Covenant is an AI-native law firm for private-market investors that combines attorney judgment, AI-driven execution and a searchable record of every term in a client's portfolio. It advises on fund investments, direct equity, private credit and secondaries, reviewing, drafting, comparing and closing documents such as LPAs, side letters and subscription agreements. It is aimed at investors such as wealth advisers, private equity firms and foundations that commit capital to private markets.
Product
Covenant
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Headquarters
United States
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What Covenant does
Covenant's model has three parts: private-market attorneys handle complex and novel judgment calls, purpose-built AI workflows review, draft and compare documents, and a legal intelligence layer keeps a verified record of every term, right and obligation. That record is checked by Covenant lawyers, stays current across amendments and side letters, and is searchable across the whole portfolio. Practice areas cover funds (closed-end funds, hedge funds, co-investments, continuation vehicles, separately managed accounts and joint ventures, including issues lists, comment memos, side letters, subscriptions and MFN analysis), direct equity from SAFEs and convertible notes to priced rounds, private credit across venture debt, CLOs, syndicated loans and fund financing, and secondaries from LOI through to transfer. Named clients include Basecamp Wealth Advisors, Brooke Private Equity and Dogwood Health Trust. Investors can submit an LPA for a free review. The AI Firm Index reports a $4M seed round from Flybridge Capital.
What it does
Covenant core capabilities
Funds
LPA review, side letters, subscriptions and MFN analysis.
Direct Equity
SAFEs, convertible notes and priced rounds.
Private Credit
Diligence and negotiation across debt and fund financing.
Secondaries
Buying and selling private company and fund interests.
Terms intelligence
Searchable, verified record of portfolio terms.
Case studies
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Trust & compliance
Covenant security at a glance
Security certifications
Named enterprise customers
Pricing details
Covenant pricing
No public prices; investors can submit an LPA for a free review.
Product videos & screenshots
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Product interface
Covenant Interface
Comparisons
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Transparency
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FAQs
Frequently asked questions about Covenant
Covenant serves private-market investors, such as wealth advisers, private equity firms and foundations, across funds, direct equity, private credit and secondaries. Named clients include Basecamp Wealth Advisors, Brooke Private Equity and Dogwood Health Trust.
Purpose-built workflows review, draft, compare and close documents, while a legal intelligence layer records every term, right and obligation across a portfolio. Covenant lawyers verify that record and keep it current across amendments and side letters.
Yes. Investors can submit an LPA for a free review or start a conversation with the team. Covenant does not publish fee details on its site.
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