Source: PRWeb
SmartEsq, the legal intelligence platform for private funds, announced the launch of its AI-Powered MFN Election tool, the first solution that fully automates the Most Favored Nation (MFN) election process. Purpose-built for private equity firms and fund formation counsel, the tool eliminates manual tagging, reduces legal costs, and compresses a multi-week process into just a few hours.
The MFN election process is one of the most tedious and risk-prone components of fund documentation. Legal teams must cross-compare terms across dozens of investors, assess eligibility against negotiated constraints, and compile election summaries under tight timeframes. With growing LP scrutiny and increasing fund complexity, the margin for error has all but disappeared. Yet most MFN tools on the market still rely on user-driven tagging, fixed templates, or rules-based workflows. These models introduce variability, slow adoption, and require weeks of onboarding and training.
SmartEsq’s MFN Election tool eliminates this manual burden, automating the identification of MFN-eligible provisions and investor electability, and generating a complete MFN compendium and election forms with no tagging, templates, or training required.
“This is a game-changing tool for fund counsel,” said Esther Chiang, CEO and Co-Founder of SmartEsq. “We built it to solve the actual bottlenecks in the MFN process. It’s fast, accurate, and designed to scale as funds grow.”
Read the full article: https://www.prweb.com/releases/smartesqs-ai-powered-mfn-election-tool-automates-side-letter-workflows-for-fund-managers-and-legal-teams-302495311.html
