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Back in 2021, EY Law and Harvard Law School's Center on the Legal Profession found that 87% of legal departments reported spending too much time on low-value, routine tasks. This was years before AI entered the zeitgeist, but even now, with AI tools proli

In our most recent Market Index Report, our team analyzed over 645,000 negotiated NDAs. While most of the terms didn't move, two took a noticeable dip from the 2025 baseline, but the last-AI-related clauses-surged 9.4x between Q1 2025 and Q2 2026. Term Sh

Why AI adoption outpaced AI trust in private markets The mandate inside private market firms has been simple: adopt AI wherever you can, fast, or fall behind. And it worked. AI adoption in private markets deal workflows more than doubled between 2024 and

Manually rebuilding a structure chart from a PDF, piecing together historical ownership from scattered entity records, wanting native AI features to assist with entity work and not having them, these are the pain points that are most familiar to just abou

Give any LLM a document, and it can easily summarize governing provisions, draft a resolution, extract key facts, or answer an entity management question in seconds. That's one reason they've been so widely adopted by private market firms. But while LLMs

Managing an obligation is more than tracking it. Legal and compliance teams need to know what they agreed to and be able to answer questions about it on demand. They need to make sure every commitment gets met. And they need to report on obligation compli

Every January starts the same: LP sentiment surveys tick up, dealmakers get excited, and everyone agrees this is finally the year the industry recovers. Then something happens: rate hikes in 2022; Silicon Valley Bank in 2023; election uncertainty in 2024;

Ask five different legal and compliance teams which AI tool they've standardized on for side letter and MFN work, and you won't get a consistent answer, often not even within the same firm. As our senior sales engineer, Ed Hawkins, summed it up during our

The volume of due diligence questionnaires only continues to climb. One GP told Ontra that the finance team handled 1700+ pages of questions from 70+ LPs during its latest raise. The principal even joked about wanting to cry when the first DDQ came in due

Ontra has earned ISO 42001 certification, the world's first international standard for managing AI. AI is now embedded in the workflows private markets firms rely on every day - contract review, fund obligation tracking, due diligence, and reporting. Lega