The operating layer of a special-situations fund

Read every deal.
Remember every deal.
Win the ones that count.

An AI that has read every document in the data room. A memory that recalls every prior deal the fund has ever evaluated. Partner chat, in-platform video, a counterparty portal, and a private inbox so the deal — and every mail and call about it — never leaves the fund’s own environment. Built for the way distressed and complex deals actually arrive — partial, urgent, pan-European.

Live in production · used daily by the founders
Watchtower signal
Pipeline
0%
less time to first committee memo
0×
more deals triaged per partner-week
0
deals lost to forgotten follow-up
0%
institutional memory retained
Why now

The economics of complex deals just changed.

AI changed the cost of reading

Reading every document in a data room used to take an analyst three days. With the right system it now takes ninety seconds, and the system never gets tired or distracted. Funds that adopt this now will out-execute funds that don't.

Distress is accelerating

The rate cycle, refinancing walls of 2026-2028, and post-COVID restructurings are producing opportunity at a pace generic CRMs cannot triage. The fund that captures and prioritises signal fastest wins.

Information advantage is temporary

A distressed company is identifiable in a court filing six weeks before it shows up in trade press. Kerdour turns that six-week window into a structural origination edge — before everyone else gets the same press release.

Why Kerdour exists

The tools the market sells were built for someone else.

Generic deal CRMs were built for generalist PE pipelines. Fund-admin platforms address regulated reporting, not deal making. Neither knows what a hard veto is, neither reads the data room, neither remembers the last deal in the same sector. Kerdour is the operating layer a special-situations fund actually needs — designed from the deal floor, not from a product roadmap.

The deal arrives in fragments

A teaser PDF in your inbox. A name on a Companies House filing. An intermediary on a Tuesday call. The work to make it a coherent record is what kills your week.

Your best memory is unstructured

Three years in, you've looked at 200 deals. Most of that experience lives in Slack threads, your head, and a few partner-only Notion pages. The next similar opportunity arrives with zero context.

AI tools don't fit your work

Generic AI assistants don't have your data room. Bolt-on AI features in legacy CRMs don't know your decision tree. None of them can cite the precedent from the deal you passed on two years ago.

Inside Kerdour

The core surfaces. One workflow.

Origination, triage, diligence, decision, and memory — in one system, in the order you actually work them.

Watchtower
The collaboration layer

Everything happens inside Kerdour.

Most funds run their work over WhatsApp, Zoom, and Dropbox links. Half the deal record ends up in three different places, none of them confidential. Kerdour gives you the three primitives you actually need — partner chat, video meetings, and a counterparty portal — built into the deal record so nothing leaks.

Partner Room
Encrypted chat with AI thread summaries

Authenticated partner messaging with per-deal rooms, voice + video calls launched from the room, persistent floating call widget, AI summary of the last 48h, pinned-messages drawer, and one-click delete-conversation. Replaces WhatsApp groups with something the fund owns.

  • Per-deal rooms · real-time SSE · pinned drawer
  • Voice / video call from the header
  • AI 48-hour catch-up summary, delete-conversation
Deal-Room Meetings
Persistent video that survives page navigation

Start a call from any deal or partner room. The widget floats above the page tree so you can keep working on the pipeline or watchtower while the call continues. Hang up on one side, the other side’s ringer stops automatically (no awkward 30s timeout). Recordings + transcripts feed the co-pilot.

  • Floating widget · mini / expanded toggle · live timer
  • Incoming-call banner with Accept / Decline + custom ringer
  • Voice-only mode · meeting.ended SSE stops the ring
Counterparty Portal
Selective data-room access for outside parties

A magic-link portal that gives an intermediary, lender, or management team access to exactly the document categories you decide — not the rest. They can also upload requested docs straight into the deal’s data room.

  • Per-category access matrix (18 categories)
  • Token-revocable, audit-logged
  • Uploads land tagged in the data room
Self-hosted, on the fund’s own domain.

Chat, video, and the portal all run on the fund’s own infrastructure. No Slack, no Zoom, no Microsoft, no third-party search index reading confidential teasers. The fund controls the data the moment a counterparty touches it.

What this means on a Tuesday

A normal week, the way it should run.

  • 08:14
    The watchtower flags an administrator appointment

    A mid-cap industrial in one of your watched sectors goes into administration. The signal hits your screen with severity, watchlist match, and one-click 'create deal'. You're working on it before the trade press picks it up.

