Diligence
Review the data room at deal pace
Read the target’s documents in one pass and see the findings that matter, each linked to its page.
Investment funds
Fund and deal documents, held to your positions
Triage NDAs, check term sheets against the definitive documents and compare side letters,
with SEBI and FEMA questions answered from sources your team can check.
The challenge
Every deal, on a deadline.
Fund legal and compliance teams work through NDAs, term sheets, shareholders’ agreements, share subscription and share purchase agreements, side letters, contribution agreements and private placement memoranda. Each one sits under the SEBI (Alternative Investment Funds) Regulations 2012, FEMA and its Non-Debt Instrument Rules 2019, the Companies Act 2013 and, for GIFT City, the IFSCA (Fund Management) Regulations 2025.
Positions applied unevenly
Preferred and fallback positions live in people’s heads, so each deal is negotiated a little differently.
Term sheets drift
Points agreed in the term sheet change or go missing by the time the definitive documents are signed.
Side letters pile up
Information rights, MFN and transfer terms spread across dozens of side letters and portfolio agreements.
Comparison
Compare portfolio terms in one table
Ask the same questions of every SHA or side letter: reserved matters, exit, information rights and MFN.
Drafting
Hold the term sheet to the SHA
Check the definitive SHA and SSA against the term sheet, see what changed and draft with your positions in view, from FEMA pricing to Companies Act private placement steps.
Closing
Keep every closing on track
Keep conditions precedent, filings and follow-ups connected to the deal as it moves to completion.
Built for the demands of fund legal teams
One workspace for deal documents, fund documents and the regulation around them.
NDA triage
Review incoming NDAs against your playbook and get the deviations with a suggested fallback, in minutes rather than a queue.
Term sheet to definitive documents
Check the SHA, SSA and SPA against the agreed term sheet and list what is missing or changed.
Data room diligence
Read a target’s documents in one pass, with every finding linked to the page it came from.
Side letter and portfolio tables
Compare side letters and portfolio SHAs in one table: information rights, exit, reserved matters and MFN.
SEBI and FEMA research
Answers on the AIF Regulations, FEMA Non-Debt Instrument Rules and SEBI circulars, with every citation one click from its source.
Drafting from your templates
Term sheets, side letters and contribution agreements in your own format, inside Word or the web app.
FAQ’s
Lexi for investment fund legal teams in India is one workspace for AIFs, private equity and venture capital funds to triage NDAs, check term sheets against definitive documents, compare side letters and portfolio agreements, draft from their own templates and research SEBI and FEMA questions with citations they can check.
Yes. Lexi compares the definitive SHA, SSA or SPA with the term sheet, lists the points that changed or went missing, and shows each one beside the clause it came from.
Lexi researches the SEBI (Alternative Investment Funds) Regulations 2012 and circulars, FEMA and the Non-Debt Instrument Rules 2019, the Companies Act 2013 and the IFSCA (Fund Management) Regulations 2025, with citations your team can open and check.
Yes. Lexi works inside Microsoft Word through its add-in, so you can review, redline and draft from your own templates without leaving the document. The same work is available in the web app, the mobile app and on WhatsApp.
Yes. Lexi is ISO 27001 and ISO 42001 certified, and SOC 2, GDPR and DPDP compliant, with SSO and SAML for your team. Your data is never used to train Lexi’s models, and your documents stay private to your team.
Lexi brings deal review, research and matters together for the whole team. See Lexi compared with Draftwise and the comparison page. For the wider in-house workflow, see Lexi for in-house legal, or the pages for SaaS and real estate.
See Lexi in action
See your legal work come together.
See how Lexi brings deal documents, fund documents and research into one workspace. Book a personalised demo built around your fund.
Book a demo