Understand the deal before you sign.
Placement turns a private placement memorandum into the terms that decide your money. A clause barring withdrawals becomes one plain line: you cannot take your money out, and you can sell your stake only with the general partner’s consent. It reads Reg D, Reg CF and Reg A+ offerings. You decide with every term in front of you.
Read once, then discarded.
Both sides of the table.
Before You Wire
You have a PPM in one hand and a wire deadline in the other. Placement pulls out the terms that decide your downside, like how long your money is locked up and what the manager takes each year, and writes the questions to put to the sponsor or your own advisor. Then you decide.
Before It Goes Out
See your offering the way a careful investor will. Placement lists the sponsor-favorable terms an investor will question and the points your document leaves unstated. Fix them while the raise is still ahead of you.
Written for lawyers. Now readable by you.
The fees, the lockup and the conflicts of interest are all in there, somewhere in the boilerplate. Placement finds each one and says what it means for your money.
The Whole Deal, Distilled
Issuer, security, minimum investment, fees, carried interest, liquidity, investor rights and the risks, each one a sentence you can act on.
Decode Your PPMA 2% annual fee — on your committed capital during the investment period, then on invested capital after — paid to the manager every quarter, in advance.
“The Fund will pay the Manager an annual asset management fee equal to 2.0% of committed capital during the investment period and 2.0% of invested capital thereafter, payable quarterly in advance.”✓ verbatim in document
Management fee. The Fund will pay the Manager an annual asset management fee equal to 2.0% of committed capital during the investment period and 2.0% of invested capital thereafter, payable quarterly in advance.
A 2% annual fee — on your committed capital during the investment period, then on invested capital after — paid to the manager every quarter, in advance.
It's a brand-new fund with no history to judge it by.
✓ verbatim in documentSee the sentence behind every point.
Quoted, Then Verified
Each point in your report carries the exact line it came from, so you can hold any of them up against your own copy.
- Read on Your Device
Your browser pulls the text out of the PDF. A scanned page with no selectable text needs pasting instead.
- Explain From the Page
A frontier model reads the document under three instructions: explain only what’s on the page, quote it exactly, and write “not stated” where the page is silent.
- Check Every Quote
Each quote is matched against your document, word for word, and one that fails is flagged. The check catches a misquote; it cannot vouch for what the reading left out.
What to ask, before you wire
Placement lists the sponsor-favorable terms worth a second look and writes the questions to put to the sponsor or your own advisor. The decision to sign stays yours.
Decode Your PPMYour PPM, in plain English.
Upload the PDF or paste the text, and your report usually arrives in under a minute. To see a full report first, press Try a Sample.
“Not stated in the document” is a feature.Placement never fills a gap with what a deal usually says.
Questions worth asking.
Is this legal or investment advice?
No. Placement explains what a document says. It does not tell you whether to invest, does not predict returns, and is not legal, tax, or investment advice. Use it to understand the offering and to prepare questions for the sponsor and your own licensed advisor.
What happens to my document?
It is discarded as soon as your report is ready. Your browser reads the PDF, so the file itself never uploads. Only the extracted text goes to the analysis service, which processes it in memory. There is no account and no database, so neither your document nor your report is kept.
How do I know it isn't making things up?
Every quote is checked against your document before you see it. The model is told to quote only exact text and to write "not stated" rather than guess, and an instruction alone proves nothing. So each quote it returns is matched word for word, and any that fails is flagged in the report. The source line sits beside every point for you to read.
What kinds of documents does it handle?
Private placement memoranda and the offering documents around them: Regulation D (506(b) and 506(c)), Regulation CF, Regulation A+ and subscription agreements. Text-based PDFs work best. A scanned PDF has no selectable text, so paste the text instead.
Does it replace a securities lawyer?
No. It replaces the hour you'd spend not understanding the document at all. You reach counsel already knowing the terms, with the questions to bring.
How long does it take?
Usually under a minute. A very long document is read up to the engine's limit, and the report says so when it stops short.
Placement is an informational tool that summarizes documents you provide. It is not a law firm, broker-dealer, or investment adviser, and nothing it produces is legal, tax, or investment advice, an offer, or a solicitation. AI analysis can be incomplete or wrong; always read the underlying document and consult qualified professionals before making any investment decision. Private placements are speculative, illiquid, and can result in the loss of your entire investment.