Conservancy

The intelligence infrastructure for capital allocation.

One platform to intake, analyze, and manage every deal — across private equity, real estate, and private credit.

Conservancy reads the documents a deal actually runs on — CIMs, offering memos, rent rolls, lender packages, leases — and produces the decision artifact your committee expects, in minutes.

See Sample Outputs

Founded 2026

The full lifecycle

I.

Intake.

Bring in any deal document: CIMs, offering memos, rent rolls, T12s, borrower financials, leases. Upload or paste; Conservancy handles the parsing.

II.

Analyze.

Turn any deal document into the decision artifact your committee expects: extracted, computed, and cited — in minutes, not weeks.

III.

Manage.

Pipeline, assignments, comments, and shared workspaces keep every deal and every teammate on the same page across verticals.

IV.

Compound.

Where your plan includes them, analyses contribute to a private comparables set and sector benchmarks, so later deals can be informed by earlier ones.

The artifact, in minutes.

Upload the documents. Conservancy returns the report your committee actually reads — structured, computed, and cited. Three real outputs below.

Sample Output

Midwest Mechanical Services

Commercial HVAC Services·Indianapolis, IN·Founded 1987·47 employees

Type: Bolt-on
73Score

Why it fits criteria

Solid bolt-on candidate with manageable founder transition risk and reasonable valuation. Recurring revenue base and customer diversification are the standout strengths; geographic concentration and recent customer loss are the central diligence priorities.

Revenue

$14.2M

EBITDA

$2.1M (15% margin)

Growth

8% YoY

Recurring

32% of revenue

Asking price

$11.5M at 5.5x EBITDA

Fair value

$10.5M – $12.0M

Risks

  • Founder transition — Dale Thornton, 68, retiring; children not in business

  • Indianapolis MSA concentration (~70% of revenue)

  • Dayton foreman indicated possible retirement within 24 months

  • Recent $380K customer loss to national HVAC consolidator

Growth ideas

  • Columbus, OH market expansion with existing customer pull

  • Plumbing cross-sell to installed HVAC base

  • Increase maintenance contract attach rate from 32% toward 50%+

  • In-house equipment financing program

Key strengths

  • ✓

    Long customer tenure — 7.4 year average

  • ✓

    41% of revenue under preferred provider or maintenance contracts

  • ✓

    ServiceTitan deployed (2022); diversified customer base

If proceeding — diligence priorities

What to investigate next

  1. I.

    Technician retention interviews across Indianapolis and Dayton crews

  2. II.

    Customer contract analysis — preferred provider and maintenance terms

  3. III.

    Revenue attribution to founder relationships vs. institutional contracts

  4. IV.

    Lost customer analysis — $380K multi-tenant account and replacement pipeline

  5. V.

    Licensing audit — EPA certifications, municipal permits, union exposure

Next step: Request QoE with full P&L detail, technician roster with tenure data, schedule management meetings to assess depth beyond founder.

Accuracy is the product

The model extracts. Code computes. Disagreements are shown, not smoothed over.

01

Computed figures in the memo tables — CRE cap rates and DSCR, credit leverage and coverage, lease rent arithmetic, PE margins and multiples — run in deterministic code. The model extracts the inputs; it does not own those formulas.

02

Those figures are independently recomputed and compared. Disagreements surface as Data Consistency Notes, not as risks of the deal, property, or lease.

03

Lease abstracts cite the page and a verbatim quote for every substantive clause. Other verticals cite the source document where a location was extracted. There is no verifier that every clause in a lease was quoted.

04

Missing data is reported as missing. The engine does not fill an unstated figure with a default.

Built by vertical

Each vertical is a complete workflow on the same engine. Four are live today; the rest open to early access as demand warrants. How figures are computed.

Private Equity

Live

Deal screening, IC memos, and pipeline for lower-middle-market acquirers.

Commercial Real Estate

Live

Institutional underwriting from OM, rent roll, and T12 — cap rates and DSCR computed, not guessed.

Private Credit

Live

Committee-ready credit memos with leverage metrics, covenants, and a rated risk view.

Lease Intelligence

Live

Page-cited abstracts of leases up to 300 pages — absent clauses reported as not found.

Insurance RiskEarly AccessFamily OfficeEarly AccessPortfolio MonitoringEarly AccessDeal SourcingEarly AccessQuality of EarningsEarly AccessCapital RaisingEarly Access

See the full platform →

Priced by vertical

Private equity from $1,500. Real estate from $750 — or $95 per memo. Credit from $1,500. Leases from $45. Design partners get first-year terms.

See Full Pricing