The high stakes world of capital raising
As a modern private equity investor, Oakley Capital needs to move quickly. Running a capital raise is a high stakes process, and the Private Placement Memorandum (PPM) is a critical document that outlines the offer to potential investors.
The goal is to balance the need to secure funds quickly and efficiently, while also meeting the highest standards of compliance.
Triple-checking documents was the norm
The team were used to manually verifying everything. Typically using a mix of Excel spreadsheets and Word documents, they would often need to triple-check every document. The risk of human error was high.
It was a time consuming process, and when deadlines rolled around, there was always a scramble to get it over the line.
In comes Atticus: a way to speed up the process
Atticus presented multiple ways to automate the process.
Automated workflows
The ability to instantly cross-reference documents against internal data sources.
Improved version control
Having a simpler and more controlled process when moving everyone to an updated version of the document saved a huge amount of time.
Easy collaboration
Tagging people against statements, and coordinating different teams across the organisation, gave people certainty and clarity about their tasks.
We quickly recognised the value in reducing manual workload, improving accuracy, and speeding up verification processes. The ability to focus on higher-value work rather than document-checking was a major win.
Peter Schaffer
Head of Legal - Funds, Oakley Capital
From weeks to days
Ultimately, Atticus helped Oakley Capital reduce the time it took to verify PPM from weeks to days.
The team at Oakley Capital say they were able to run a more efficient fundraising process, and reduced the pressure on meeting their deadlines.
