The Capital Intelligence NetworkLive · UTC /Vol. I · By invitation
No. 00

Find the capital.Close the fund.

Proteus One surfaces the allocators whose mandate actually fits your fund, drafts the outreach in your own voice, and holds the thread — every reply classified, every follow-up paced, nothing dropped between the signal and the meeting.

Thirty minutes, against your live mandate — not a slide deck. Or start on the free tier.

Free plan, no card · 14-day trial on paid plans · No success fees, ever

Built from the allocator’s side of the table

Blackstone·Cerberus·QuadReal

A decade in institutional capital markets — receiving the decks and asking the DDQ questions, before building the thing that answers them.

Built for

Fund managers

First-time to Fund IV

Placement agents

Several mandates at once

IR teams

Existing LP base & re-ups

Private equity, private credit, real estate, infrastructure. Pre-launch — what is and is not built is set out plainly in No. 04.

The Tape— · Edition 142
CLOSETPG Rise Climate II final close at $7.3B·
MANDATECalPERS rotates 80bps from public credit into private credit·
HIREGIC names new Head of Real Assets, Europe·
EXITApollo exits portfolio co., $2.1B distribution to LPs·
FILINGForm ADV update: Bridgewater opens new vehicle·
SIGNALKKR closes Asia Pacific Infra Fund III at $6.4B·
SIGNALADIA increases allocation to private equity, +120bps YoY·
MANDATEYale Endowment opens RFP for emerging-manager program·
CLOSETPG Rise Climate II final close at $7.3B·
MANDATECalPERS rotates 80bps from public credit into private credit·
HIREGIC names new Head of Real Assets, Europe·
EXITApollo exits portfolio co., $2.1B distribution to LPs·
FILINGForm ADV update: Bridgewater opens new vehicle·
SIGNALKKR closes Asia Pacific Infra Fund III at $6.4B·
SIGNALADIA increases allocation to private equity, +120bps YoY·
MANDATEYale Endowment opens RFP for emerging-manager program·

A live feed of the kind of signals Proteus One reads · illustrative

No. 01

01The problem

A reckoning, in three numbers.

18mo

avg. time to first close

70%

spent prospecting & follow-up

1:60

cold-outreach reply rate

Industry conditions for a first-time or mid-market institutional raise — not Proteus One results. What we can and cannot yet evidence is set out plainly in No. 04.

An essay,

in fragments.

The tools that consume a fundraise – sales platforms, CRMs, spreadsheets – were built for a different industry.They treat a sovereign wealth fund the way they treat a SaaS lead.They remember what already happened.They sit, politely, between every signal and the meeting it should have produced.

We spent a decade inside these institutions, watching brilliant people copy LP names from one spreadsheet into another and re-write the same email sixty times before a Wednesday board call. Proteus One is what happens when you stop accepting that as the job.

Sound familiar?

Six ways a raise leaks.

None of these are software problems. They are all the same problem: the system of record forgets, and the partner remembers.

  • 01

    The eighteen-month-old list

    A Preqin export from the last raise, half of it re-seated. You are pitching people who moved firms two vintages ago.

  • 02

    The LP with no allocation left

    They took the call. They were always going to take the call. Their private-markets bucket closed for the vintage in March.

  • 03

    The ticket that never fit

    A $200M fund in front of an allocator with a $500M minimum and a 10% concentration cap. Twenty minutes to find out.

  • 04

    The re-up you heard about late

    Their existing manager was already back in market. You found out from a placement agent at a conference in November.

  • 05

    The warm path nobody mapped

    Someone on your LPAC sits on their investment committee. Nothing in your CRM knows that, so the intro never gets asked for.

  • 06

    The DDQ you have answered four times

    Three hundred questions, ninety per cent identical to the last one, and the answers live in a partner’s sent folder.

No. 02

02The product

One platform. Every stage of the raise.

Three modules, designed to compose into a single workflow, so the time you save in one stage compounds into the next.

  1. 2.1
    Atlas & the agents
  2. 2.2
    Outreach
  3. 2.3
    Diligence
No. 2.1Atlas & the agents

The capital graph, worked by agents.

Atlas is our proprietary database of every allocator we know of, ranked against your mandate.

the agents work on top of it.

  • Scouting beyond the database.
  • Catching the moment an allocator is deploying.
  • Threading warm paths through your past campaigns.
Prospect

Scouts beyond the database.

Finds allocators no CRM knows about yet.

