Omega for PE Secondaries Buyers
Underwrite LP stakes in hours, not weeks.
Extract fund terms, flag transfer blockers, and screen GP principals. Build conviction before the bid deadline.
The secondaries diligence challenge
PE secondaries transactions move fast. You receive a teaser, sign an NDA, and suddenly face 200+ pages of LPAs, side letters, and quarterly reports — with a bid deadline in 10 days.
Traditional approach: Junior analysts manually extract transfer provisions, consent requirements, and key economic terms. By day 7, you realize you missed a critical ROFR clause buried in Side Letter #4.
Omega approach: Upload your document stack. Within hours, receive structured extraction of all transfer mechanics, GP consent requirements, fee arrangements, and governance provisions.
What Omega extracts
- Transfer provisions: ROFR/ROFO mechanics, GP consent requirements (discretionary vs. reasonableness standard), transferee qualifications
- Economic terms: Management fee rates, carried interest waterfalls, GP commitment levels, clawback provisions
- Governance: Key person provisions, no-fault divorce rights, LP voting thresholds, advisory board composition
- Portfolio data: NAV breakdown by company, valuation trends, sector concentration, unfunded commitment schedule
- Side letter provisions: Fee discounts, co-investment rights, MFN provisions, enhanced reporting rights
Time savings
Manual LPA review for a complex secondary: 40-60 hours of analyst time across multiple documents.
With Omega: 2-4 hours of review and verification. Structured outputs ready for IC memo.
That's 10x faster diligence, with better coverage and audit trails.
Integration with your workflow
Omega integrates with how secondaries buyers already work:
- Download from Datasite/Intralinks → upload to Omega → receive extracted terms
- Export to Excel for your existing models and trackers
- Generate IC memo sections with source-linked citations
- Track amendments across multiple fund vintages
Evaluating an LP stake? See Omega in action