Legal Intelligence

Covenant provides investors with a decisive advantage by combining legal expertise, AI technology, and advanced analytics to deliver legal intelligence on demand for every deal and every decision.

Our approach

Accuracy as a foundation

Every output is verified, combining legal expertise with purpose-built technology so clients can act with confidence, not just speed. Covenant's process is built end to end: what questions to ask, how to extract answers reliably, how to catch errors, and how to deliver something clients can act on.

Why Covenant

Built for private markets,
not adapted for them

Covenant serves the private market exclusively. Our lawyers and technology understand how these deals work, what the terms mean, and what actually matters.

Every deal type,
one platform

Covenant handles hedge funds, venture investments, MFNs, co-investments, continuation vehicles, IMAs/SMAs, and credit agreements as core capabilities.

Deal review

Lawyer-quality analysis,
without always needing the lawyer

Covenant analyzes deal terms, grouping and reviewing terms with commentary that reflects legal reasoning, and producing a first-draft issues list tailored to the investment type. Clients get the intelligence to exercise their own judgment, without a full legal engagement.

Covenant deal terms tracker showing flagged issues grouped by New and Updated, with priority and status
Portfolio intelligence

Ask your portfolio a question.
Get an answer you can trust.

Covenant lets clients query their portfolio in plain language and receive accurate, reliable answers instantly. Legal documents are too large to process at once, and specific terms are buried across large sets of text, where standard approaches like RAG or vector databases break down. Covenant's agentic workflow starts from verified, structured legal data and combines private markets legal expertise with hedge fund-style data analysis, producing answers that are fast, accurate, and actionable.

The platform

From data to decisions with confidence

Extracting data from documents solves only half the problem. Covenant's technology is built around how deals actually work, drawing on decades of private market transaction experience from the team that built the platform.

01
Deal terms summary, returned on document upload with quick turnaround and human-in-the-loop review
02
Precedent investment selection from a full portfolio database, for comparing current terms against prior deals
03
Free-text queries across the entire database of prior deals, for comparing terms
04
Portfolio-wide analytics, including mean, median, minimum, and maximum values
05
References to specific clauses in source documents, with the ability to dive deeper

Ready to get started?

Submit an LPA for a free review, or start a conversation with our team.