Signal

Catches deployment moments.

Closes, exits, mandate shifts, rotations.

Network

Threads cross-campaign intel.

Warm paths across your past funds.

Diligence

Reverse-DDQs the allocator.

You walk in knowing their questions.

AskScout/Prospect Proteus One · ready
K
↵ submit
parsed@Ascend Infra IIMENAAPACTicket $50M+Infra mandate
Step 1Atlasinternal database
— allocators
matchedinfra$50M+MENA · APACtop 5 by fit
Contact · Firm · MandateLocationTicketFit
001A. OkonjoHead of Private MarketsMeridian Sovereign Fund · Infra · AsiaSingapore$250–$500M94
002R. LindqvistManaging Director, Private CreditNorthbridge Pension Plan · Private CreditToronto$150–$300M91
003S. HaddadHead of Real AssetsGulf Horizon Investment Co. · Real AssetsAbu Dhabi$200–$400M88
004E. MarchettiHead of Private InvestmentsCalder Endowment · Growth · ClimateLondon$50–$120M84
005T. NakamuraDirector, InfrastructureSouthern Reserve Fund · Infra · APACMelbourne$100–$250M81
database exhausted
Prospect Proteus One searches beyond
Step 2Prospect Proteus One
idle·scroll to begin scouting
0
records scanned
queryingRegulatory filingsDeal pressFamily-office registriesPublic profilesOperator networks
MENA
H. AlmasiChairman & CIO
Almasi Family Investments · Abu Dhabi
Infra · SFO · $80–$200M
found viaReg. filingM&A pressCo-invest signal
88
conf.
APAC
J. WenFounder & CEO
Lantau Growth Capital · Hong Kong
Energy infra · $100–$250M
found viaDeal pressFund registry
82
conf.
MENA
N. Al FahimHead of Alternatives
Qasr Capital (SFO) · Riyadh
Real assets · $75–$150M
found viaFamily-office registryLP rotation
78
conf.
APAC
C. TenggaraManaging Partner
Straits Climate Partners · Singapore
Climate infra · $50–$120M
found viaPublic mandateOperator network
73
conf.
SEA
M. IdrisDirector, Family Office
Selangor Holdings · FO arm · Kuala Lumpur
Infra · SEA · $40–$90M
found viaPublic profileDeal press
68
conf.
5 prospective investors, beyond the databaseRoute prospective investors to campaign
AtlasProspect Proteus One
one canvas · two surfaces
No. 2.2Outreach

Email worth signing your name to.

Every draft is written from scratch, grounded in what that allocator actually cares about: the mandate they published, the move they made last quarter, the thesis they’ve been underwriting. No templates. No mail merge. No auto-spam tone.

  • Grounded in real signals: filings, press, mandates
  • Tone calibrated to the relationship: peer, prospect, warm
  • Every claim cited, every send reviewable before it leaves
compose / draft v3 · grounded
Claude Opus
ToSara Chen, Head of Private Markets · Calder Endowment
ReFollowing Wellcomes rotation into climate-aligned growth

Sara, your remarks at the an industry conference summit on the Trusts shift toward catalytic climate capital¹ tracked closely with how weve been positioning Fund III.

Were anchoring around three theses Wellcome has publicly underwritten: grid-scale storage, industrial heat, and ag-fintech in emerging Asia². Two of our existing portfolio companies are within a quarter of the milestones in your last impact report³.

Id welcome 30 minutes. Happy to come to Euston Road, or to host you in our London office. Two slots before the close of week if useful.

Chris

Grounded in real signals

Every yellow-underlined phrase pulls from a specific filing, press moment, or allocator mandate.

Every claim cited

  • ¹an industry conference Summit transcript · 14 Mar 2026
  • ²Wellcome Impact Report · Q4 2025
  • ³Internal portfolio milestones · Fund II

Tone · peer / institutional

First-name address. Warm close. No "I hope this finds you well."

Risk flags

None detected · ready for review

3 sources cited·Reviewed by Chris
Ready to send
No. 2.3Diligence

A 312-question DDQ, drafted before lunch.

Drop in any DDQ: ILPA Standard, custom LP template, sovereign questionnaire. Proteus One pulls from your knowledge base, drafts every answer with citations, and surfaces the questions that need a partner’s judgment before you ship it back.

