Case Study: Park Square Capital cuts MFN election time and legal costs by 50% with Ontra

Park Square Capital cuts MFN election time by 50% with Ontra

Park Square Capital, a global private debt manager, faced significant challenges in manually managing the increasing volume and complexity of side letters and Most Favored Nation (MFN) provisions across its funds. This manual process was time-consuming, costly, and prone to error, creating risk and a burdensome experience for its Limited Partners. To address this, Park Square Capital partnered with legal automation vendor Ontra to implement its Insight solution.

By adopting Ontra Insight, Park Square Capital automated its MFN election process. This integration streamlined workflows, reduced manual errors, and provided a digital platform for investors. The results were substantial: Ontra helped cut MFN completion time from several months to under five weeks and reduced associated legal costs by 50%. Furthermore, 75% of Limited Partners adopted the digital election process, improving accuracy and efficiency.

Park Square Capital