PE funds run on deal-critical documents. CIMs, board memos, LP data, financial models. The moment any of it downloads from your data room, reaches a portco, or enters a deal team's AI tool, your governance stops. Confidencial embeds selective encryption into the data itself, so control travels with the file, not just with the system.
A CIM in the wrong hands before close. A board memo on a breached portco’s system. LP K-1 data in a fund administrator’s compromised inbox. Adversaries don’t need to breach the fund directly; they go through the portco, the advisor, or the data room.
The financial impact is the floor. A damaged exit, a failed fundraise, or a Reg S-P inquiry is what ends careers.
Your data room enforces governance inside the portal. Email gateways protect the channel. IAM verifies who can authenticate. None of these controls travel with the file. When a document leaves, the policy still exists. The enforcement doesn't.
These aren't edge cases. A single active deal might have a CIM in six counterparty environments, board memos shared across a dozen portco contacts, and LP tax data in the hands of three outside firms, none of it protected after it left yours.
A CIM downloaded from the data room for internal review. Forwarded to a colleague. Pasted into an AI tool. No visibility, no audit trail, no ability to revoke.
A portco is hit by ransomware. Before encrypting, attackers exfiltrate everything, including board presentations and fund communications shared by the GP. 80% of PE firms have experienced disruption like this during the hold period.
K-1s, subscription docs, and wire instructions distributed annually to fund administrators, accountants, and outside counsel. None carry protection after they’re sent. Reg S-P requires documented controls. None of those files have any.
A download is all it takes.
Not the system. Not the perimeter. The file itself, from creation through AI ingestion.
Each product picks up where your existing stack stops. Deploy individually or together across your environment.
Filters sensitive fields inside documents as data moves through your workflows. Replaces manual redaction without disrupting how your team works.
Deal terms, LP personal data, and fund information stay out of unauthorized AI tools. Protection is cryptographic. It doesn't depend on deal team behavior. A full audit trail is exportable on demand.
Governance for deal documents stored or shared in portco systems, cloud environments, and fund administrator networks. Protection that follows the document outside your controlled perimeter.
Share CIMs, board memos, and LP documents with counterparties, advisors, and portcos without losing control. Revoke access after any handoff without retrieving the file.
Encrypted deal rooms and data environments for M&A due diligence, fund administration, and LP document distribution. Control who sees what across portcos, advisors, and counterparties.
Reg S-P, updated in 2024, requires PE funds and RIAs to implement written policies, documented controls, and 30-day breach notification for LP personal data - K-1s, subscription documents, wire instructions, and tax records. The SEC examination program is actively testing these controls. Institutional LPs are asking about them in DDQs.
The funds that can demonstrate provable, documented protection for LP personal data, with an audit trail, not a policy document, have a concrete, differentiated answer to a question that’s becoming standard in the LP due diligence process.
Yes. Confidencial operates at the content layer, below your VDR. Intralinks and Datasite work exactly as they do today. o workflow changes, no deal process changes. Encryption is applied when documents are shared, and travels with the file into any environment it reaches after download. For funds looking to consolidate, Confidencial Spaces is a purpose-built secure deal environment with encryption embedded at the document level from day one — not bolted on. If you're evaluating your VDR contract at renewal, it's worth a conversation
Email encryption protects the message on its way to the recipient — once it arrives and the attachment is opened or downloaded, the file sits in plain text on someone else's machine and your control is over. Confidencial uses selective encryption to protect the sensitive details inside the document itself, so a K-1 or a deal memo stays protected after delivery, after it's forwarded to outside tax counsel, and after someone pastes it into an AI tool.
Protected files return nothing usable to an unauthorized AI process. The protection is cryptographic; it doesn’t depend on deal team awareness or behavior change. Under Reg S-P, if LP personal data was included, this may constitute a reportable disclosure event without content-layer protection. Confidencial enforces regardless of what tool is used.
The GP signs one agreement at the fund level. Every portfolio company is covered immediately, including companies with no dedicated IT or security function. No per-portco negotiation, no per-company IT rollout, no portco CISO buy-in required. The platform team deploys once, and governance extends across the entire portfolio.
Reg S-P requires written policies, documented controls, and 30-day breach notification for LP personal data. Confidencial's access log provides documented controls and compliance evidence, generated automatically rather than assembled after the fact. When the SEC asks, the audit trail is producible on demand. Cryptographic proof, not a policy document.
No. Protection is deployed at the fund level and extends to every portfolio company automatically. A portco with no dedicated IT function is covered the moment the GP signs the fund-level agreement. No portco IT involvement, no per-company rollout.
One download. One forward. One AI paste. That’s all it takes to lose control of a deal document you spent months building. We’ll show you exactly where governance stops in your current environment.
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