  • Source-cited answers, audit trail enabled by default
  • Detects inconsistencies across past responses
  • Reviewer queue for the questions only a partner can answer
ddq · Calder Endowment · ILPA 2.0
processing
Total questions
312
Auto-drafted
0/ 312
Needs partner
0in reviewer queue
progress
0%
now drafting·Q 5.01 · Track record

Question

Provide gross & net IRR by vintage, net of fees and carry.

Proteus Ones draft answer

writing…

Returns by vintage, net of 2% management fee and 20% carry:

Fund · vintageGross IRRNet IRR
Fund I · 2019 realised
Fund II · 2022 partial
Fund III · 2024 deployingn/mn/m

Fund III · too early to mark · first distribution expected Q4 ’26

Source·Audited financials 2024·p. 14

Proteus One reads your data room, drafts the answer in your voice, and links every number back to the document it came from, so the reviewer can trust it in one click.

Question · sourceStatus
4.12

Investment process · sourcing & screening

source · Fund III LPA § 4

Drafted
4.13

Deal-team composition & decision rights

source · PPM pp. 22–24

Drafted
5.01

Track record · gross & net IRR by vintage

source · Audit · 2019–2024

Drafting…
5.02

Loss ratio & mark-to-market discipline

route · Partner judgement

Needs partner
6.07

ESG integration & SFDR Article classification

source · ESG policy v3

Drafted
7.03

Key-person provisions & succession plan

source · LPA § 11

Drafted

Reviewer queue

The 8 questions only a partner can answer are surfaced for you — not buried in the pile.

Open queue →
Elapsed 41 min·Reviewer Chris·Audit trail enabled
< 1 hr to complete

No. 03

03The workflow

Every step here exists for one reason, to put a partner in a room with an LP.

Commitments don’t come from dashboards. They come from meetings. Proteus One’s job is to book more of them, and to keep your partners out of the paperwork in between.

A field guide,

in six movements.

The north star —

Meetings booked,
per partner,
per week.

  1. Day 0–3Onboarding

    Workspace provisioned. Your fund's knowledge base ingested.

    Drop in your data room, prior decks, last raise's outreach. Proteus One indexes against your mandate. SSO live. No services engagement, no implementation fees.

  2. Week 1Atlas · who to meet

    The 200 allocators most likely to say yes. Briefed.

    Mandate-fit ranking against your specific thesis. Each name carries a one-page brief: recent moves, public commitments, who on your cap table already knows them. The shortlist is a meeting list, ordered by who will pick up the phone.

  3. Week 2–3Outreach · the ask for time

    Every email ends with a calendar link. That's the whole point.

    No mass send. Drafts cite real signals from the allocator's last quarter, reference a mutual, and propose a time. Follow-ups trigger on silence, on reply, on forward, all with one goal: turn an inbox thread into a 30-minute slot.

  4. Week 4Meetings · the whole point

    Your calendar fills. This is the work.

    Twelve to eighteen first meetings land on the partnership’s calendar. Proteus One writes a pre-read the night before each one: the allocator’s recent tape, questions they’ve asked other GPs, the three things to not-say. After the meeting, it drafts the follow-up from your notes before you land.

    This week · partner calendar

    14 meetings booked

    Mon

    9:30
    MIT Endowment
    14:00
    Hamilton Lane
    16:30
    Adams Street

    Tue

    10:00
    Calder Endowment
    13:30
    Straits Climate Partners
    open

    Wed

    9:00
    UTIMCO
    11:30
    Northleaf
    15:00
    Sapphire FoF

    Thu

    10:30
    Teacher Retire.
    14:30
    GCM Grosvenor
    open

    Fri

    9:30
    Vintage Invest.
    12:00
    Ford Foundation
    15:30
    Capricorn

    Same partner. Same five days. 3× the conversations.

  5. Week 5–7Diligence · so you stay in rooms

    The DDQs come back drafted. You keep taking meetings.

    A 312-question ILPA arrives Monday; by Wednesday every answer is drafted with citations. The eight questions only a partner can answer surface cleanly, the other 304 never touch your week. Paperwork stops being the reason you cancel Thursday's call.

  6. Week 8–12Commitments · the thing that counts

    First soft commits land. Because you were in the room.

    Allocators wire money to GPs they trust, and trust is built across three conversations, not three dashboards. Proteus One’s scoreboard was never open rates or pipeline value. It was always this: meetings taken, hands shaken, checks signed.

No. 04

04The evidence

We are pre-launch. No case studies, no logos, no composite averages from an alpha cohort. Here is what you can actually check.

