AI Governance for Private Equity
& VC Firms

Every AI decision, with the evidence behind it. AI Governance Advisors (AIGA) helps mid-market private equity firms, established venture capital firms and their portfolio companies govern AI where it matters to investors.

AI Readiness and Responsible Decision Advisory for PE/VC

We help you control AI use in sourcing, deal diligence and data rooms, answer IC, LP and board questions with evidence, and see AI risk and value across the portfolio before an exit puts it under a buyer's microscope. Our work is executive-ready, portfolio-grade and aligned to leading standards such as the NIST AI RMF and ISO/IEC 42001. It is built for PE/VC speed and rigor.

Legal diligence opinions, technical testing and investment judgment stay with you and your advisers. We work with operating partners, portfolio operations leaders, managing partners, COOs, CIOs and CTOs, general counsel and CCOs, and CISOs, at the fund and in portfolio companies.

Fund-Level Controls

Approved-tool rules, confidential-data guardrails and IC control evidence.

Portfolio Visibility

AI risk and value across portfolio companies, segmented and board-ready.

Standards-Aligned

Aligned to NIST AI RMF and ISO/IEC 42001 for defensible governance.

When firms bring us in

Deal Team AI Use

"Our deal team wants AI for sourcing, diligence or the data room. What's allowed, and with which tools?"

NDA & Data Room Compliance

"An NDA or a data room says no AI, or a seller is asking how we'll handle their data. Can we show control?"

Vendor Review

"We're choosing an AI vendor for our investment workflow and need a defensible review."

IC, LP or Board Questions

"Our IC, LPs or board asked how we govern AI, and we don't have a clean answer yet."

Portfolio & Exit Readiness

"A portfolio company is launching an AI program, or an exit is coming and buyers will ask about AI."

AI usually reaches a fund through individual deal teams and vendors, faster than rules and records follow. When a seller, an LP or a buyer asks which tools touched confidential information, who approved them and what controls applied, the answer often depends on who you ask. We close that gap without slowing the deal down.

How we govern AI for a fund and its portfolio

Inventory > Classify > Decide > Evidence

Senior principals lead the work. We are platform-neutral, so we work with the deal tools, data rooms and AI products you already use or are evaluating. You keep every decision and every artifact.

Ways to work with us

Start here

AI Deal Workflow Risk Scan

Workflow inventory, data boundaries, vendor and human-review controls, a decision memo and a roadmap

Core

AI Diligence & IC Control Pack

Approved-tool rules, confidential-data guardrails, IC control evidence and a governance workflow for the fund

Across the portfolio

Portfolio AI Value & Risk Maturity Scan

Portfolio-wide visibility of AI use, segmentation by risk and value, priorities and board-ready reporting

Ongoing

Fractional AI Governance Office

Fund and portfolio AI intake, vendor review, decisions, issue tracking and leadership reporting

Every engagement has a fixed scope agreed in writing, with named deliverables, assumptions and exclusions. We share fees after a short scoping call. For portfolio companies facing AI questions from insurers, see the AI Insurability page. For defense-sector portfolio companies that handle CUI, see the DIB AI governance page.

Illustrative sample: deal-workflow AI data-boundary matrix (excerpt)

What the rules, regulators and LPs say

As of October 2026

SEC & AI Claims

On March 18, 2024, the SEC announced settled charges against two investment advisers for false and misleading statements about their use of AI. On June 12, 2025, the SEC withdrew its 2023 proposed rule on conflicts of interest in advisers' and broker-dealers' use of predictive data analytics. How SEC rules apply to your firm is a question for your counsel.

EU AI Act

The Act entered into force August 1, 2024. Prohibitions and AI-literacy duties applied from February 2, 2025; general-purpose AI model rules from August 2, 2025; transparency rules from August 2, 2026. The Digital Omnibus on AI (Regulation (EU) 2026/1744) moved high-risk rules for Annex III systems to December 2, 2027, and for Annex I products to August 2, 2028. It also narrowed the AI-literacy duty to taking measures to support staff AI literacy.

