Faster diligence. Same-day IC materials.
An illustrative pattern — not a customer engagement (Capital Refinery has none to publish yet). A mid-market PE firm running 30+ deals a year loses weeks per deal on data normalization and IC pack rebuilds. The pattern: anchor the deal pack to a lane-aware structured dossier instead of treating each deal as a one-off rebuild. The time figures below are illustrative of what the workflow targets, not measured client outcomes.
The challenge: too many deals, not enough time
The team was running 30+ active processes a quarter — buyouts, growth equity, and add-ons. Each deal arrived with the same shape of source pack (CIM, financials, model, ESA, lease abstracts) and each one was being normalized from scratch by an analyst. Definitions drifted between deals. The IC pack assembly took three days. The rebuild after every operator update took two more.
The problem was not analyst time. The problem was that nothing was reusable across deals.
What changed with Capital Refinery
The team installed firm-policy thresholds for Risk Signals once. They configured the lane-aware dossier templates for their deal types (corp PE buyouts, growth equity, RE-PC). After that, every new deal followed the same path:
- Drop the source pack into the platform (CIM, model, financials, supporting documents)
- Same-day diagnostic returns: lane-aware IC memo, Risk Signals graded against firm policy, source-backed numbers, scenario range
- IC pack ready for partner review by end of day, not end of week
- After IC commits, the anchor locks the basis. Drift since IC renders on demand for any portfolio review
From CIM to IC in four steps
Step 1 — Ingest. The platform extracts KPIs from the source pack with cell-level lineage. Every figure has a candidate trail back to the source.
Step 2 — Grade. Risk Signals run against firm-policy thresholds: LTV, expense creep, debt-service runway, concentration, sponsor exposure. Observed value, firm threshold, verdict.
Step 3 — Render. The lane-aware memo dossier renders from the structured data. What Must Be True / What Would Change / Likely Pushback triptych. Scenario range from the firm shock pack.
Step 4 — Anchor. The committee votes. The IC anchor writes a tamper-evident record of the full decision basis. From that point forward, every operator update tests against the anchor.
What the investment team would experience (illustrative)
- Diligence time per deal compresses from ~3 weeks toward ~1 week
- IC pack assembly moves from ~3 days to same-day
- Quarterly review stops being a reconstruction exercise — “since IC” renders on demand
- Partner time on each deal shifts from reconciling numbers to debating the call
Beyond one deal: building a reusable underwriting memory
The bigger shift was structural. Every IC anchor in the system is queryable. The team can now look at every covenant breach in the portfolio over the last 24 months and trace each one back to the IC decision basis that approved the position. The drift between underwriting and operator reality became visible at portfolio scale.
That is what “decision integrity” means in practice — not just for one deal, but for the firm’s growing investment record.
See how this workflow could look on your fund.
Bring us a CIM in flight and a position from your portfolio. Same-day diagnostic pack back showing exactly what the lane-aware dossier renders for your deal flow.