Blog
Insights on fund operations, AI agents, and the back-office work nobody talks about.
Can ChatGPT Review a Capital Statement? Five Things That Break — and Why It Won't Tell You
Fund CFOs are already pasting capital statements into chat windows. The honest answer isn't yes or no. It's that a general-purpose model will always give you an answer, and the five ways it goes wrong are the five ways it stays quiet about it.
Every Fund Builds a Self-DDQ Document. Here's Why It Stops Working.
Ten-plus DDQs per fundraise, and in one CFO's words, eighty percent the same questions. So CFOs write a master answer document — and it works, until it quietly goes stale. The failure isn't discipline. It's that the document has no idea when it's wrong.
The Sub-$1B Fund Manager Map: 775 VC and PE Firms Under $500M, From Their Own Form ADVs
Fundry is built for fund managers under $1B. We pulled the SEC adviser data for the lower half of that market, every active US venture and private equity firm under $500M. The median manages $103M, three out of four are Exempt Reporting Advisers rather than registered RIAs, and Colorado has more of them than Texas.
What Your Fund Admin Does, What It Doesn't, and the Five Things That Fall in the Gap
Fund administrators cover the fund. LP portals cover the investor. Neither covers the CFO's inbox, the questionnaire, the K-1 review, or the management company. A map of who owns what — and where the unowned work actually lives.
Measure Your DDQ Reuse Rate Before Your Next Fundraise
Every fund believes its DDQs overlap. Almost none have measured it. Here's the 30-minute exercise that tells you what your answer library is actually worth — and where it's empty.
DDQ Speed Doesn't Come From a Bigger Model. It Comes From Your Last DDQ.
Most of a new DDQ is questions your fund has already answered. The compounding asset is a knowledge base of approved, cited answers — not a smarter chatbot. Start with your hardest questionnaire, free.
Juniper Square Says Your Financials Need 150+ Checks. They're Right. Now What?
Fay validated the category: AI reasons, math runs in code, evals catch drift. The question for a sub-$1B fund is different — who does the work the checker checks?
The K-1 That Doesn't Tie: Three Structural Reasons (None of Them Are Math)
Extended K-1s go out September 15. When a K-1 won't reconcile to the partner capital account, the cause is almost never arithmetic — it's allocation timing, a mid-year transfer, or bundling. Here's the checklist.
From Form ADV to a working dashboard in under 60 seconds
Most fund ops tools open with a 14-tab onboarding form. We replaced ours with a single field — your firm name — and let the SEC fill in the rest.
Why DDQ Responses Still Take 1–2 Weeks (And How to Fix It)
Most fund managers spend 40+ hours per quarter on DDQs. 80% of the questions are the same. Here's why it still takes so long and what you can do about it.