Counselytics launches limited partnership agreement and alternatives investing analytics and business intelligence tools.
FOR IMMEDIATE RELEASE
New York -- Counselytics has deployed its cutting edge AI technology in the alternatives investing space, a $7.5+ trillion rapidly expanding industry.
Using the world’s most sophisticated machine learning technology, Counselytics offers a fast, economical and automated process to find and analyze LPAs wherever they reside. We augment contract review to lower costs, minimize risks and accelerate the process of LPA analysis and management.
As Counselytics finds and centralizes LPAs, it classifies and extracts up to 35 key partnership terms, including details on fees and expenses, waterfalls, taxation and governance. Counselytics also works as a question answering system with the ability to query for specific issues related to the LPAs, and the system returns both the correct answer and the most relevant sections of the LPA. The technology can analyze new, incoming LPAs alongside historical documents, which gives the user the ability to benchmark all the historical data and use that for comparisons.
Founder & CEO Jason Gabbard noted: "The bottom line is that Counselytics is going to help clients analyze deals faster, control risks more tightly and save costs. Our technology will be massively disruptive in this space."
The company already counts several "top 50 LPs" as clients.
Counselytics brings the power of big data analytics to the universe of commercial agreements. We analyze, organize and manage important data inside of contracts. Fortune 500 companies, top banks and hedge funds and some of the world’s most successful entrepreneurs trust us to facilitate and improve their important business processes. Counselytics’ customers deploy their technology in a variety of contexts – to optimize due diligence, to abstract complicated documents, to analyze new documents and deals more quickly, and to retrieve and organize previously trapped data. Counselytics is based in New York City, was founded by a former Cravath attorney and a Cambridge computer scientist, and is backed by a world-class group of investors, including Joe Lonsdale’s 8 | Partners, and Gavin Solotar, former Greenhill General Counsel and Wachtell Lipton corporate partner, Metamorphic Ventures, Great Oaks and former Founders Fund partner Bruce Gibney.