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BUILT FOR LPs

The AI platform built for how allocators actually work.

TomNext structures the LP diligence workflow — from raw deal data to investment decision, faster.

TomNext — Private Markets Diligence Platform Scene 1 of 4
Deals Horizon Investment Fund Private Equity
PPM
Horizon Fund IV — PPM.pdf
3.2 MB · Private Placement Memorandum
Drop documents here · PDF, DDQ, LPA, DOCX supported
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Private Equity
Buyout · Mid-Market
Europe Focus
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Archway Capital Fund IV
Private Equity
Updated by Ethan Hunt, 24 Apr 2026 at 10:15 AM
I
S
+
Alignment
Low
Quality
High
Fees
High
Risk
Medium-High
Liquidity
Low
Europe
Limited partnership
Healthcare & B2B Services
Fund size
€600M
Expected returns
12–14%
Fees
2%/20%
Min. Ticket
€5M
Term
10 years
Status
Diligence

Archway Capital Fund IV is a mid-market European buyout fund targeting healthcare services and B2B software companies with enterprise values between €50M and €250M. Fund IV represents a 25% step-up from Fund III at a €600M target, with a hard cap of €750M.

What we need to believe
Fee structure justification: At 2.0% on committed capital, management fees exceed market benchmarks for this fund size. An LP needs to believe the team’s sourcing advantage and operational value-add justify the premium cost relative to comparable mid-market managers.
Fund size step-up is executable: Moving from €480M to €600M requires deploying 25% more capital into the same deal flow. An LP needs to believe the pipeline and team bandwidth can absorb the increase without strategy drift toward larger, more competitive deals.
Aurora Growth Fund · Comparison
Aurora Growth Fund
Family Fund
Alignment
High
Confidence
Medium
Risk
Low
Fee advantage
Low
Liquidity
Low
Fund Size $500M USD    Target IRR 10.2%    Fees 10%/12%
Vista Equity Partners
Global Fund
Alignment
Low
Confidence
High
Risk
Med-High
Fee advantage
Medium
Liquidity
Medium
Fund Size $420M USD    Target IRR 11.5%    Fees 8%/14%
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THE PROBLEM

Private markets workflows are still too manual.

Fragmented data and disconnected systems slow decisions and increase risk. Private market investors are missing an intelligent, secure, and collaborative workflow tool.

92%

of LP/FoF professionals say unstructured GP documents directly impair investment decisions.

Accelex / Carta, Data Challenges for Fund-of-Funds, Sep 2025

33%

of LP investment teams’ time is spent on data handling rather than analysis.

Accelex / Carta, Data Challenges for Fund-of-Funds, Sep 2025

75%

of family offices lack internal private-market analytics capability.

BlackRock Global Family Office Survey, Jun 2025

TODAY’S HIGHLY MANUAL WORKFLOW

1

Download & organise documents from multiple sources and versions

2

Read & manually extract relevant information

3

Build analysis and reports; identify follow-up items

4

Chase missing information and responses to DDQs

5

Produce IC memos and store final decision-making information

WHO WE SERVE

Designed for allocators, advisors and investors

We’ll run a live analysis on your own deals so you can judge the output against your own standards.

Family Offices & HNWIs

Institutional-grade diligence, without the 15-person back office.

Wealth Advisors

Automate analysis, reduce manual review and focus on client strategy.

Institutional Investors

Standardise diligence across teams, ensure consistency and accelerate decision cycles.

FAQs

Questions we are asked often:

What is TomNext?

TomNext is an AI platform purpose-built for LP-side allocators. It does the analytical heavy lifting of private markets diligence: reading and interrogating GP documents, generating structured analysis, tracking deals across their full lifecycle, and preserving the institutional context that typically gets lost between investment cycles.

Who is TomNext built for?

TomNext is designed for professional investors managing private markets exposure — single and multi-family offices, wealth advisors, fund of funds, and institutional allocators. It serves both the CIO or principal making commitment decisions and the analyst doing the day-to-day diligence work.

How is TomNext different from a general-purpose AI tool?

General-purpose AI tools don't understand that a DDQ is a selective disclosure, or that a version change in an LPA can invalidate your fee model. TomNext was built from the LP’s seat - with document scepticism, mandate-alignment logic, and deal lifecycle context that allocators need. It also operates on a zero-hallucination principle: every output is linked to the exact source paragraph it draws from. If it doesn’t have the evidence, it says so.

How is TomNext different from portfolio reporting tools like Addepar or Chronograph?

TomNext operates upstream of portfolio reporting. Addepar and Chronograph handle NAV tracking and performance analytics after capital has been deployed. TomNext handles the diligence and decision-making work before and throughout the deal. It is a pre-investment workbench, not a performance reporting system.

What asset classes does TomNext cover?

TomNext covers Private Equity, Venture Capital, Private Credit, Real Estate, Infrastructure, Hedge Funds and a wide range of private market assets.

What document types does TomNext support?

TomNext works with the full range of GP documents: PPMs, DDQs, LPAs, side letters, subscription agreements, pitch decks, factsheets, performance reports, capital call notices, and meeting notes.

How long does it take to get started?

Clients are live and productive within hours. You upload your first deal document and TomNext gets to work immediately.

Is my data secure?

Yes. TomNext is SOC 2 Type II and ISO/IEC 27001 certified. An independent auditor has verified that our security, availability, and confidentiality controls operate effectively. Your data is never used to train third-party AI models. Organisation-level data isolation means your information is never shared across client organisations. We are GDPR compliant with private cloud hosting options available.

Ready to see what better diligence looks like?

Book a 30-minute demo with the founding team.
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