Workflows
Eight controlled workflows for high-stakes capital decisions.
Diligence OS turns admitted source materials into citation-anchored artifacts across fund diligence, deal review, operational due diligence, co-investment, secondaries, governance, tax structuring, and risk analysis.
Lead practice area
Energy and infrastructure is the first practice area we name — grid interconnection and queue position, the power agreement, EPC and interconnection-agreement review, storage augmentation, power availability for data centres, and nuclear licensing. Read the energy and infrastructure practice →
Fund diligence
Deal and co-investment
- Co-investmentCo-investment reviewA short memorandum on a sponsor-led co-investment, with an explicit section titled "where we disagree with the lead" and a recommended side-letter position if the lead's terms are accepted as written.Read workflow →
- SecondarySecondary reviewA pricing memorandum against a reference set the House has chosen, with a concentration analysis against the existing book and a NAV reconciliation against the underlying portfolio.Read workflow →
Operational risk
Governance and structuring
Audit trail and source provenance
Every source is fingerprinted on arrival; its SHA-256 becomes the identity of every citation that depends on it. Every claim points back to a source span, and claims that cannot be cited are refused rather than asserted. Every model call is recorded by prompt version, model, token count, and the chunks the retriever returned. Once a reviewer locks a memorandum, the version is immutable, and the committee pack is generated from it alone.
The citation contract, in your hands
Every claim resolves to its source. The uncited is refused.
A redacted, synthetic manager-diligence memorandum. Hover or pin any claim to read the verbatim span it rests on — and watch the system withhold a claim the documents do not support, rather than guess.
Manager DD · cypress-
Cypress Capital Partners V, L.P. — manager diligence on a $1.2bn North American buyout fundraise. targeting Aggregate Capital Commitments of one billion two hundred million United States dollars (USD 1,200,000,000), with a hard cap of one billion four hundred million United States dollars (USD 1,400,000,000)
Generated May 1, 2026 · manager_dd@1.4.0 · synthesise@1.2.5
Recommendation
The dataroom carries layered diligence inconsistencies — an incomplete fee disclosure and an impossible audit-report date among them — that cannot be reconciled from the materials as presented. We recommend a label of watch pending reconciliation with the General Partner. An annual management fee of 1.5% of Aggregate Capital Commitments. which is dated 30 December 2025
- Obtain the full management-fee schedule — the LPA §7.1 step-down and the Anchor Side Letter terms — rather than relying on the PPM headline. (i) during the Commitment Period, one and one-half per cent (1.50%) per annum of Aggregate Capital Commitments; and
Executive summary
Cypress Capital Partners V is targeting $1.2bn of commitments, with a $1.4bn hard cap, for control-oriented buyouts of mid-market North American companies. targeting Aggregate Capital Commitments of one billion two hundred million United States dollars (USD 1,200,000,000), with a hard cap of one billion four hundred million United States dollars (USD 1,400,000,000)
Fees
The PPM Executive Summary describes the management fee as a flat 1.5% of Aggregate Capital Commitments, omitting the LPA §7.1 step-down to 1.25% of Net Invested Capital after the Commitment Period. An annual management fee of 1.5% of Aggregate Capital Commitments. (i) during the Commitment Period, one and one-half per cent (1.50%) per annum of Aggregate Capital Commitments; and
Audit — report date
The FY2025 audited financials and the accompanying Marston Hale LLP auditor's report both carry a report date of 30 December 2025 — one day before the 31 December 2025 period-end the opinion covers. The same date recurs in five places across the two documents. which is dated 30 December 2025 30 December 2025.
Questions for the IC
- Confirm the auditor's report date: the report opines on the year ended 31 December 2025 yet is dated 30 December 2025. Is this a coordinated error or a re-dated opinion? which is dated 30 December 2025 30 December 2025.
Cypress Capital Partners V is a fictional manager. Nothing here derives from a real engagement.
Beyond the eight workflows
Releasability Score
A release-readiness signal across named dimensions: completeness, cross-document corroboration, risk coverage, source recency, and structure. It says whether a memorandum is ready to present and what is holding it back. It ships on the two sector-fixture workflows today; on the eight base workflows a reviewer makes that call against the evidence standard while the score is extended to each of them.
Sector fixtures
A workflow calibrated to an asset class, with its own document mappings and risk flags. Energy and data centres and private credit run on the engine today; commercial real estate, emerging managers, and nuclear and SMR are in development. Read what each one turns on under sector fixtures.
Who runs the practice
Diligence OS is run by Alex Ouellet, its founder. The workflows encode a practice formed on the buy side — years of private- and public-market work underwriting managers and deals — and he remains the practice’s first reader: he reads every introduction that arrives through this site, and he writes the Letters.
The house is deliberately small. We onboard fewer than forty Houses a year so that every engagement gets a partner’s attention, and we would rather decline an engagement than run it thin.
Each workflow is a versioned pipeline — not a chat session. Sources enter an admitted envelope; stages run with citation requirements; partners review before the artifact is locked.