Counselytics has deployed its AI technology in the alternatives investment space. Using machine learning technology, Counselytics is aimed at providing a fast, economical and automated process to find and analyse limited partnership agreements wherever they reside.
As Counselytics finds and centralises 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 The technology can analyse new, incoming LPAs alongside historical documents, which gives the user the ability to benchmark all the historical data and use that for comparisons.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, says: "The bottom line is that Counselytics is going to help clients analyse 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.
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