Quantistic AI for Private Markets Quantistic

Limited partners in private equity funds face a critical challenge: verifying that general partners report fees accurately according to the terms negotiated in limited partnership agreements. Quantistic addresses this challenge by automatically cross-referencing LPA terms against GP fee reports and flagging every discrepancy with evidence-backed documentation. The platform operates through three core capabilities that work in sequence. First, it automatically extracts fee terms, waterfall provisions, and side letter modifications from fund documents uploaded by users. Second, it calculates expected fees based on the extracted contractual terms and compares these calculations against GP-reported actuals. Third, it generates discrepancy reports where every flagged item includes source references, calculated versus reported figures, and severity classification. Each flagged discrepancy links directly to the specific LPA clause, calculated amount, and reported amount displayed side by side. The platform identifies several categories of fee discrepancies commonly found in private equity relationships. These include undisclosed fees and conflicts of interest, acceleration of monitoring fees, misallocated broken-deal expenses, and operating partner fee mischarges. The system supports PDF and common document formats, accepting LPAs, side letters, and GP quarterly reports as inputs. Quantistic positions its solution within a changing regulatory and industry landscape. SEC enforcement actions against private equity fee practices have intensified from 2023 to 2025, with multi-million dollar settlements becoming routine. The ILPA Reporting Template version 2.0, released in Q1 2026, raises the bar for fee transparency. Regulators increasingly expect limited partners to independently verify fee calculations rather than rely solely on GP reporting. Meanwhile, LP allocations to private equity have reached all-time highs, meaning more capital deployed translates to more fees requiring verification. The platform targets institutional limited partners, specifically family offices and fund-of-funds managing three or more active private equity fund relationships. Quantistic currently operates a Design Partner Program seeking five to ten institutional LPs to shape the product roadmap. Program participants receive early platform access free during the program period, direct input on development priorities, priority onboarding with white-glove support, preferred pricing locked in at launch, and quarterly insights briefings.