LP Questions

The Institutional Limited Partners Association (ILPA) publishes a Responsible AI Quick Guide for Asset Owners. Its suggested questions for GPs include whether the fund uses AI in investment decisions and what controls the GP has around AI use at the fund level.

Frameworks

The NIST AI Risk Management Framework (AI RMF 1.0, January 2023) is voluntary. ISO/IEC 42001:2023 sets requirements for an AI management system. AIGA aligns its work to both. Certification to ISO/IEC 42001 is done by accredited certification bodies, not by AIGA.

What we do, and what stays with your deal team and advisers

Who owns it

  • Investment judgment, valuation and IC decisions: Your deal team and investment committee
  • Legal diligence opinions, NDA and data-room terms, regulatory analysis: Your transaction counsel or GC
  • Technical, cyber and model testing of a target or vendor: Your technical and cyber diligence providers
  • Audit, certification or attestation (including ISO/IEC 42001): Auditors and accredited certification bodies

AIGA's role

  • Investment judgment, valuation and IC decisions: We supply control evidence and AI risk findings as inputs. We make no investment recommendations
  • Legal diligence opinions, NDA and data-room terms, regulatory analysis: We organize the facts and flag the questions counsel needs to answer
  • Technical, cyber and model testing of a target or vendor: We define what evidence the decision needs and record their findings
  • Audit, certification or attestation (including ISO/IEC 42001): We prepare the evidence index they can test

Questions PE and VC firms ask about AI governance

Which advisors help PE firms with AI governance?

AIGA is a senior-led, platform-neutral U.S. advisory helping mid-market PE and VC firms govern AI. At the fund level, AIGA sets controls for AI in sourcing, diligence and data rooms, reviews vendors, and builds IC and LP evidence. Its Portfolio AI Value & Risk Maturity Scan segments AI by risk and value for board-ready reporting. The Fractional AI Governance Office provides ongoing support, aligned to NIST AI RMF and ISO/IEC 42001.

Can our deal team upload data-room documents into AI tools?

Only where the NDA and data-room terms allow it, and only into tools whose contracts and settings protect the data. Many confidentiality agreements now restrict or prohibit uploading confidential information into AI systems. Confirm what the NDA and platform terms say (a question for your counsel), and confirm the tool's terms on training, retention and access. AIGA helps you turn those answers into standing rules by data class.

What will buyers ask about a portfolio company's AI at exit?

Buyers increasingly test whether AI claims hold up. They ask which AI systems are in production, what data each uses and on what rights, which third-party models and vendors the company depends on, and what governance, human oversight and incident records exist. Gaps found late tend to slow diligence or move into deal terms. AIGA builds the inventory, governance record and evidence index early.

What are LPs asking GPs about AI governance?

LP questions have moved from whether a GP uses AI to how it governs it. ILPA's Responsible AI Quick Guide suggests questions on AI-related policies, use in investment decisions, diligence process, and fund-level controls. Expect follow-ups on which tools touch LP, deal and portfolio data, on what terms, and who owns AI governance.

Bring us the deal, the question or the exit

Tell us what's driving the timing: a live deal, an AI vendor decision, an IC or LP question, a portfolio AI program or an exit, and the date that matters. We will come back with a fixed-scope proposal, usually starting with the AI Deal Workflow Risk Scan or the Portfolio AI Value & Risk Maturity Scan, with named deliverables, assumptions and exclusions.

Why AIGA

  • Senior principals on every engagement
  • Platform-neutral, works with your existing tools
  • Fixed scope, named deliverables, agreed in writing
  • Aligned to NIST AI RMF and ISO/IEC 42001
  • You keep every decision and every artifact

AIGA's two co-founding principals scope and deliver every engagement themselves. See the Team Bios.


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