PPMCheck · AI Deal Analysis for LPs
Read a PPM in 90 seconds, not 9 hours.
Upload a private placement memorandum. Get a structured 12-section analysis with returns, sponsor track record, an A–F governance score, red flags, and industry benchmarks. Built for LPs who actually read the docs.
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See a full sample reportOakwood Station Apartments
Oakwood Station Partners, LLC · LLC · Delaware
Top red flags
- Exit cap below entry cap
- No GP clawback provision
- GP co-invest at threshold (10%)
The problem
Nobody actually reads all 150 pages.
So LPs skim, trust the deck, and find the bad term after they’ve wired the money. PPMCheck reads every page so you don’t have to skip any.
A weekend per deal
A single PPM runs 100–200 pages. Read it properly and one deal eats an evening. Read ten and you lose a month you don’t have.
Every GP formats differently
Returns buried in an appendix here, a footnote there. Comparing two deals means re-learning a new document structure every single time.
The risky terms hide
A missing clawback or an exit cap below entry won’t announce itself on page 1. The clauses that cost you money are the easiest ones to skim past.
300+
Data points per PPM
60–90s
Avg. extraction time
7
Governance components
11
Deterministic red-flag rules
How it works
From PDF to decision in three steps.
No setup, no integrations. The whole flow takes a minute and a half.
Upload the PPM
Drag in any PPM PDF , up to 100 MB. No formatting tricks, no copy/paste. We accept the document as the GP sent it to you.
PPMCheck reads every page
PPMCheck extracts the 12-section deal model: returns, terms, waterfall, capital stack, debt, fees, property, market, projections, sponsor, red flags.
You get the report
Structured analysis with an A–F governance score, severity-tagged red flags, percentile rank vs your cohort, and a sponsor record that persists across deals.
Inside the report
Decide with conviction, not vibes.
Every number you need to say yes or no. In the same structure on every deal, even when GPs format their PPMs ten different ways.
Returns, net to you
Net IRR after fees and promote, equity multiple, cap rates, gross-to-net spread, cash-on-cash. The headline numbers and the math that produces them.
Know who holds your capital
Sponsor track record on every deal: years in business, AUM, deal count, GP co-investment, key persons. Records persist across every PPM you analyze, so a sponsor’s history follows them.
Compare governance at a glance
An A–F score from seven weighted components: Capital Protection, GP Accountability, Transparency, LP Control, Key Person, Capital Calls, Clawback. Same rubric every deal, versioned and auditable.
Catch the deal-killers first
11 deterministic rules: LTV, exit-cap compression, GP co-invest thresholds, no clawback, affiliated PM. Severity-tagged Critical, High, Medium, Low so the worst surfaces on top.
See if it’s actually good
Percentile rank across asset class and vintage tells you whether this deal is strong or just looks strong – on returns, governance, LTV, and fee load versus the cohort.
Trust the numbers + verify
Every extracted field carries its source, document page, and a confidence level, so you can check what came straight from the PPM versus what was inferred.
The deal report
One page. The whole deal.
The report is organized the way LPs actually evaluate deals: returns and economics first, then the sponsor, then the red flags. Drill down into waterfall mechanics, capital stack, fee schedule, property fundamentals, market data, and projections only when you need to.
- Tier 1 fits on one screen – passes or fails in 30 seconds.
- Tier 2 expands deal terms, fees, debt, property, and market context.
- Tier 3 surfaces the underlying projections and assumptions.
- Every section sourced from the PPM with confidence indicators.
Governance score
74/100
Version v1.0.0Why switch
The fast way, the cheap way, the right way. Pick one.
LPs review PPMs three ways today. Only one of them does all three.
| PPMCheck | Reading it yourself | Hiring an analyst | |
|---|---|---|---|
| Time per deal | 90 seconds | 6-9 hours | 2-4 days |
| Cost per deal | Cents | Your evening | $500–$2,000 |
| Same structure every deal | |||
| A-F governance score | |||
| Red flags ranked by severity | |||
| Benchmarks vs the cohort | |||
| Sourced to the page |
The 30-second test
Don't read what you can scan.
The first screen of every PPMCheck report tells you whether this deal even clears your bar. Net IRR, equity multiple, preferred return, sponsor co-invest, governance grade, and the critical red-flag count – all visible without scrolling. If you don't want to keep reading, you don't have to.
Pricing
One deal pays for the year.
Two plans. Pick the one that matches how many deals cross your desk.
LP Starter
$49/ month
For the LP reviewing a handful of deals a month.
- Up to 5 PPM analyses per month
- A-F governance score
- Red flags + severity tags
- Industry benchmarks across cohorts
- Cancel anytime
LP Pro
$199/ month
For the active LP with deals always on the desk.
- Unlimited PPM analyses
- Everything in LP Starter
- Sponsor directory access
- Priority extraction queue
- Priority support
Why I built this
“I got tired of losing weekends to 150-page PPMs and still missing the one clause that mattered. PPMCheck is the tool I wanted as an LP. It reads every page, every time, and tells me in 90 seconds whether a deal is worth my evening.”
Eric Benoit
Founder, PPMCheck
Stop reading 150-page PPMs cover to cover.
Upload your first PPM and see the report in 90 seconds.