F2 Launches Institutional Knowledge, the Compounding Intelligence Layer for Private Markets

New AI product brings a firm’s historical deals online as a persistent intelligence layer that compounds with every transaction

NEW YORK--(BUSINESS WIRE)--F2, the AI platform for private markets, today launched Institutional Knowledge, a new product that transforms a firm’s historical deal activity into a proprietary data asset that compounds with each deal underwritten on the F2 platform. Most firms sit on decades of deal history, but very little of it is harnessed to make new investment decisions. With Institutional Knowledge, firms can transform that history into a queryable repository that informs how the next opportunity is evaluated, benchmarked, and underwritten.

F2 is trusted by more than 100 enterprises and thousands of professionals across private credit, commercial banking, and private equity to automate workflows spanning deal screening, diligence, underwriting, and portfolio monitoring. Institutional Knowledge builds on that foundation by addressing a longstanding problem: the inability to retain and leverage historical deal analysis due to inconsistent data, employee turnover, poor documentation, and fragmented institutional memory.

Institutional Knowledge is designed around the principle that every investor is unique and judgment compounds. Two firms can review the same deal and reach different conclusions based on their unique understanding of markets, risk appetite, or diverging investment theses. Today, that firm-specific judgment is scattered across IC memos, data rooms, and individual hard drives. When an analyst or MD leaves, their deal analysis and pattern recognition leave with them. When a new deal resembles one from years ago, that insight is often lost.

Most AI tools do not solve this. They generate answers, but they do not retain judgment. Institutional Knowledge compounds firm-specific knowledge and reasoning, so that every investor can apply and evolve the firm's secret sauce with every model they build, every memo they write, and every deck they create.

"The real opportunity for AI in private markets isn’t just workflow automation. It is compounding intelligence," said Don Muir, CEO of F2. "Every firm with a decade of deal history is sitting on an enormous latent proprietary data asset. Firms have spent thousands of human hours underwriting deals into IC memos and financial models that capture their best investment judgment. Institutional Knowledge activates that asset. Every deal your firm evaluates now improves the next one you underwrite."

How Institutional Knowledge Works

Institutional Knowledge is the central pillar of F2’s self-reinforcing data flywheel. During onboarding, F2 ingests historical deals (IC memos, financial models, CIMs, and CRM data) and structures them into a persistent, queryable context graph. As new deals are run through F2, they automatically flow into Institutional Knowledge when passed or executed, with no manual maintenance required.

Key capabilities include:

• Identify whether a new opportunity resembles past deals and review how those investments performed
• Benchmark underwriting assumptions against actual outcomes across precedent transactions
• Analyze portfolio-wide exposure, performance, and risk across consistent internal metrics
• Surface patterns such as covenant structures or leverage profiles that preceded underperformance
• Query the firm’s entire deal history through a global agent that carries context across all prior work

Compounding Intelligence, Not Just Faster Workflows

Most AI makes analysts faster. Institutional Knowledge makes the firm smarter. It creates a proprietary intelligence asset that becomes more valuable with every decision a firm makes.

"Give your deal teams the pattern recognition of your most experienced MD, and your MDs the throughput of a much larger team," Muir added. "That is what becomes possible when your full deal history is structured, persistently available, and agentically queryable."

Institutional Knowledge sits at the core of the F2 platform. Combined with F2's Excel-native financial analysis engine and Audit Mode, every metric is accurate, traceable, and informed by precedent.

About F2

F2 is the compounding intelligence platform for private markets. Built on Institutional Knowledge, it transforms a firm's deal history into a persistent, queryable knowledge asset and evaluates every new opportunity with full context: precedent deals, live data room files, and third-party market data. From screening and diligence to underwriting and portfolio monitoring, the platform is powered by an Excel-native financial analysis engine, auditable at every layer, and orchestrated by agents that carry context across the firm's complete deal universe.

Headquartered in New York City, F2 is backed by leading investors including NFX, Left Lane Capital, and Y Combinator. To learn more or request a demo, visit f2.ai.