
A mid-market PE firm with 20+ years of deal history and a strong IC process wanted to push prep depth beyond what any individual reviewer could realistically deliver. The team did rigorous work, but the depth of any given deal's prep was bounded by one person's bandwidth, one person's recall of past deals, and one person's view of which angles mattered most.
The firm wanted every deal to walk into IC with the kind of prep its best deals had gotten: benchmarked systematically against the firm's 1,000+ opportunity history, stress-tested with the questions senior IC members actually raise, and analyzed through the firm's collective judgment rather than whichever lens a given week's reviewer brought.
Soal Labs built an IC Insights Engine for the firm: structured interviews with six senior MDs were encoded into queryable AI personas, paired with a knowledge base of the firm's IC decks, deal metadata, and outcomes, so every deal could be cross-referenced, challenged, and benchmarked against 1,000+ past opportunities before committee.
Soal Labs began with a single managing director. The first two weeks were structured, recorded interviews that walked through past deals to surface how that MD actually reasoned — what they looked at first, which red flags overrode positive signals, and which patterns they had learned to trust. Those sessions became a v0 persona, made retrievable alongside the firm's IC decks and deal data, and were tested immediately on a live deal heading into committee. The next two months were iteration. The naive persona surfaced useful angles but also exposed gaps: judgments too contextual to encode from a single example, and heuristics MDs stated in interview that diverged from what they did when shown a real deal. Each testing round fed back into both the interview methodology and how the personas were structured. Once the approach worked on one MD, the team scaled to five more, deliberately chosen for sector coverage so every vertical had a senior voice encoded from day one. First useful results came within the opening weeks; the full six-persona phase one landed over roughly two months.
Most relevant for firms with:
- Significant deal history (hundreds of opportunities with outcomes) for cross-deal benchmarking to draw on.
- Multiple sectors or strategies where no single MD covers everything.
- Senior MDs whose judgment is distinctive and currently lives only in their heads.



-p-500.jpg)


