DocsDiligence
Clause-Level Intelligence for Private Equity Investors
About DocsDiligence
DocsDiligence provides plain-English analysis of Limited Partnership Agreements that translate complex fund documents into practical insights for engaged private equity investors.
We understand LPAs are dense, technical documents filled with legal jargon that can obscure critical terms affecting your investment decisions.
Our mission is to cut through the complexity and deliver clear, actionable intelligence that helps you understand exactly what you're agreeing to.
Why Choose DocsDiligence
Simple Clause Rating System
Favorable terms aligning with LP interests and industry best practices
Standard market terms that may require attention or negotiation
Terms that may pose risks or significantly favor the GP
23 Standard Measures
We cover 23 core areas that matter most to Limited Partners — the places where alignment, disclosure, and discipline make all the difference. Whether it’s how fee bases expand through recycled capital or hidden offsets in the Management Fee section, what really counts as “return of capital” in the Distributions and Waterfall, or how clawback escrows and personal guarantees actually protect LPs, we go deep where it counts.
We also examine the governance and control levers — from LPAC voting and conflict approvals to expense allocations, indemnities, and transfer restrictions — surfacing where the drafting either empowers or limits investors.
And because every allocator has its own pressure points, our framework can layer LP-specific sensitivities on top — ensuring your unique risk and governance priorities shape every review.
Secondaries Investor?
Are you stepping into secondary positions?
We know the struggle: every LPA tells a different story. Our analytics turn that patchwork into clarity you can actually act on. Have a look at what we offer our secondaries clients.