Сlarity across your fund formation workflows
Structure side letters, manage comment memos, run MFN elections, and track obligations in one single source of truth.
Upload and review side letters across funds
Keep Master Side Letters accurate and up to date
Manage investor comments and negotiated positions
Reduce time spent on manual comparison and formatting
ProVision is not a "black-box" tool. It is a structured and deterministic platform, with managed inputs and traceable outputs. A better way to run funds workflows that are traditionally fragmented, manual and time consuming.
Trusted by leading fund formation practices
Obligation extraction & tracking
ProVision centralises obligation tracking across your portfolio:
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A single source of truth where every ongoing obligation is monitored and managed in one place
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Ownership can be assigned and stays visible on both the law firm and fund manager view of the platform
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Deadlines can be set and users are notified when a deadline approaches
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Headings & tags can be assigned to each obligation, and linked to provisions and investors
Obligations are recorded, linked to their source provisions, and tracked through to completion.
AI Functionality
AI functionality is optional. Layered on a deterministic foundation, all AI output can be reviewed, edited or accepted.
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AI assisted headings
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AI assisted tagging
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AI assisted merging
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AI suggested obligations
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AI suggested anonymisation
Our focus is on helping clients surface trusted precedent, structure information from complex documents and reduce repeatable drafting and review effort.
Side letter builder
ProVision streamlines the first stage of side letter negotiation by allowing users to:
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Select provisions from existing master side letters
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Create bespoke templates to meet client and firm standards
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Search and filter for the relevant investors receiving a side letter
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Generate documents instantly and download for investor approval or feedback
Generated side letters are securely stored on a matter level, ready for review.
See what matters
Instantly compare provisions across documents and investors.
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Highlight differences and exceptions
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Uncover MFN implications
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Eliminate manual cross-checks
Manage MFN workflows
Apply MFN rules to the structured side-letter data and produce the outputs required for each eligible investor.
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Define MFN eligibility
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Group and categorise MFN-able provisions
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Generate and manage election forms
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Automatically track elections
Resolve investor comments
Review investor comments alongside the relevant fund terms and maintain a clear record of the positions taken through negotiation.
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Review comments in context
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Keep positions and decisions together
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Maintain consistency across investors
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Preserve the record behind each outcome
Bring everything in
Upload side letters and related documents in minutes.
ProVision structures provisions automatically while preserving the original legal text.
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Build the Master Side Letter
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Organise provisions with headings and tags
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Group comparable language across investors
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Keep every provision linked to its source
Why fund formation teams use ProVision
Less repetitive drafting
Reuse structured data and previously approved responses instead of starting from scratch for every investor.
More consistent review
Keep provisions, comments and decisions together so teams can review matters with more context and consistency.
Faster provision analysis
Search, compare, filter, and review provisions across investors without relying on manual spreadsheets and cross-checking.
One centralised platform
Move from comment memos, side letter review into MFN elections and post-closing obligations in the same system.
Structured extraction
Side letter language and investor information extracted and converted to structured data on the platform.
Deterministic
Over 1,500 funds professionals have contributed to the platform, optimising the deterministic workflows to mirror existing processes.
Rules-based output
Addresses concerns around AI through deterministic, reviewable and traceable workflows.
Reviewer checkpoints
Users can edit, approve and reject extracted and generated content, at any point in the process.
FAQs
Clear answers to common questions about ProVision, its capabilities, and how it fits into legal workflows.
