Fund Formation
Turn fund documents into a structured operating record
Review side letters, consolidate investor terms, manage MFN elections and convert fund documents into ongoing obligations. Perry preserves every negotiation position and investor-specific commitment for the life of the fund.
Delivering value at scale
70%
Reduce time to find an investor term
50%
Cut MFN election cycle time
80%
Reduce missed or late fund obligations
100%
of negotiated terms captured in a searchable precedent record for future funds
Chapter 01
Know whether a side-letter term is acceptable before you agree to it
Perry reviews each proposed side letter against the LPA, existing investor terms and the fund's historical negotiation positions. It helps the legal team understand whether a provision is standard, operationally burdensome or inconsistent with existing commitments.
Capabilities
- Compare proposed terms against the LPA
- Benchmark terms against prior side letters
- Identify unusual or operationally difficult provisions
- Suggest negotiation positions based on fund history
- Preserve comments and decisions for future negotiations
Make more consistent negotiation decisions without manually reconstructing precedent.
Chapter 02
See similar terms, differences and commitments across all side letters
Perry consolidates negotiated side-letter provisions into a structured master record. Similar terms are grouped together, differences are highlighted and each provision remains linked to the relevant investor and source document.
Outputs
- Consolidated term library
- Similarity and variance analysis
- Investor-specific rights
- Exceptions and non-standard terms
- Searchable negotiation history
Replace fragmented side-letter summaries with one connected view across the fund.
Chapter 03
Run the full MFN process in one workspace
Perry identifies which terms may be available to each LP, supports the legal review of eligible provisions and manages the communication and confirmation process.
Workflow
- Identify eligible terms
- Review availability
- Prepare investor options
- Share with the LP
- Record elections
- Update obligations
Maintain a clear record of what was offered, selected and ultimately applied.
Chapter 04
Turn LPAs and side letters into active operational tasks
Perry identifies provisions that require action, notice, approval, reporting or recurring monitoring. Each requirement can be assigned, scheduled, tracked and reported without losing the underlying legal context.
Outputs
- Recurring reporting obligations
- Notice requirements
- Consent workflows
- Key dates and deadlines
- Investor-specific restrictions
- Assigned operational tasks
Move from static fund documents to a live obligation system.
Chapter 05
Coordinate legal, investor relations and fund operations around the same terms
Share selected provisions, review issues, investor records and actions with internal teams and external counsel. Each team sees the information relevant to its role, while legal retains control of the central record.
Run your fund's legal work from one connected platform.
Book a demo to see how Perry helps in-house teams unify fund formation, deal execution, and portfolio governance.