Why there are no numbers here

You would only have to take them on trust.

Every fundraising platform on the market will show you a lift figure. Almost none of them will tell you the sample size, the counterfactual, or who was in the cohort. You evaluate managers for a living — you already know what an unaudited composite is worth. So we are not going to open with one. When we have results a fund would let us name, they will appear here with the name attached.

Verifiable, one

Built by someone who sat on the other side of the table.

Blackstone

Fundraising strategy

Cerberus

Capital markets

QuadReal

Real estate private equity

A decade in institutional capital markets, on the side of the table that receives the deck and asks the DDQ questions. That is checkable in about ninety seconds, which is more than can be said for most of what appears on a page like this. More in No. 06.

Verifiable, two

The output shows its reasoning, or it is worthless.

A score you cannot interrogate is a score you cannot defend to an investment committee. Every match states the mandate evidence behind it, and flags what it is inferring rather than asserting.

Mandate match — output formatIllustration, not a customer result

Nordic public pension — infrastructure sleeve

Fit 87

Mandate evidence
Stated €400M–1.2B infrastructure allocation, 2025 investment plan, p.14
Ticket fit
Typical commitment €75–150M against your €90M target close
Timing signal
Two infrastructure commitments disclosed in the last four months
Warm path
Your LPAC member and their deputy CIO overlapped at a prior fund

Inferred — verify before contact

Contact address inferred from firm pattern, not confirmed. Flagged rather than sent blind — a bounced first touch on your own domain costs more than the lead is worth.

Verifiable, three

What it does not do yet.

You are going to ask on the call. Here it is before you have to.

  • No live signal feed

    Deployment-intent signals are researched per campaign, on demand. There is no always-on ingestion from EDGAR or Crunchbase yet.

  • No shared workspace

    One seat per organisation today. Two people from the same fund get separate workspaces and cannot share a pipeline.

  • No calendar booking

    It drafts the scheduling reply and tracks the outcome. It does not read your availability or place the invite.

  • Document library does not answer DDQs yet

    Uploads are stored and managed. DDQ drafting works from the context you paste in — retrieval straight from your library is next, not shipped.

  • Gmail is the mature mailbox integration

    Outlook is built and unverified in production. If your IR team runs on Outlook, say so on the call and we will be straight with you about where it stands.

Everything above is on the roadmap and none of it is on the pricing page. If a gap on that list is a dealbreaker for your raise, it is better for both of us that you know now.

No. 05

05Built for institutions

Engineered for the institutions that built the industry.

Every architectural decision is a defensible one: data residency, model lineage, auditability, and the right to be forgotten.

Data residency

EU Central, Frankfurt. Postgres with row-level isolation per workspace.

Model lineage

Anthropic Claude. Opus for composition, Sonnet for ranking, Haiku for triage.

Compliance

GDPR by design. SOC 2 Type II readiness in progress — no report issued yet. Security questionnaire on request.

Right to be forgotten

Workspace-scoped deletion. No model training on customer data, ever.

No. 06

06From the founder

A short letter, in the founder’s hand.

Author

Christophe El-Hage

Founder, Proteus One

Prior

  • BlackstoneFundraising Strategy team
  • Real Estate Private Equity Investorat a $100B fund
  • Founder, Own Fundraising Advisoryassisting with >$1B in fundraising

Track record

$2B+ in transactions executed

Most of the time spent fundraising is not spent in front of allocators. It is spent finding them, qualifying them, drafting around them, and chasing the threads that come back. Proteus One exists to take that work off your team’s desk so the time you have left in the cycle is the time that compounds, face to face, in the room.

Every tool I used was built for a different industry. Proteus One is the tool I wish I’d had.

Christophe El-Hage · Founder, Proteus One
No. 07Closing remarks

Raise like the institution
you already are.

We take on a small number of funds at a time, deliberately. The call is a working session against your live mandate — asset class, ticket size, target close — and you will get a straight answer on whether this helps your raise or not.

Read personally by Chris · No SDR, no discovery script

Commercial terms

Free plan, no card. No success fees, ever.

Starter

$349 / mo

Two seats. Five active campaigns. Outreach + Atlas.

Professional

$899 / mo

Eight seats. Fifteen campaigns. Twenty-five DDQs. Reviewer queue.

Institutional

On request

Unlimited. SSO, SCIM, dedicated environment. Named partner contact.