Secondary · Workflow
Position-level diligence ahead of a transferred LP interest — NAV reconciled against the portfolio file, price computed against your chosen reference set, with concentration analysis against the existing book.
Closed-system workflow. Source-backed outputs. Versioned review.
Engagement console
Source intake through review state
Source intake
Workflow stage
nav reconciliation
Stage running · citations required
Evidence anchors
Open risks
Unreconciled holding
severity · high · cited
Draft artifact
Pricing memorandum · v1 draft
schema valid · 47 claims cited
Review state
Partner review
Awaiting challenge before lock
Secondary transactions arrive with a portfolio file, recent NAV statements, and GP consent documentation. Teams price against broker indications or stale comparables. Holdings the NAV cannot tie to underlying positions are buried. The reference set is a House decision — but without a cited reconciliation, the price figure lacks a defensible foundation.
Built for senior finance teams who need committee-ready artifacts — not chat transcripts.
Use caseLP interest transfer evaluation
Moment of needA secondary position is offered against a stated NAV
OutputPricing memorandum against chosen reference set
Use casePrice against NAV analysis
Moment of needGP NAV must reconcile to underlying holdings before pricing
OutputNAV reconciliation appendix
Use caseConcentration against existing book
Moment of needNew exposure must be read against current allocations
OutputConcentration analysis
Use caseSecondary approval
Moment of needCommittee needs cited comparables, not broker quotes alone
OutputPrice-against-NAV with comparable transactions cited
Source materials enter the engagement as a controlled register — scanned, classified, and scoped before the workflow runs.
Source register
Pending admission · scanner gate
| Source | Description | Status |
|---|---|---|
| Portfolio file for the position being transferred | Portfolio file for the position being transferred. | 01 |
| Recent NAV statements from the GP. | 02 | |
| GP consent or transfer documentation. | 03 | |
| Reference set — comparable transactions or pricing the House has elected to anchor on | Reference set — comparable transactions or pricing the House has elected to anchor on. | 04 |
A versioned pipeline — each stage records what happened, what you can review, and what output it produces.
Stage pipeline
Topological DAG · runtime enforced
01
Portfolio file, recent NAV statements, GP consent documentation, and House reference set enter the envelope.
02
nav_reconciliation reads NAV statements against the portfolio file; unreconciled holdings are surfaced as exceptions.
03
price_analysis reads reconciled NAV against the House reference set with comparables cited explicitly.
04
Concentration analysis against the existing book computed from reconciled holdings.
05
synthesise composes pricing memorandum, concentration analysis, and NAV-reconciliation appendix.
06
Signed version locked with audit trail.
Committee-ready artifacts — each with a named reviewer and a defensibility standard.
Price against reconciled NAV with comparable transactions from the House reference set cited explicitly.
Holdings where NAV cannot be tied to underlying positions surfaced as exceptions.
New exposure read against the existing book from reconciled holdings.
Secondary review refuses to price against a reference set the House has not admitted or to infer NAV from outside the GP's most recent statement. Exceptions stay on the cover. Partner review is recorded before lock.
Diligence OS supports investment judgment. It does not make investment decisions, provide investment advice, or guarantee risk detection.
Prompt-based tools produce inconsistent outputs with weak provenance. This workflow runs a structured process with an admitted source envelope and a versioned review path.
| Dimension | Generic AI | Diligence OS |
|---|---|---|
| Starting point | Chat-first | Workflow-first |
| Process | User-defined prompts | Versioned process |
| Provenance | Weak provenance | Source-span citations |
| Across documents | One file at a time | The full set reconciled; contradictions surfaced |
| Review | Hard to review | Partner review states |
| Outputs | Inconsistent outputs | Repeatable artifacts |
| Memory | No durable workflow memory | Append-only audit trail |
| Committee use | Difficult to defend | Committee-ready outputs |
| NAV reconciliation | Accept stated NAV | Portfolio-file reconciliation with exception register |
Starting point
Generic AIChat-first
Diligence OSWorkflow-first
Process
Generic AIUser-defined prompts
Diligence OSVersioned process
Provenance
Generic AIWeak provenance
Diligence OSSource-span citations
Across documents
Generic AIOne file at a time
Diligence OSThe full set reconciled; contradictions surfaced
Review
Generic AIHard to review
Diligence OSPartner review states
Outputs
Generic AIInconsistent outputs
Diligence OSRepeatable artifacts
Memory
Generic AINo durable workflow memory
Diligence OSAppend-only audit trail
Committee use
Generic AIDifficult to defend
Diligence OSCommittee-ready outputs
NAV reconciliation
Generic AIAccept stated NAV
Diligence OSPortfolio-file reconciliation with exception register
Institutional outcomes — not productivity slogans.
Closed by construction — each engagement runs inside a dedicated chamber with an append-only audit trail.
Adjacent diligence processes in the same controlled system.
Diligence OS is introduced through a controlled evaluation process. No public signup. No self-serve access.