contractor clause.
“the status of Manger to Owner under this Agreement is that of an independent contractor.”
Wrong plural of the singular defined term 'Manager' ('Managers shall also report') in the Notices subsection.
“Managers shall also report expeditiously to Owner notice of any extensive damage to any part of the Properties.”
Broken word: 'planning' is split with a stray space ('plannin g') in the Other Management Fee Matters provision.
“Fee Matters . For plannin g and coordinating the construction”
Questions a standard diligence questionnaire would ask that the PPM leaves unanswered.
The offering documents don't answer a standard institutional DDQ question (Governance). An allocator will ask this directly — the GP should be ready with an answer.
The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.
The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.
The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.
The offering documents don't answer a standard institutional DDQ question (Governance). An allocator will ask this directly — the GP should be ready with an answer.
The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.
The offering documents don't answer a standard institutional DDQ question (Structure). An allocator will ask this directly — the GP should be ready with an answer.
The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.
The offering documents don't answer a standard institutional DDQ question (Structure). An allocator will ask this directly — the GP should be ready with an answer.
The offering documents don't answer a standard institutional DDQ question (Structure). An allocator will ask this directly — the GP should be ready with an answer.
How much of a standard institutional due-diligence questionnaire this fund's offering documents answer out of the box. Gaps are questions an allocator will ask directly.
What allocators are saying. Diligence notes, open questions, attached scenarios.
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