Mid-market private equity firm
Diligence Q&A grounded in the actual data room
A growth-stage PE firm running 8–12 concurrent diligences wanted partners to get unblocked at 11pm without paging an associate. Rowbase built a deal-scoped assistant that answers questions from the live data room and drafts first-pass deal memos in the firm's voice.
3.4x
increase in diligence questions answered same-day
01 · Challenge
Where the work was getting stuck
Partners and senior associates were the bottleneck. Mid-process diligence questions — financial trends, contract clauses, customer concentration, integration risk — sat in queues until someone with context could review the source. Off-the-shelf legal AI tools couldn't see the live deal data room or stay scoped to one deal at a time. Cross-deal contamination was a non-negotiable concern.
02 · Approach
How we built it
- 01Built per-deal isolated context layers with row-level permissions that match the firm's existing deal-team access model.
- 02Connected the active data room, prior diligence reports, the firm's investment criteria, and historical deal memos as grounded sources for each engagement.
- 03Shipped a Q&A surface that answers in plain English with citations, plus a deal-memo drafter that produces a first-pass document in the firm's house style.
- 04Embedded a review step so associates correct the draft before it reaches a partner — those corrections feed back into the context layer.
03 · Outcome
What changed
- Same-day answer rate on mid-process diligence questions went from 28% to ~95%.
- Associates spend less time chasing context and more time on the analysis partners actually want.
- First-pass deal memos now arrive in 6–8 hours instead of 2–3 days, and partners report they need fewer revisions.
Systems & sources involved
Talk to Rowbase about a similar workflow.
Send us the workflow, the systems involved, and what a useful first version would need to answer or do.