Independent diligence for passive investors

The diligence desk institutions have. Built for the LP who writes the check.

Sponsors send a polished deck and a wiring deadline. Bastion LP screens the deal for the structural flaws that quietly cost limited partners money, investigates the people behind it through their own SEC filings, and tracks every dollar after you commit. We take nothing from the sponsor side, so the only interest behind every number is yours.

No card required for the free scorecard.
Sample structural review
248-unit value-add
Sunbelt market · 5-year hold
58/100
At risk Your capital's position
Caution Financing risk
At risk Exit risk
Clear Sponsor execution
Returns depend on a refinance, and the sponsor catch-up is paid before LPs are made whole.
The problem

The memorandum is a sales document.

It is written to get you to yes. Where you sit in the capital stack, what happens if the refinance does not land, whether the exit assumes a richer market than the one you bought into, who is actually behind the LLC and what their last deals did, are rarely the parts in bold. Institutions underwrite all of it. Most passive investors never get to.

What you get

One platform, three jobs, all pointed at protecting your capital.

Not a deal marketplace and not a sponsor's funnel. A complete diligence desk you run on your own positions.

01

Vet the deal before you wire

Score the deal the way a sponsor hopes you will not, then walk in with the right questions.

Six-layer structural review and integrity score
PPM clause scanner for fee stacking, catch-up, lockups
Fee and promote model showing your true net
Ten-calculator LP suite, from net-to-LP to break-even
Pre-wire diligence checklist
Sponsor-call question generator
02

Investigate the people behind it

The institutional background check, assembled from the sponsor's own SEC record. This is the part no individual LP can do alone.

Find the deal's actual SEC issuer and read its Form D against the pitch
Map the same principals across the new LLCs they hide behind
Reg A annual and semiannual financial reports when they exist
Registered-adviser and Form ADV disclosure check
Enforcement and federal court records on the entity and every named principal
Confirmed-entity filing alerts, on deals you hold and ones you are still weighing
Form D
Offering economics, amount raised, named principals
Adviser & ADV
Registration status and disciplinary disclosures
Enforcement
SEC actions and court records, people included
03

Watch what you already own

The position does not end at the wire. Track it against what you were promised, and see trouble early.

Portfolio command center across every position
Distributions tracked against what you were promised
Cash flow and capital-call timeline
Concentration and liquidity analytics
K-1 tracker so nothing is late at tax time
Exit verifier: recompute your share against the waterfall
Why us

We work for you, not the sponsors.

Bastion LP is not a deal marketplace. We do not earn placement fees on what you invest in, we never steer you toward a deal, and we disclose any relationship that could color a finding. The only thing we are paid to do is find where a deal breaks. Behind every score is a structural model, not an opinion, written in plain language so you can act on it.

The math

One caught deal pays for years.

A single syndication is fifty to a hundred thousand dollars of your capital, often locked for five years or more. The platform costs less than dinner out each month. Catch one structurally broken deal, or one sponsor with a record you would not have found, and it has paid for itself many times over.

A typical LP check$75,000
Locked for, typically5+ years
Bastion LP membership$147 / mo
Cost to vet a deal firstrounding error
Membership

One plan. The whole desk.

$147per month
Or $1470 a year. Cancel anytime, and you keep every deal you ran.
  • Vet every deal: structural review, PPM scan, fee and promote model, calculator suite, diligence checklist and call prep
  • Investigate every sponsor: SEC issuer and Form D, cross-entity principal map, Reg A reports, adviser and enforcement checks
  • Watch your whole portfolio: distributions vs promised, cash flow, K-1 tracker, concentration and liquidity, exit verifier, filing alerts
  • Independent, always: no sponsor fees, no steering, full disclosure

Only have one deal to check? Run your first full review free, then $29 per deal with no subscription. Credits never expire, and they roll into membership whenever you are ready. See pay-per-deal pricing.