Default
Score model

Pick how composites are weighted for you. Affects every score across the app.

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Pricing

Start free. Upgrade when you go deeper.

The fund universe is free to browse and score, and you can compare two funds for free. Paid tiers unlock the full 4-fund compare board, unlimited scenarios, the DDQ desk, and side-letter modeling — and Analyst is free for a year if you help grow the universe.

Payments go live soon. Paid upgrades still route through the 3-PPM earn path or email.hello@wtrfalls.com →
Basic
Exploring the universe
Free
Always free · no card

Browse the universe, score funds, run the numbers. Always free.

  • Full fund universe browse
  • Fund detail + composite score
  • Run-the-Numbers scenarios
  • Save up to 5 scenarios
  • Watchlist + dashboard
  • Compare up to 2 funds
  • Distribution tracker (1 position)
  • DDQ desk
  • Side-letter modeling
Most popular
Analyst
Active LPs doing real diligence
$99
/yr
≈ $8.25/mo · billed yearly

Everything in Basic, plus compare, unlimited scenarios, the DDQ desk, and the full audit suite.

  • Everything in Basic
  • Unlimited saved scenarios
  • Compare up to 4 funds
  • DDQ desk — ingest & track returned DDQs
  • Distribution tracker + CPA-ready PDF audit
  • PDF distribution-notice extraction
  • Priority PPM extraction
  • Side-letter modeling
◆ Free year: Or earn it free — upload 3 validated PPMs and Analyst is free for 12 months. No card.
Institutional
Allocators & family offices
$999
/yr
≈ $83/mo · billed yearly

For allocators modeling real check sizes across funds — side letters and portfolio rollups.

  • Everything in Analyst
  • Side-letter modeling (MFN, fee breaks, co-invest)
  • Portfolio-level cashflow rollups
  • Dedicated onboarding call
Feature comparison

What's in each tier.

The full matrix — same information as the cards, easier to scan side by side.

Feature
Basic
Free
Popular
Analyst
$99 / yr
Institutional
$999 / yr
Discovery
Browse the fund universe
Fund detail + composite score
Adjustable-weight leaderboard
Community threads + discussion
Modelling
Run the Numbers scenarios
Saved scenarios
5 max
Unlimited
Unlimited
Scenario sharing via link
Side-by-side fund compare
2 funds
4 funds
4 funds
Side-letter modelling (MFN / fee breaks / co-invest)
Portfolio-level cashflow rollups
Diligence & extraction
DDQ desk — ingest & track returned DDQs
Log distributions + expected-vs-actual tracker
1 position
PDF audit report (CPA-ready)
1 position
PDF distribution notice extraction
Priority PPM extraction
Collaboration
Private watchlist + dashboard
Dedicated onboarding call
Support
Community + email
Priority email
Shared Slack channel

Frequently asked

What does 'valid PPM' mean for the free year?

A Private Placement Memorandum we don't already have, where our extraction pipeline can identify the sponsor, fee schedule, and waterfall. Three validated uploads trigger the free Analyst year automatically.

Do I need a card for Basic or the free Analyst year?

No. Basic is free forever. The Analyst free year unlocks the moment your third PPM clears validation — no card, no trial countdown.

What's actually in 'side-letter modeling'?

Layer MFN clauses, fee breaks, GP co-invest, and bespoke preferred returns onto the base waterfall and see the per-class net effect. Institutional-only, because the complexity matches the check size.

What's the DDQ desk?

An Analyst tool: ingest a sponsor's returned due-diligence questionnaire (paste or upload) and we map their answers onto a standard bank, flag what's missing, and track it across funds — privately.

Can I cancel anytime?

Yes. Monthly plans cancel immediately; annual plans stop renewing. We don't lock saved data behind a paywall — downgrade and your scenarios stay, just capped at Basic's 5-save limit.

Do you sell my data?

No. Scenarios are private by default, shared links are opt-in and read-only, and we never resell user data to sponsors. The business model is subscriptions, not ad inventory.

Help us build the universe

Three PPMs. Free Analyst for a year.

Every validated upload advances the universe — and earns you the tier that pays for itself. No card required.

Upload a PPM