Products / Insight for Funds

The AI solution for obligation management

Easily understand your fund agreements, track upcoming deliverables,
and meet commitments to investors with Insight for Funds

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TRUSTED BY LEADING FIRMS

Benefits

Leverage AI to satisfy commitments to investors

Insight for Funds allows you to run a digital MFN election process and manage your obligations to demonstrate side letter compliance.

Proactively manage risk

Confidently deliver on obligations and demonstrate SEC and investor compliance with audit-ready execution logs.

Drive operational efficiency

Save time, eliminate siloed fund data, and enable precedent consistency through simplified processes.

Reduce expenses

Reduce counsel spend for ongoing compliance questions, MFN election processes, and final compendia creation.

Stay competitive

Stay competitive with AI to meet investor expectations, simplify collaboration, and stay ahead of competitors.

Features

Confidently deliver on investor obligations

AI contract digitization

Leverage Ontra’s AI abstraction capabilities to quickly identify and categorize clauses from fund documents.

Transform contracts into structured data by identifying legal clauses and highlighting corresponding document language.
Generate names, descriptions, and categories for each obligation, created by AI and reviewed by Ontra specialists.
Create a dynamic and evolving digital precedent dataset across your funds.

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Searchable, digital compendia

Gain an easily searchable, single source of truth for fund documents and obligations.

Manage LPAs, side letters, and MFN forms in a single, secure location.
Quickly surface obligation summaries and contract language with advanced search options.
Use SmartLine to identify language similarities and differences among provisions.
Reference precedent to negotiate better outcomes for your firm.

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AI search

Leverage AI to get accurate and actionable answers informed by the full scope of your investor obligations and fund documents.

Ask one-off and follow-up questions about your obligation data and fund documents.
Receive detailed and summarized answers that surface critical knowledge hidden in fund documents.
Confidently verify each answer with clickable in-line citations to the exact reference text.
Share formatted answers or create tasks from search results to give reminders and hold teams accountable.

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Obligation compliance

Assign, monitor, and report on investor obligation compliance.

Build multi-owner task workflows to proactively execute obligation compliance.
Create recurring compliance checks, internal review processes, and activity logs in preparation for exams.
Export execution data to demonstrate compliance to investors or regulatory bodies.

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Digital MFN elections & disclosures

Digitally run an MFN process before managing all resulting obligations.

Convert side letters to digital agreements and structured obligations as soon as available.
Create forms using commitment thresholds to determine electable provisions and disclosures.
Distribute forms, track progress, and review investors’ elections in a single digital platform.
Seamlessly reflect elections in Insight to manage obligations over the fund life.
Create disclosure schedules for investors and exam responses, redact confidential information, and distribute reports.

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How Insight for Funds works

Digitize

Leverage industry-leading AI models to identify and categorize clauses from fund documents in seconds.

Fundraise

Simplify and expedite MFN elections and disclosures.

Search & comply

Easily search, assign, and report on obligation compliance efforts.

Blue Point Capital Partners

“Insight makes managing our limited partnership agreements and our side letters significantly simpler, delivering real benefits in terms of cost and efficiency. It’s such a quick and accurate reference that I have it open every day.”

Ed Zelaski |

Director of Compliance, Blue Point Capital Partners

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Additional resources

Blog

SEC’s message to CCOs: Build a culture of proactive compliance

Customer Story

Park Square Capital Cuts MFN Election Time by Half with Ontra

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Guide

Top 10 Risks: A Private Equity Compliance Guide

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Customer Story

Linden Capital Partners Reduces SEC Exam Response Time with Ontra

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Request a demo to learn more about Insight

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Insight for Funds FAQs

What is Insight for Funds by Ontra?

Insight for Funds is an AI-powered compliance solution purpose-built for private markets. It helps fund managers understand fund documents, track investor obligations, run digital MFN election processes, and demonstrate compliance to investors and regulatory bodies → all in one place. Request a demo to learn more.
Who uses Insight for Funds?

Insight for Funds is used by private equity firms, hedge funds, and asset managers of all sizes. Primary users include General Counsel, CCOs, CFOs, and compliance professionals who manage investor obligations day-to-day. Legal, IR, accounting, tax, and finance teams also rely on Insight to surface obligation data and stay coordinated across funds.
What problems does Insight for Funds solve?

Insight for Funds addresses the core challenges of manual obligation management: side letters and LPAs tracked across spreadsheets; siloed coordination across legal, compliance, and IR teams; slow, labor-intensive SEC exam responses; and the growing complexity of investor obligations. (The median number of obligations per side letter rose 33% since 2021, according to Ontra analysis.) Manual processes can't scale and they introduce real compliance risk.
What are Insight for Funds’ key features?

Insight for Funds includes five core capabilities: AI contract abstraction that transforms fund documents into structured, searchable data; searchable digital compendia for centralized storage of LPAs, side letters, MFN forms, and other fund documents; AI Search for natural-language questions answered with inline citations to source reference text; obligation compliance workflows with multi-owner task management and audit-ready execution logs; and digital MFN elections and disclosures to run a fully digital most favored nations process that automatically tracks resulting obligations across the fund life.
How does Insight for Funds help with SEC exams?

Insight significantly reduces the time required to respond to SEC exam requests. Linden Capital Partners completed side letter-related SEC requests in 40 minutes or less — down from an estimated 3–4 hours. Pharos Capital Group reduced time per fund to just 15 minutes. Because obligations are already digitized, structured, and searchable, with compliance audit trails automatically logged, teams spend exam time reviewing data and crafting responses rather than digging through documents.
How does digital MFN work in Insight for Funds?

Insight enables the entire MFN process to be run digitally, from creating forms using commitment thresholds to distributing them, tracking investor elections, and capturing final signatures in a connected portal. Approved elections are automatically reflected in Insight so firms can manage resulting obligations across the fund life. Park Square Capital reduced MFN completion time and cost by 50%, completing the process in under 5 weeks.
How does Insight for Funds protect sensitive fund data?

Insight is built on Ontra's enterprise-grade security foundation: SOC 2 Type 2 (all 5 trust criteria), ISO 27001:2022 certification, zero data retention in our platform, robust encryption, and a strict no-training-on-customer-data policy. Role-based permissions ensure each user — internal or external — only accesses the information relevant to their role.
How does pricing work for Insight for Funds?

Insight for Funds is an annual software license. Pricing is based on your firm's specific needs and scale. Please get in touch for a quote.