  • 10:42
    A teaser email auto-routes to the right deal

    An advisor forwards a 12-page teaser to the fund's address. The inbox tags it ✨ AUTO at 97% confidence, matches the company name to in-progress diligence, attaches the message to the deal, and saves the PDF to the data room — all on the fund's infrastructure, before anyone has even read the subject line.

  • 13:20
    The co-pilot has already read the data room

    Before you open the deal page, the AI has summarised every document, flagged the change-of-control clause in the senior facility, and drafted the three commercial questions you should put back to the intermediary.

  • 14:30
    Video call with the management team — inside Kerdour

    You schedule a meeting from the deal page; the management team gets a guest link with no signup. The call is recorded, transcribed, and indexed by the co-pilot before the call ends. The transcript is searchable next to the data room.

  • 15:45
    You open a category of the data room to the lender

    The senior lender needs to see the financial model and legal pack — nothing else. One click issues a portal link with access to those two categories only. They upload their NDA back into the right folder. Nothing in email.

  • 16:05
    The precedents panel surfaces a relevant pass

    On the new deal, the system flags a 78%-similar deal you rejected in 2024. You re-read the rejection rationale in fifteen seconds and decide whether the same logic applies.

  • 17:30
    A partner ping replaces the WhatsApp group

    You hit the Phone icon next to your co-partner's name in the room. Their ringer plays across whatever page they're on. They click Accept; the floating call widget mounts above the page tree so they can keep navigating the pipeline while talking. Hang up — their ringer stops instantly via the meeting.ended SSE event.

  • 19:00
    The committee memo writes itself

    The recommendation memo for tomorrow's investment committee pulls from the live deal record: scoring, decision tree, data-room state, AI extractions, meeting transcripts. You spend the evening editing the thesis, not assembling the document.

One day. Eight moments where the system did the work that would otherwise have eaten partner time.

How it compounds

The fund that compounds three years of memory wins.

Every action becomes context for the next deal. Source signals feed the pipeline. Pipeline work feeds the data room. The data room feeds the co-pilot. Decisions become precedents. Precedents change what the next signal means.

Source
Watchtower · Mailbox
Triage
Pipeline · Decision tree
Diligence
Data room · Co-pilot
Decision
Scoring · Committee memo
Memory
Precedents · Activity

After fifty deals, the system knows which catalysts close, which intermediaries deliver, which sectors actually convert. Every new opportunity is evaluated against that body of memory before a partner spends time on it. Three years of compounding becomes a structural advantage that lives inside the fund itself.

Everything in one system

The tools the deal team actually opens.

Watchtower

National gazettes, court filings, and corporate registries across the UK, France, Belgium, Germany, and the Nordics.

Private inbox

The fund's own email address. Auto-routed to the right deal. Secure by default — nothing leaves the fund's environment.

Pipeline

Table or Kanban. Click any stage chip to filter. Live meeting badges. Soft-delete with audit.

AI Co-pilot

Full deal context loaded into the prompt. Reads every document. Surfaces red flags.

Data room

18 categories. AI extraction. Tag editing. Standard request checklist.

Scoring

15 criteria, radar visualisation, recommendation bands, hard vetoes.

Partner Room

Encrypted chat · AI 48h summary · pinned drawer · delete-conversation.

Persistent calls

Floating widget survives page navigation · voice or video · hang-up stops the other side's ring.

Counterparty portal

Magic-link access to chosen data-room categories. Token-revocable. Upload back into the deal.

Contacts directory

All deal counterparties + fund sources in one A-Z. Click for the detail modal. Add source in one click.

Precedents

Cross-deal pattern recall with live outcomes — closed, rejected, monitor.

Country news

Live headlines per deal in the right locale — UK, US, FR, DE, IT, ES, NL.

Sources

A-F grade per intermediary. Close rate, score, capital introduced.

Public registers

One-click lookup of company filings. Covers UK, Germany, Netherlands, France, and Italy.

Committee memo

Live-generated from the deal record. Pulls scoring, decision tree, and AI extractions. No version drift.

Calendar

Aggregated deadlines from intake, data room, and stage ageing.

See the operating layer of a serious fund

Run a fund the way it should be run today.

Kerdour is live and runs the fund every day. Real-company demo data is pre-loaded so you can walk every surface in context. Log in to see how the pipeline, inbox, meetings, and memory fit together.