Nemosyne
Menu

For private equity firms

Institutional memory for private equity firms

Your deal files, IC memos, minutes and board decks already contain the answer to most of what a partner asks on a Monday. They just do not contain it in one place, and nobody is paid to reassemble them. Nemosyne reads them once, writes down what it learned, and keeps the result cited.

Where the work already lives.

Nothing moves and nothing is migrated. Nemosyne connects to the systems the fund already runs and reads them where they sit.

  • The deal file in SharePoint or Google Drive — the information memorandum, the model, the diligence reports, the sale agreement.
  • The CRM, whether Affinity, Salesforce or HubSpot, holding the pipeline history and who introduced whom.
  • The investment committee papers: the memo that recommended, and the minutes that resolved.
  • Board decks and monthly packs from each portfolio company, arriving as attachments nobody indexes.
  • The email and message threads where a condition was agreed and never written down anywhere else.

Permissions arrive with the documents. A deal folder only the deal team can open stays that way inside the memory, and an answer assembled for anyone else simply does not contain it.

Three kinds of recurring work.

The same three shapes come round every quarter. What changes is not that the work disappears — it is that nobody has to reassemble the record before it can start.

The quarterly portfolio review

someone rebuilds the story: last quarter's pack, the covenant position, what the board said, what the committee made conditional, and whether that condition was ever released.

the current position is already assembled, each figure naming the document it came from, and a condition nothing on the record has discharged still reads as conditional rather than assumed closed.

Screening a new opportunity

“have we seen this before?” is answered by whoever happens to remember, and the people who left took their recall with them.

the earlier deals that resemble this one come back with what was decided, the stated rationale and what happened next — including the ones the firm declined.

Preparing for an exit

the decision history is reconstructed from a folder, and the reasoning behind a three-year-old approval is usually gone.

every resolution, its basis and the documents behind it are still attached, so the narrative you take to a buyer is the one the record actually supports.

A worked example.

Illustrative — the firms, names and figures below are invented

Meridian Health is a portfolio company. In March the investment committee approved a follow-on investment, subject to confirmatory diligence. In June the quarterly review comes round and the partner asks what the position is.

IC memo · Mar
Recommends the follow-on at €12.4m ARR, naming customer concentration as the principal risk.
Minutes · Mar
Approval recorded, subject to confirmatory diligence. No vote is minuted.
Board deck · May
Trading below plan; ARR restated to €11.9m.
CRM · Jun
Stage still reads “approved” — the record nobody went back to update.
Precedent
Harbor was declined in 2023 on the same concentration profile.

The condition has no discharge. No document after March records the confirmatory diligence being completed, and the minutes record no vote — silence is not unanimity. The answer says so rather than reporting the deal as approved, because the record does not say that.

What your assistant answers.

Through the same Claude, ChatGPT or Cursor your firm already uses — one connection per firm, and each person sees only what they are allowed to see.

Prepare the quarterly review for Meridian Health.

Approved in March subject to confirmatory diligence; no later document records the condition being discharged.

Two comparable deals were declined on this concentration profile — Harbor in 2023 and Kestrel in 2022.

Each sentence carries the document it came from, so the partner opens the minutes rather than taking a summary on trust.

See how the answer is assembled →

The first thing we would ask you.

Day to day, is this more about running the fund, running deals, or both?

Firms that run funds and firms that run deals want different things from the same documents. A fund operation cares about LP reporting, capital calls and the side letters that constrain them; a deal team cares about precedent, rationale and what a committee actually resolved. We would rather know which you lean to — or that it is genuinely both — than average the two.

Questions this raises.

Does this replace our CRM?
No. The CRM stays the system of record for the pipeline. Nemosyne reads it alongside the documents and reconciles the two — which is how it noticed a CRM stage reading “approved” while the minutes recorded a condition still outstanding.
What happens when two documents disagree?
Both stay. The value is resolved deterministically, by authority and recency, and the losing figure remains attached and readable. A restated ARR does not erase the figure the committee approved on.
Can a junior see everything a partner sees?
No, and not by convention. Visibility is stamped at capture from each source's own permissions and every answer is trimmed to the person asking, so a deal folder they cannot open contributes nothing to their answer.
How long before it is useful?
The first companies and people appear within a minute of the first document. Reading a full deal archive takes hours rather than minutes, because the work is done when a document arrives and not when you ask.

Start with what your firm already knows.

Free for three people and about a hundred documents. No card, no expiry.

Start free →

Also written up for Private credit · Legal · Tax · Accountancy · Audit